In today's video I look at the stocks Corsair Gaming (CRSR -3.75%), Chegg (CHGG 0.71%), and Okta (OKTA -0.48%). Prices for all three of these stocks have taken a hit even though each company has seen strong revenue growth. Below I share a few reasons why investors should add these three companies to their watch lists.
Three reasons to add Corsair to your watch list
- Corsair reported 72% year-over-year (YOY) revenue growth and 104% YOY gross profit growth for the first quarter of 2021.
- Corsair has solid fundamentals for its trailing 12 months. It has positive cash flow from operations and positive earnings.
- In the 12 months ending March 31, 2021, Corsair has launched 84 products, shipped 33 million units, and made three acquisitions.
Three reasons to add Chegg to your watch list
- Chegg reported 51% year-over-year (YOY) revenue growth and 64% YOY subscriber growth for the first quarter of 2021.
- Chegg has solid fundamentals for its trailing 12 months. It has positive cash flow from operations and more cash and short-term investments than debt.
- Chegg believes 102 million students can benefit from Chegg services. In 2020 it had only 6.6 million subscribers, suggesting there's a vast untapped market for the company.
Three reasons to add Okta to your watch list
- Okta reported 37% year-over-year (YOY) revenue growth and 27% YOY total customer growth for the first quarter of 2021.
- Okta has solid fundamentals for its trailing 12 months. It has positive cash flow from operations and substantially more cash and short-term investments than debt.
- For the upcoming year, Okta expects 45% YOY revenue growth and at least 35% growth each year for the next four years.
Click the video below for my full thoughts.
*Stock prices used were the closing prices of May 28, 2021. The video was published on May 31, 2021.