HEAR - Turtle Beach Corporation
11.00 +0.09 (0.82%)
After hours: 4:59PM EDT
| Previous Close | 10.32 |
| Open | 10.40 |
| Bid | 10.85 x 800 |
| Ask | 11.22 x 800 |
| Day's Range | 10.33 - 11.05 |
| 52 Week Range | 8.25 - 34.50 |
| Volume | 556,956 |
| Avg. Volume | 799,055 |
| Market Cap | 159.622M |
| Beta (3Y Monthly) | 1.07 |
| PE Ratio (TTM) | 4.31 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Zacks•10 hours ago
HEAR vs. ACIA: Which Stock Is the Better Value Option?
HEAR vs. ACIA: Which Stock Is the Better Value Option?
- Zacks•10 hours ago
Are Investors Undervaluing Turtle Beach (HEAR) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Zacks•11 hours ago
Corning Sets 2020-2023 Strategy and Growth Framework Targets
Corning's (GLW) 2020-2023 Strategy and Growth Framework goals underscore its strategic investments aimed at extending market leadership and growth, while delivering attractive shareholder returns.
- Zacks•5 days ago
Turtle Beach (HEAR) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Turtle Beach (HEAR) closed at $10.19, marking a -0.49% move from the previous day.
- GuruFocus.com•7 days ago
Turtle Beach Corp (HEAR) CEO & Pres Juergen M. Stark Bought $102,690 of Shares
CEO & Pres of Turtle Beach Corp (NASDAQ:HEAR) Juergen M. Stark bought 10,500 shares of HEAR on 06/10/2019 at an average price of $9.78 a share.
- Thomson Reuters StreetEvents•10 days ago
Edited Transcript of HEAR earnings conference call or presentation 8-May-19 9:00pm GMT
Q1 2019 Turtle Beach Corp Earnings Call
- Zacks•12 days ago
Turtle Beach Completes Buyout of ROCCAT, Expands Footprint
Through the acquisition of ROCCAT, Turtle Beach (HEAR) aims to expand from being the leader in console gaming headsets into becoming a top gaming accessory brand for all platforms.
- Benzinga•13 days ago
E3 Preview: Turtle Beach Unveils Recon Spark Headset, Kain Series Mouse
San Diego-based video game headset manufacturer Turtle Beach (NASDAQ: HEAR) revealed new products Tuesday that it will be showing at next week’s Electronic Entertainment Expo conference. The company is set to showcase its latest gaming headset, the Recon Spark, an entry-level wired headset with a distinct white-and-lavender design that the company said is perfect for gaming on any system. Turtle Beach said its ROCCAT team will be debuting its Kain series of PC gaming mice, introducing an all-new design and click mechanism and will be available in three models set to launch by the end of 2019.
- TipRanks•18 days ago
5 Stellar Stocks For Under $10
You don’t have to pay three-digit sums to find compelling investing opportunities. It’s time to look outside the box at some cheap stocks top analysts are cheering right now. The best way to find these stocks is to use a screener, that way you can open up your investing horizon to a much wider stock pool.Here we used TipRanks’ Stock Screener to find these 5 cheap stocks. Essentially, we looked for 1) stocks with a ‘Strong Buy’ analyst consensus; 2) serious upside potential (i.e. over 20%). And on top of this each one of these stocks comes in at under $10. Note that the consensus is based on ratings from the last three months, so the outlook is pretty up to date. Plus we include top analyst analysis to show just why analysts believe these stocks are so undervalued right now.Let’s take a closer look: Syndax Pharmaceuticals Inc (SNDX – Research Report) Syndax Pharmaceuticals, Inc is a clinical-stage biopharma developing therapies for the treatment of cancer.The company offers significant rewards- but only for investors prepared to shoulder a hefty dose of risk. Shares could surge if the company’s Phase 3 trial of entinostat in metastatic breast cancer is positive. Indeed, Citigroup’s Joel Beatty says that such a catalyst could take shares all the way from $8 to $23. That suggests massive upside potential of 187%. However, the analyst also warns that should the data disappoint, shares could plunge to just $2 (75% downside potential). Look for the data to come in fall 2019 or spring 2020, says Beatty. In the meantime the analyst keeps a buy rating on shares. Encouragingly, the stock also scores a Strong Buy consensus from the Street. “Entinostat has received Breakthrough Therapy Designation in HR+ HER2- breast cancer patients, and we continue to believe that a positive OS assessment in E2112 could occur this year with a launch in 2021” writes HC Wainwright analyst Edward White. This five-star analyst has a $16 price target on shares (100% upside potential). That's just below the $19 average analyst price target. See what other Top Analysts are saying about SNDX. Turtle Beach Corp (HEAR – Research Report) Turtle Beach Corp is one of the leading gaming headset and audio accessory brand. Disappointing 2Q revenue guidance has weighed on shares recently, but it’s not game over for HEAR just yet.All five analysts covering the stock rate HEAR a ‘Buy.’ That’s with an average analyst price target of $23- indicating 150% upside potential from current levels. The best-rated analyst covering the stock is Oppenheimer’s Andrew Uerkwitz.He maintained his buy rating and $24 price target post-results. In a report on May 9 the analyst explained “With healthy fundamentals in video game market and integration of PC gaming accessories business (ROCCAT) well on track, we remain confident in management's ability to stay competitive and return to revenue growth in 2020.”As for the earnings report, the analyst explains that 2Q revenue guidance is lighter than expected, mostly due to order timing volatility in between quarters. However HEAR did reiterate 2019 revenues of $240-248M. “Over a two year basis, we believe Turtle Beach is outgrowing the competition and keeping its leading market share” he concludes. See what other Top Analysts are saying about HEAR. Pareteum Corp (TEUM – Research Report) Pareteum is a rapidly growing global cloud software communications platform. The company offers everything from voicemail and messaging services to data analytics and service fulfilment. Shares have exploded by 150% year-to-date following first-rate Q1 earnings results, and according to the analyst community plenty of upside lies ahead. This ‘Strong Buy’ stock scores 5 recent buy ratings, alongside an $8 average analyst price target (86% upside potential).Pareteum just hosted its first analyst day on May 28 in NYC. “We view this event as another sign of the further and rapid maturation of the company” cheers five-star Northland Securities analyst Michael Latimore. He has an $8.50 price target on shares. According to Latimore, Pareteum has a unique opportunity to be the cloud-based business and operations support system for agile mobile service providers. “TEUM is a top 2019 stock pick…. TEUM remains inexpensive still at only about 4x FY20 revenue v. comps at 10x” writes the analyst. See what other Top Analysts are saying about TEUM. Plug Power Inc (PLUG – Research Report) Plug Power develops cutting-edge fuel cells and hydrogen technologies that are more efficient than conventional batteries. Like Paretuem, PLUG has experienced a remarkable rally, with shares doubling year-to-date.Shares continued to move higher on May 29 following the announcement of an exciting new deal. Plug Power will now deliver hydrogen fuel cell engines to StreeScooter’s electric delivery vehicles. This ties into StreetScooter’s deal to initially deliver 100 hydrogen fuel cell-powered trucks for on-road use to Deutsche Post DHL starting in 2020. According to Plug Power this will provide increased drive time without the need for long charge hours.“We continue to be bullish on PLUG’s technology leadership position in mobile fuel cell applications and are encouraged by commentary about its expanding opportunity set in material handling and over-the-road applications” writes top-rated Oppenheimer analyst Colin Rusch. Four analysts have published buy ratings on PLUG in the last three months. Their average price target of $3.56 translates into upside potential of 37%. See what other Top Analysts are saying about PLUG. ViewRay, Inc. (VRAY – Research Report) Medical device company ViewRay is on a roll right now. The company just reported strong earnings results, and shares are up 47% year-to-date. Sean Lavin of BTIG praised the company’s current investment strategy, noting strong sales and steady sales progress. Indeed, gross orders came in an impressive $12 million above consensus. “This is especially important as it shows VRAY is winning new customers despite the recent competitive entrance from Elekta. While sales and orders can be difficult to predict on a quarterly basis, we believe this is an early sign that the new CEO’s strategy is working” wrote Lavin. The analyst concluded “since orders are likely most important to investors, we view this as a stellar report.”A similarly bullish perspective comes from Cantor Fitzgerald’s Craig Bijou. The analyst left a recent meeting with management "more bullish on the opportunity ahead” for ViewRay. Despite the rally in shares, he still sees ‘significant upside’ potential thanks to increased revenue and margin expansion.Notably, Bijou argues that management's goal to reduce the time from purchase order to revenue recognition could drive "meaningful upside" to Street numbers in 2020. Overall, five analysts have published buy ratings on VRAY in the last three months with an average price target of $13.40 (50% upside potential). See what other Top Analysts are saying about VRAY. Find your own ‘Strong Buy’ stocksHere we covered top stock picks currently trading for under $10. You can discover more compelling 'Strong Buy' stocks with the Top Analyst Stocks tool. This highlights the most promising stocks based on the latest recommendations from the Street's best-performing analysts. Go to Top Analysts Stocks Tool now.
