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Clarivate Plc (NYSE: CLVT) |
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Price: $3.3900
$-0.05 
-1.453%
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| Day's High:
| $3.49
| Week Perf:
| 5.94 %
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| Day's Low: |
$ 3.38 |
30 Day Perf: |
-21.35 % |
| Volume (M): |
2,667 |
52 Wk High: |
$ 7.31 |
| Volume (M$): |
$ 9,042 |
52 Wk Avg: |
$5.63 |
| Open: |
$3.45 |
52 Wk Low: |
$3.04 |
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| Market Capitalization (Millions $) |
2,359 |
| Shares
Outstanding (Millions) |
696 |
| Employees |
12,000 |
| Revenues (TTM) (Millions $) |
2,557 |
| Net Income (TTM) (Millions $) |
-637 |
| Cash Flow (TTM) (Millions $) |
-76 |
| Capital Exp. (TTM) (Millions $) |
289 |
Clarivate Plc
Clarivate Plc is a global information services company that provides analytical tools and intelligence to accelerate innovation and scientific research. The company was formed in October 2016 by the merger of Thomson Reuters' Intellectual Property and Science business with private equity firm Onex Corporation's portfolio company, the intellectual property solutions provider, Clarivate Analytics. The company is listed on the New York Stock Exchange (NYSE) under the ticker symbol "CLVT". Clarivate Plc has its headquarters in London, United Kingdom, and operates globally with over 8,000 employees across more than 40 countries.
Clarivate Plc's expertise is in providing its customers with high-quality, reliable data and analytics that help them make more informed decisions in their research, intellectual property and life sciences work. Its solutions span across four primary areas: Science and Academia, Intellectual Property, Life Sciences and Corporate. Its products and services include Web of Science, the world's largest curated collection of scientific research data; Derwent World Patents Index, the world's most trusted patent research resource, and many others.
Clarivate Plc has a strong focus on innovation and technology, with extensive experience in managing large-scale databases of scientific and patent information, providing strategic insights, analytics, and expertise to governments, academic institutions, and businesses. The company's proprietary analytics software combines artificial intelligence and deep learning to provide its customers with a comprehensive suite of solutions that help them stay ahead of trends, protect their intellectual property, manage risk and make better-informed decisions.
Clarivate Plc is also known for its commitment to social responsibility and is dedicated to making a positive impact on communities globally. The company engages in philanthropic endeavors, including partnering with organizations like the World Intellectual Property Organization (WIPO) and the United Nations Development Programme (UNDP) to promote innovation and economic growth for underserved communities.
In summary, Clarivate Plc is a leading information services company that combines data, analytics, and expertise to provide its customers with high-quality insights and intelligence across various industries. Its ability to stay ahead of trends, coupled with its commitment to innovation, technology, and corporate responsibility, makes it a highly respected and sought-after partner for businesses, governments, and academic institutions around the world.
Company Address: 70 St. Mary Axe London 0
Company Phone Number: 4334000 Stock Exchange / Ticker: NYSE CLVT
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| Stock Performances by Major Competitors |
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| Clarivate Plc
Clarivate Plc: Navigating Turbulent Waters ? A Bearish Perspective
In a landscape where many companies within the cloud computing and data analytics sector are enjoying a resurgence, Clarivate Plc (NYSE: CLVT) is charting a different course. The company recently announced a chilling performance for the period spanning April to June 30, 2024, raising substantial concerns about its short- and long-term viability. With a revenue decline of 2.766%, resulting in $650.30 million, and an alarming net deficit of $304.300 million, it is clear that Clarivate is facing formidable challenges that could have significant ramifications for shareholders and stakeholders alike.
Revenue Decline and Increased Deficits
Despite the broader industry witnessing a 3.88% uptick in revenue compared to Q2 2023, Clarivate's failure to capitalize on this growth should serve as a wake-up call. The company?s revenue decreased $650.30 million, leading to a deficit per share that has ballooned to $-0.46, worsening from a loss of $-0.21 per share in the same quarter last year. This troubling trend nearly triples the company?s net loss when compared to the previous year?s $-123.100 million, reflecting deteriorating operational efficiency and market competitiveness.
