Welcome to our dedicated page for Clarivate news (Ticker: CLVT), a resource for investors and traders seeking the latest updates and insights on Clarivate stock.
Clarivate Plc reports developments in data, analytics and workflow software for academia and government, intellectual property, and life sciences and healthcare. Its news commonly covers earnings, subscription and recurring revenue trends, cash flow and leverage actions, and progress under its operating improvement initiatives.
Company updates also focus on AI-enabled research and decision-support products, including Web of Science Research Intelligence, Nexus Connect, Cortellis Regulatory Intelligence, Derwent-based patent analytics and other Clarivate data assets. Recurring announcements address institutional research intelligence, academic library workflows, regulatory intelligence for life sciences teams, intellectual property benchmarks and investor conference appearances.
Clarivate Plc (NYSE: CLVT) has been selected for the second consecutive time to provide citation data for the Australian Research Council's Excellence in Research for Australia (ERA) 2023. This initiative aims to evaluate research excellence across Australian universities. Utilizing The Web of Science™, Clarivate will support the ARC in assessing research quality through citation indicators and peer reviews. Clarivate has been involved with ERA since its inception in 2010, continually implementing improvements to enhance research evaluations.
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Clarivate Plc (NYSE: CLVT) has released its 2022 Journal Citation Reports (JCR), highlighting ongoing increases in citation impact for journals publishing COVID-19 research. Notably, The Lancet now holds the top Journal Impact Factor of 202.731, surpassing the New England Journal of Medicine, while Nature becomes the first journal to exceed one million citations in a year. The JCR assesses over 21,000 journals with rigorous criteria, emphasizing the profound influence of COVID-19 on academic publishing.
Clarivate Plc (NYSE: CLVT) announced that Jerre Stead and Jonathan Collins will present at investor conferences in June 2022. Key dates include the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 9:10 AM ET, and the William Blair’s 42nd Annual Growth Stock Conference on June 9, 2022, at 2:20 PM ET. Live webcasts will be available for both events, with replays accessible afterwards. Clarivate aims to provide solutions that accelerate innovation across various sectors, including Life Sciences and Technology.
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Clarivate Plc (NYSE:CLVT; CLVT PR A) announced a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares. This dividend will be paid in cash on June 1, 2022, to shareholders of record as of May 13, 2022. This decision reflects the company's commitment to returning value to its shareholders while maintaining its focus on providing trusted information and insights that accelerate innovation.
Clarivate Plc (CLVT) reported strong financial results for Q1 2022, with revenues soaring to $662.2 million, a 54.6% increase year-over-year. Organic revenues rose 4.4%, while net income improved by $106.8 million to $50.8 million. Adjusted EBITDA also saw significant growth, up 59.2% to $262.3 million. Subscription revenues increased 69%, driven by the ProQuest acquisition. However, net cash provided by operating activities decreased by 61.3% to $67.4 million, primarily due to payroll payments. The company reaffirmed its positive outlook for 2022.
Clarivate Plc (NYSE:CLVT) released a new report detailing the evolving trademark landscape influenced by technological advancements like NFTs, metaverse, and cryptocurrency. Key findings reveal a nearly 9,000% increase in NFT-related trademark applications since 2018, with Class 9 filings rising to the second position globally in 2021. Despite overall growth in trademark filings for the 10th consecutive year, filings in Class 10 decreased by 22%. The report emphasizes the significance of intellectual property management in a competitive digital market.
Clarivate Plc (NYSE: CLVT) announced it will report its first quarter 2022 financial results on May 9, 2022, before market opens. Investors can access the press release and earnings supplement on the company's investor website at ir.clarivate.com.
A conference call and webcast will take place on the same day at 9:00 AM Eastern Time to discuss the results. Interested parties can join via phone or through the webcast link provided. An audio replay will be available shortly after the call, accessible until May 23, 2022.
Clarivate Plc (NYSE: CLVT) has announced the winners of its 2021 Revenue Cycle Awards, recognizing healthcare organizations for outstanding performance in revenue cycle KPIs. Winners include Liberty Hospital, four Ardent Health Services hospitals, University of Iowa Hospitals & Clinics, and Novant Health. These organizations showcased resilience amid challenges from the COVID-19 pandemic, improving efficiency and patient experience. Key achievements were noted in metrics like collection rates, billing accuracy, and staff engagement. The awards program aims to highlight exemplary revenue cycle management in the healthcare sector.