- Benzinga•25 days ago
Turtle Beach Continues Partnership With Ali-A, The 'Most-Watched' Gamer On YouTube
Turtle Beach and Ali-A have collaborated for several years on a variety of projects across the gaming spectrum, with Ali using Turtle Beach products during all of his gaming content. Turtle Beach is keen to plug its headsets to gamers regardless of budget. "He (Ali-A) has a genuine affinity for Turtle Beach, and it will be great to see him outfitted with our latest headsets and other gear as he achieves many more victories in the future," said Julian Woods, managing director, Turtle Beach Europe in a press release.
- Zacks•last month
Zacks.com featured highlights include: NVR, Tilly's, Universal Forest, Thor Industries and Turtle Beach
Zacks.com featured highlights include: NVR, Tilly's, Universal Forest, Thor Industries and Turtle Beach
- Zacks•last month
Top Ranked Growth Stocks to Buy for May 15th
Top Ranked Growth Stocks to Buy for May 15th
- Zacks•last month
HEAR vs. ACIA: Which Stock Should Value Investors Buy Now?
HEAR vs. ACIA: Which Stock Is the Better Value Option?
- Zacks•last month
Buy 5 Top-Ranked Stocks Picked on DuPont Analysis
Have more faith in DuPont analysis than simple ROE calculation? Bet on these five stocks.
- Zacks•last month
Arista Brings 400G Platforms to Transform Cloud Networking
Arista (ANET) intends to sustain healthy revenue growth and cash generation in 2019 and beyond on the back of industry-leading product offerings.
- InvestorPlace•last month
10 Stocks That Could Squeeze Short Sellers, Including CGC
Short selling, or selling borrowed shares of a stock with the hopes of buying it back later at a lower price, isn't easy. In theory, short sellers can experience unlimited losses due to a "short squeeze." For bears in stocks with heavy short interest, having your position squeezed represents a serious risk.In a short squeeze, better-than-expected news can lead a stock higher, which forces short sellers to cover their trades. If there are too many short sellers (or too few shares), it may trigger a margin call that sends the stock higher. Theoretically, a short squeeze can cause equities to outrun their fundamentals, moving the price much higher and sending shorts running for cover.For that some reason, some investors screen for stocks with heavy short interest as potential contrarian buying opportunities. Even large-cap bull plays such as Alibaba (NYSE:BABA) and Tesla (NASDAQ:TSLA) often rely, at least in part, on short-covering as a potential catalyst.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese 10 stocks all qualify as heavily shorted shares. By this definition, all 10 stocks to buy in this list have at least 20% of their float sold short, providing fuel for a squeeze. * 7 Cloud Stocks to Buy on Overcast Days All admittedly have some risk, which is why short-selling traders have targeted these stocks in the first place. All ten have the potential for bullish catalysts that could squeeze the shorts and create big gains for investors willing to take the other side of the trade. 10 Stocks Set Up for a Short Squeeze: RH (RH)Source: Shutterstock High-end furniture retailer RH (NYSE:RH) has been an epic battleground stock for several years now. For most of the past five years, over 20% of the company's shares have been sold short -- a figure that now sits at 34%. RH itself has countered by buying back $1.25 billion in stock in the last two years, which helped ignite an enormous rally from $20 in early 2017 to $160 in the middle of last year.Since then, however, the shorts have been on the right side of the trade. RH stock trades at an 11-month low and has dropped 38% from its 52-week high. As Luke Lango detailed last month, RH stock looks intriguing at these levels.Valuation is attractive, with RH trading at less than 11x next year's EPS estimates. The company's efforts to drive membership and build out high-end restaurants appear to show early results.The housing market and macro worries have had an impact, but at least in the near term, demand seems like it should remain at least stable. There's a solid fundamental case back near $100. And with short interest still above 30%, it may only take one good quarter to send RH soaring again. Brinker International (EAT)Source: Shutterstock Like RH, Chili's owner Brinker International (NYSE:EAT) has tried to fend off shorts in part by repurchasing shares. This decade alone, Brinker has reduced its share count by over 60%.But Brinker's strategy hasn't been quite as effective. EAT stock