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| Stock Offering
Published Thu, May 30 2024 9:15 PM UTC
Clarivate Plc Announces Conversion Date and Rate for Series A Mandatory Convertible Preferred Shares
On May 30, 2024, Clarivate Plc made a significant announcement regarding its Series A Mandatory Convertible Preferred Shares. The global provider of transformative intelligence revealed that its 5.25% Preferred Shares would undergo automatic and mandatory conversion on a ...
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| Clarivate Plc
In the first quarter of 2024, Clarivate Plc, a leading global provider of transformative intelligence, faced a challenging financial period as depleting orders and declining revenue led to a deficit. The company reported a -1.256% decline in revenue, amounting to $621.20 million, compared to the previous year's reporting season. Additionally, the loss per share stood at $-0.14, a considerable decrease compared to the $0.04 per share achieved in the corresponding period a year ago.
Declining Revenue and Loss per Share
Clarivate Plc witnessed a deteriorating financial performance as its revenue declined by -1.256% to $621.20 million in the first quarter of 2024. This decline further reflects a -9.141% contraction in revenue compared to the reporting season a year ago, which stood at $683.70 million. Consequently, the company's loss per share increased to $-0.14, a significant setback compared to the $0.04 per share achieved in the previous reporting season.
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| Clarivate Plc
Clarivate Plc stock has shown positive growth over the past 30 days, improving by 1.24%. This growth continues a positive trend for the company, as the stock has increased by 24.69% in the past 90 days. Currently, Clarivate Plc stock is trading on the NYSE at a price that is 8.1% above its 52-week average.
However, the company's financial performance in the fourth quarter of 2023 paints a different picture. Clarivate Plc posted a loss per stock of $-1.30 per share, compared to $0.43 per share in the same quarter the previous year. This represents a significant decline in earnings. Furthermore, the loss increased from $-0.01 per share from the prior quarter, indicating a worsening financial situation.
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| Clarivate Plc
Clarivate Plc, the renowned Cloud Computing & Data Analytics company, has made significant strides in the stock market as it reports impressive financial performance for the third quarter of 2023. Despite a challenging economic backdrop, the company has managed to decrease its losses, increase its revenue, and improve its profit margins. This article delves into the intriguing facts surrounding Clarivate Plc's recent financial report and its positive impact on the stock market.
Profitability Improvements
One of the most remarkable achievements of Clarivate Plc is the reduction in loss per share. Comparing the third quarter of 2023 to the same period a year ago, the company decreased its loss per share from $-6.64 to $-0.01?an astounding improvement. Moreover, the company showed an impressive recovery in terms of net profits. In the third quarter of 2023, Clarivate Plc recorded net profits of $12.3 million, marking a significant progression from a net deficit of $-4,415.5 million in the corresponding reporting period a year earlier. These positive indicators bode well for investors and instill confidence in Clarivate Plc's financial stability.
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| Per Share |
Current |
| Earnings (TTM) |
-0.95 $ |
| Revenues (TTM) |
3.67 $
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| Cash Flow (TTM) |
- |
| Cash |
0.42 $
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| Book Value |
7.39 $
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| Dividend (TTM) |
0.05 $ |
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| Per Share |
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| Earnings (TTM) |
-0.95 $
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| Revenues (TTM) |
3.67 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.42 $
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| Book Value |
7.39 $ |
| Dividend (TTM) |
0.05 $ |
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| Subscription revenues |
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 66.07 % |
of total Revenue |
| Re-occurring |
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17.15 % |
of total Revenue |
| Transactional and other revenues |
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16.78 % |
of total Revenue |
| Academia Government |
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51.64 % |
of total Revenue |
| Intellectual Property |
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32.11 % |
of total Revenue |
| Life Sciences Healthcare |
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16.25 % |
of total Revenue |
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0.82%