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In a challenging market environment, shares of Clarivate Plc (CLVT) have reached a 52-week low, dipping to $3.96. According to InvestingPro analysis, the company, with a market capitalization of $2.75 billion, appears undervalued at current levels. The analytics and solutions company, which specializes in intellectual property and scientific information, has seen its stock price struggle significantly over the past year, reflecting a broader trend of investor caution. Despite the challenging environment, the company maintains impressive gross profit margins of 66% and generates annual revenue of $2.56 billion. The 52-week low marks a stark contrast to the company’s performance in the previous year, with Calgon Carbon Corp (NYSE:CLVT), a part of Clarivate, witnessing a 1-year change of -46.25%. This downturn highlights the volatility faced by the sector and the impact of macroeconomic factors influencing investor sentiment. For deeper insights and 14 additional key ProTips about CLVT, including detailed valuation metrics, visit InvestingPro.
In other recent news, Clarivate PLC reported its fourth-quarter results for 2024, revealing an adjusted diluted earnings per share (EPS) of $0.21, slightly surpassing the expected $0.20. However, the company’s revenue fell short, coming in at $663 million against the anticipated $670.96 million. For the full year, Clarivate achieved a revenue of $2.56 billion with an adjusted diluted EPS of $0.73. Looking ahead, the company projects its 2025 revenue to be approximately $2.34 billion, with an EPS range of $0.60 to $0.70.
In other developments, Clarivate announced that board member Michael J. Angelakis will retire effective May 7, 2025. This announcement was made via a filing with the U.S. Securities and Exchange Commission, though no successor has been named yet. The company emphasized that Angelakis’s departure was amicable and not due to any disputes. Investors are advised to monitor further announcements from Clarivate regarding any changes in the board’s composition.
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