actually is down about 15% over the past five years, and including dividends, shareholders over that period have roughly broken even. And short sellers are taking increasing aim at the company, with roughly one-third of the float sold short at the moment.There is a seemingly solid short case here: I've actually sold the stock short myself, and I called EAT stock "toxic" last year. That said, Brinker has shown some signs of life lately. A slimmed-down menu has improved service and back of the house efficiency. Same-restaurant sales are improving. Food delivery represents a new potential revenue stream. And Brinker shares are cheap, with a forward P/E close to 10x and a dividend yield of 3.6%. * 7 Small-Cap Stocks That Make the Grade There are risks here, with a large debt load (driven in part by those share repurchases) and worries that consumer tastes are moving away from casual dining chains. But with such a large short float, and expectations low, a few more quarters like that last two could cause shorts to move on - and potentially push EAT back to recent highs above $50. Canopy Growth (CGC)Source: Shutterstock The most valuable marijuana stock, Canopy Growth (NYSE:CGC) unsurprisingly has attracted its share of short sellers -- 35% of the stock's float is sold short.To be sure, Canopy has a relatively thin float: only a little over one-third of its shares are freely traded. Notably, Constellation Brands (NYSE:STZ, NYSE:STZ.B) owns nearly 40% of the company after investing $4 billion last year. Still, short sellers have targeted CGC -- and surprisingly so given recent history.After all, smaller pot play Tilray (NASDAQ:TLRY) saw an epic short squeeze last year. And while CGC isn't going to see the same type of run -- at one point, TLRY doubled in four sessions -- more good news for the company, or more optimism toward the industry, could lead to a rush to a crowded exit.CGC already has had a good 2019, perhaps aided by short covering. There are enough traders still betting against Canopy Growth to keep the stock moving higher if the company, and the industry, keep posting impressive growth. SecureWorks (SCWX)Source: Shutterstock Cybersecurity provider SecureWorks (NASDAQ:SCWX) has about 30% of its float sold short … but here, too, the size of the float amplifies the role of short sellers. Dell Technologies (NASDAQ:DELL) owns some 85% of SecureWorks, meaning only a small slice of the available shares actually are traded.That thin float makes SCWX ripe for a short squeeze, and it's possible the stock already has seen a squeeze this year. Starting in late January, SCWX moved from $16 to $24 in just two weeks on essentially no news. The stock has given back some of the gains, driven in part by somewhat disappointing Q4 earnings, but there's still room for another spike higher.There's also an intriguing growth story here. I called out SCWX as a cybersecurity stock to watch back in early April. The sector is hot, and SecureWorks seems to have carved out an attractive niche in threat detection and response. In this market, and in that industry, a 3x price-to-revenue multiple is reasonable and leaves room for upside. * 10 Monthly Dividend Stocks to Buy to Pay the Bills With shorts potentially trapped if SCWX starts to move, it wouldn't take much for the stock to make another big run. LendingTree (TREE)Source: Shutterstock At this point, LendingTree (NASDAQ:TREE) looks like a trade, not an investment. But for investors willing to take the risk, the gains could be impressive. After all, TREE stock has made huge moves in recent years. It spent most of 2016 hovering around $100. After the U.S. presidential election (amid a roaring bull market), TREE took off. It touched $400 in late 2017, in part because 32% of shares outstanding were sold short at the beginning of the year. Twelve months later, roughly two-thirds of those shorts had capitulated.TREE gave back a good chunk of its gains last year, however, falling 50% at one point. But the rally has resumed: the stock has nearly doubled just since mid-December. And short interest is rising again.From a fundamental standpoint, TREE admittedly looks potentially overvalued at 40x 2020 consensus EPS estimates. But the chart looks attractive and 25% of the float is currently sold short.That's a lot of traders that will need to cover if the rally keeps going. Nimble traders, then, might see TREE as an ongoing squeeze and make a bet that 2019 will wind up looking much like 2017 did. BlueLinx Holdings (BXC)Source: Shutterstock Short sellers