Why Clarivate Plc (CLVT) Soared on Tuesday
We recently published an article titled Why These 10 Stocks Soared Today . 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.
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Clarivate Plc (NYSE:CLVT)
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: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires .
Disclosure: None. This article is originally published at Insider Monkey .