Latest news with #CLVT
Yahoo
4 days ago
- Business
- Yahoo
Clarivate Secures Major Multi-Year Partnership with Canadian Universities
Clarivate (NYSE:CLVT) is one of the best mid cap growth stocks to invest in now. Earlier on June 3, Clarivate announced a multi-year partnership with the Canadian Research Knowledge Network/CRKN. The agreement grants 55 Canadian universities expanded access to Clarivate's Web of Science platform to foster inter-member research collaborations and enhance the accessibility of Web of Science content for all participating institutions. The Web of Science platform is renowned for its Web of Science Core Collection, which serves as the world's first and most trusted publisher-neutral citation index. The platform streamlines the discovery of diverse content, such as leading journals, conference papers, books, dissertations, theses, datasets, patents, preprints, awarded grants, and policy documents. A state-of-the-art computer lab filled with engineers working on new analytics technologies. Under the new agreement, CRKN members will gain extended access to the Web of Science API, which will enable researchers to use the rich metadata for their projects. Additionally, access to the Derwent Innovations Index and the Policy Citation Index will allow members to better understand the societal impact of their research outputs. Clarivate (NYSE:CLVT) is a global information services provider. It operates through 3 segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. CRKN is a consortium that comprises libraries and research institutions across Canada. While we acknowledge the potential of CLVT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-05-2025
- Business
- Yahoo
Why Clarivate Plc (CLVT) Soared on Tuesday
We recently published an article titled . In this article, we are going to take a look at where Clarivate Plc (NYSE:CLVT) stands against the other stocks that soared on Tuesday. The stock market finished Tuesday's trading on a positive note with all major indices ending in the green, buoyed by the influx of corporate earnings results. The Dow Jones grew by 0.75 percent, the S&P 500 rose by 0.58 percent, and the Nasdaq was up by 0.55 percent. Ten companies mirrored the broader market optimism, leading the charge with strong gains, predominantly driven by impressive earnings results. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A state-of-the-art computer lab filled with engineers working on new analytics technologies. Clarivate Plc (NYSE:CLVT) saw its share prices jump by 17.27 percent on Tuesday to end at $4.21 apiece as investor sentiment was buoyed by the company's maintained outlook for the full year despite posting dismal earnings performance in the first quarter. In its latest earnings release, Clarivate Plc (NYSE:CLVT) said that it was maintaining its full-year outlook of between $2.28 billion and $2.4 billion in revenues, with adjusted EBITDA of $940 million to $1 billion. In contrast, the company widened its net loss in the first quarter of the year by 38.5 percent to $103.9 million from $75 million year-on-year, as revenues dropped by 4.4 percent to $593.7 million from $621.2 million. Total revenues decreased primarily due to inorganic divestitures, disposals, and foreign currency translation impacts. Organic revenues, on the other hand, increased by 0.3 percent. Overall CLVT ranks 3rd on our list of the stocks that soared on Tuesday. While we acknowledge the potential of CLVT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CLVT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