have piled into the bearish side of the trade on BlueLinx Holdings (NYSE:BXC). Short interest was basically zero at the beginning of 2018. In March of that year, BlueLinx merged with fellow building products distributor Cedar Creek. BXC stock soared, and kept soaring: it would close the first quarter up some 219%.The gains attracted bets against the stock, however, which have continued to rise. And there are worries here. Housing demand has been choppy of late. Bluelinx, like most distributors, still has low margins, and debt remains an issue for the combined company.But there's also a lot to like here. Bluelinx continues to hold quite a bit of valuable real estate -- some of which can be sold to pay down debt. Valuation is cheap, particularly with BXC well off September highs around $40. And with short interest rising, it doesn't take much to spike the stock: indeed, BXC rose 11.8% after a decent, but unspectacular, earnings report this week. * Are These 7 Dividend Aristocrats ETFs Fit for a King? Should performance stay decent -- or improve -- for the rest of the year, short sellers may regret their trade. Turtle Beach (HEAR)Source: Shutterstock Headset manufacturer Turtle Beach (NASDAQ:HEAR) seemed near the edge of bankruptcy in 2017. The company had a niche in gaming headsets but it also had quite a lot of debt and little, if any, growth.The rise of Fortnite, which hit video game stocks like Activision Blizzard (NASDAQ:ATVI), turned out to be a godsend for Turtle Beach. At one point, HEAR stock had risen 2,000 percent in 2018. But here, too, the big gains attracted short sellers, who bet that the growth driven by Fortnite would quickly fade and eventually reverse.That case made some sense and seemed confirmed by the company's seemingly disappointing guidance for 2019. But the selloff in HEAR looks like it has gone too far, one reason I sold puts on the stock earlier this year. Turtle Beach still is guiding for around $1 in EPS this year. That guidance was maintained after this week's first-quarter earnings report and suggests the stock is trading at around 10x earnings.Battle royale games still should drive demand going forward. Headsets sold to Fortnite players in 2018 will need to be replaced later this year and into 2020. Most notably, even if 2018 was a one-off performance, it had a long-term benefit: Turtle Beach has paid off its debt and retired preferred stock.The reaction to Q1 earnings -- HEAR initially jumped double-digits, but gave back its gains -- does undercut the case for a near-term squeeze. This likely is an argument over 2020 and beyond, and one not necessarily solved by earnings in 2019. But there's still a huge amount of shares sold short and a solid fundamental case for HEAR. That's an attractive combination at $10. Ubiquiti Networks (UBNT)Source: Shutterstock The question with networking pioneer Ubiquiti Networks (NASDAQ:UBNT) might be whether the short squeeze is over. UBNT has gone vertical this year, gaining 57% already in 2019. Shorts have scattered: short interest is at a five-year low at the moment.Again, due in part to a thin float, some 28% of the float is sold short. And there's more pressure coming. Ubiquiti continues to take market share. Growth is impressive, and there's no sign of letting up. * 7 Dangerous Dividend Stocks to Stay Far Away From At this point, one might think short sellers would have learned. Citron Research called Ubiquiti a "fraud" back in 2017. The stock since has nearly tripled. As long as Ubiquiti keeps performing, the remaining shorts may be in for similar pain. Tivity Health (TVTY)Source: Nutrisystem The decline in Tivity Health (NASDAQ:TVTY) truly has been stunning. In December, the company announced a $1.3 billion deal to acquire Nutrisystem, combining the diet provider with its own fitness programs (notably senior-focused SilverSneakers).By late March, TVTY had lost roughly $1 billion in market value. There was a case that Tivity overpaid but the amount and the speed of value destruction seemed far too high.TVTY has bounced 24% from its lows despite an 11% decline Thursday following first quarter results. But the quarter seems acceptable, albeit not spectacular, and the current valuation still leaves plenty of room for upside. TVTY still trades at less than 9x 2019 consensus EPS with more merger-related cost savings on the way in 2020.Short sellers don't see it that way: fully a quarter of Tivity's outstanding shares are sold short at the moment. And with Q2 earnings now three months off, investors may