Forrester Research (FORR) Getting Somewhat Favorable Media Coverage, Study Shows
Media coverage about Forrester Research (NASDAQ:FORR) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Forrester Research earned a news impact score of 0.18 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.5668302328067 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- Forrester Research : Kitewheel Cited as a Leader in Customer Journey Analytics Orchestration and Visioning (4-traders.com)
- Forrester Research, Inc. breached its 50 day moving average in a Bearish Manner : FORR-US : September 15, 2017 (finance.yahoo.com)
- Squirro Included in Independent Research Firm’s Vendor Landscape Report on Cognitive Operations (pressreleases.responsesource.com)
- Forrester names MicroStrategy a leader in enterprise BI Platforms Report (logisticsit.com)
- Independent Research Firm Names 1010data a Leader in Enterprise Business Intelligence Platforms With Majority Cloud Deployments (enhancedonlinenews.com)
Shares of Forrester Research (NASDAQ:FORR) opened at 39.55 on Monday. The company has a 50-day moving average price of $40.12 and a 200 day moving average price of $39.54. Forrester Research has a 52 week low of $34.95 and a 52 week high of $44.40. The stock has a market capitalization of $701.34 million, a PE ratio of 40.36 and a beta of 0.42.
Forrester Research (NASDAQ:FORR) last issued its earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The business had revenue of $89.70 million during the quarter, compared to analyst estimates of $87.51 million. Forrester Research had a return on equity of 13.00% and a net margin of 5.49%. Forrester Research’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS. Equities analysts forecast that Forrester Research will post $1.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, September 5th. Forrester Research’s dividend payout ratio (DPR) is presently 77.55%.
A number of brokerages recently commented on FORR. Zacks Investment Research downgraded Forrester Research from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub upgraded Forrester Research from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th.
In other Forrester Research news, Director Henk Broeders sold 11,300 shares of Forrester Research stock in a transaction on Monday, August 7th. The stock was sold at an average price of $41.00, for a total transaction of $463,300.00. Following the completion of the sale, the director now directly owns 28,762 shares of the company’s stock, valued at approximately $1,179,242. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Welles sold 2,300 shares of Forrester Research stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $40.00, for a total value of $92,000.00. Following the sale, the director now directly owns 19,736 shares of the company’s stock, valued at $789,440. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,196 shares of company stock valued at $3,028,623. 44.30% of the stock is currently owned by corporate insiders.
Forrester Research Company Profile
Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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