Clarivate Plc Stock Price, News & Analysis

Clarivate Plc (NYSE:CLVT) has launched its annual report, The Annual G20 Scorecard – Research Performance 2022, showcasing the research performance of G20 nations. Published by the Institute for Scientific Information, the report is timed with the G20 Summit in Bali. Key findings reveal that Australia maintains the highest international impact, while China's output has tripled. Saudi Arabia sees significant international collaboration, and South Korea leads in research expenditure. The UK and US demonstrate strong research impacts, with a notable focus on domestic and collaborative work.

On November 16, 2022, Clarivate Plc (NYSE: CLVT) announced a strategic partnership with IPwe Inc. to lead the digital transformation of intellectual property through advanced blockchain technology and AI. This collaboration aims to combine Clarivate's patent data with IPwe's Smart Intangible Asset Management platform, enhancing the validation and management of patent portfolios. By tokenizing patents, IPwe seeks to improve transparency and reduce transaction friction in the IP market. This partnership is expected to provide customers with a data-driven approach to managing intangible assets.

Clarivate Plc (NYSE: CLVT) announced the 2022 list of Highly Cited Researchers, recognizing 6,938 researchers worldwide for significant contributions across various fields. The U.S. leads with 2,764 researchers but has seen a gradual decrease in share since 2018. Mainland China is rapidly closing the gap, now with 1,169 researchers. Clarivate has enhanced its analysis to prevent research misconduct, ensuring the list reflects genuine influence. Notable findings include 7,225 total awards across disciplines, highlighting the global diversity of research excellence.

On November 9, 2022, Clarivate Plc (NYSE: CLVT) announced that CEO Jonathan Gear and CFO Jonathan Collins will present at the RBC Capital Markets 2022 Technology, Internet, Media and Telecommunications Conference on November 15, 2022, at 1:25 PM Eastern Time. A live webcast of the presentation will be available here and can be replayed later. Clarivate specializes in information and insights to expedite innovation across various sectors.

On November 8, 2022, Clarivate Plc (NYSE: CLVT; CLVT PR A) declared a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares. This dividend is payable in cash on December 1, 2022 to shareholders recorded as of the close of business on November 15, 2022. Clarivate continues to affirm its commitment to delivering value to its shareholders through consistent dividend payments.

Clarivate reported Q3 2022 revenues of $635.7 million, marking a 43.8% increase, driven by the acquisition of ProQuest. However, a significant non-cash goodwill impairment led to a net loss of $4,434.4 million, with a net loss per share of $6.64. Organic revenue growth was 1.2%, with subscription revenues rising 65.6%, but transactional revenues declined 9.4%. Adjusted net income was $143.7 million, up 26.5%. The company generated $372.4 million in cash from operations.

Clarivate Plc (NYSE: CLVT) announced a settlement with OCLC regarding allegations of misconduct, which Clarivate firmly denies. The agreement emphasizes the importance of collaborative platforms for bibliographic records, with Clarivate agreeing to not develop a MARC records exchange system that conflicts with OCLC's policies. This settlement is aimed at supporting the goals of open research and data exchange, facilitating a more efficient research process. Clarivate will cover its own legal fees related to this settlement.

Newfold Digital has successfully acquired MarkMonitor™, an enterprise-level domain management provider, from Clarivate Plc (NYSE:CLVT) as of November 1, 2022. The acquisition enhances Newfold's capabilities in establishing and protecting online presence for businesses. CEO Sharon Rowlands emphasized MarkMonitor’s expertise and commitment to security, aiming for ongoing improvements in customer service. This is part of Newfold's strategy to expand its product offerings and enhance customer experience across its global operations.

On November 1, 2022, Clarivate Plc (NYSE:CLVT) announced the successful divestiture of MarkMonitor™ to Newfold Digital for $302.5 million. This strategic move allows Clarivate to concentrate on its core intellectual property portfolio. The net cash proceeds will aid in reducing outstanding debt, enhancing the company's financial position. The deal was previously announced on September 12, 2022, and aligns with Clarivate's mission to accelerate innovation through focused investments.