need some patience in waiting for a squeeze. But covering could drive TVTY higher in coming sessions. And if the company can validate its acquisition by integrating the two businesses and driving revenue synergies, that short interest could be fuel for a big rebound in TVTY shares. AMC Networks (AMCX)The market doesn't seem quite sure what to do with AMC Networks (NASDAQ:AMCX) - and I'm inclined to agree. I've owned AMCX stock in the past, generally aiming for $50 as a buy point. That's proven to be the low end of a range that's held for about three years now, with AMCX mostly moving between $50 and $65.At $55, AMCX is toward the middle of that range and quite a few traders see it as overvalued. Some 20% of shares outstanding, and 25% of the float, are sold short. It's not hard to see the bear case. Flagship franchise The Walking Dead has seen ratings fall steadily. Cord-cutting and the rise of streaming services like Netflix (NASDAQ:NFLX) present risks to viewership and ad dollars.That said, AMCX is awfully cheap, at about 6.5x 2019 EPS estimates. There's still a case that a larger media company could look to buy the company out; even a rumor could lead shorts to cover and AMCX stock to spike. AMC Networks, too, has been aggressive in repurchasing shares, further tightening the float and creating the potential for a squeeze. * 5 Reasons General Electric Stock Is a Value Trap For now, AMCX looks like a trading stock, as it's been for the past few years. But with valuation reasonable, it's a trading stock worth a look on a fundamental basis as well.As of this writing, Vince Martin is long shares of Dell Inc., has a bullish options position in Turtle Beach, and has a bearish options position in Tesla. He has no positions in any other securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post 10 Stocks That Could Squeeze Short Sellers, Including CGC appeared first on InvestorPlace.
- Benzinga•last month
Sell-Side Likes Turtle Beach Earnings, Future In Battle Royale World
Wall Street analysts continue to like gaming headset maker Turtle Beach Corp (NASDAQ: HEAR), even as investors were selling the stock Thursday morning following a first-quarter revenue and earnings beat. Analysts acknowledge an expected 2019 revenue drop after a big 2018, but say the large and growing market of gamers playing multiplayer “battle royale” games isn’t going away and will boost the company in the long run.
Motley Fool•last monthTurtle Beach Corp (HEAR) Q1 2019 Earnings Call Transcript
HEAR earnings call for the period ending March 31, 2019.
- Zacks•last month
Turtle Beach (HEAR) Q1 Earnings and Revenues Surpass Estimates
Turtle Beach (HEAR) delivered earnings and revenue surprises of 333.33% and 7.54%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press•last month
Turtle Beach: 1Q Earnings Snapshot
On a per-share basis, the San Diego-based company said it had profit of 9 cents. Earnings, adjusted for one-time gains and costs, were 13 cents per share. The results exceeded Wall Street expectations. ...
- MarketWatch•last month
Turtle Beach stock rises after earnings beat
Turtle Beach Corp. shares rose more than 6% in the extended session Wednesday after it beat earnings and revenue expectations. The company reported first-quarter net income of $3.1 million, or 9 cents a share, compared with $2 million, or 16 cents a share, in the year-ago period. Adjusted for acquisition integration costs, earnings were 13 cents a share. Revenue rose to $44.8 million from $40.9 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 3 cents a share on revenue of $41.8 million. For the second quarter, analysts model adjusted earnings of 4 cents a share and revenue of $44.3 million. Turtle Beach stock has gained 38% in the past year, with the S&P 500 index rising 8%.
- Benzinga•last month
Turtle Beach Trades Higher After Q1 Earnings Beat
Turtle Beach Corp (NASDAQ: HEAR) shares are higher after reporting a first-quarter earnings beat Wednesday after the close. "We reported another record quarter of revenue growth, which, combined with strong prior year receivables, allowed us to grow our cash position to all-time highs with zero debt," said CEO Juergen Stark. "Following a year of unprecedented growth, we continue to expect that industry-wide sales of console gaming headsets will decline year-over-year in 2019, but also believe that the base of gamers seeking high-quality headsets for both console and PC has never been higher and will lead to resumed growth in 2020 and beyond," Stark said in the press release.
