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November 23, 2009 9:34 PM ET

Forrester Research Inc.

(FORR:NASDAQ)

LAST $25.70 USD
CHANGE TODAY +0.68 2.72%
VOLUME 215.1K
As of 4:00 PM 11/23/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Forrester Research Inc. (FORR)

OPEN
$25.21
PREVIOUS CLOSE
$25.02
DAY HIGH
$25.94
DAY LOW
$25.21
52 WEEK HIGH
12/31/08 - $28.70
52 WEEK LOW
03/6/09 - $16.21
MARKET CAP
577.3M
AVERAGE VOLUME 3 mo
112.1K
DILUTED EPS TTM
$0.96
SHARES OUTSTANDING
22.5M
FORR Does Not Pay Dividends
P/E TTM
26.7x
K = Thousands  M = Millions  B = Billions

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FORR Details

Forrester Research, Inc., an independent research company, provides pragmatic and forward-thinking advice to business and technology customers worldwide. It offers its products and services to senior management, business strategists, and marketing and information technology professionals. The company’s principal syndicated research product, RoleView Research, provides clients with access to its syndicated research to inform their strategic decision-making. The RoleView consists of library of cross-linked documents that interconnects reports, data, product rankings, best practices, evaluation tools, and research archives. Its Data products and services focus on consumers’ and business users’ attitudes and behavior toward technology, including ownership, future purchases, and adoption trends. The company provides Consumer Technographics, a research that provides organizations and their leaders understand how consumers buy, think about, and use technology. Forrester Research also offers business data services, a quantitative research program, which provides assessments of what motivates businesses to choose certain technologies and vendors over others. In addition, the company offers research-based advisory and project consulting services, which assist clients in developing executing technology and business strategy, informing critical decisions and reducing business risk, and making technology investments. These services also offer Web site reviews that provide targeted, action-oriented assessments of clients’ Web sites, extranets, or Intranets. Further, it offers Forrester Leadership Boards, a membership program for executives and other key employees to participate in Chief Information Officer Group, the Chief Marketing Officer Group, and various IT, marketing, and executive programs and councils addressing issues of interest to the professional roles. The company was founded in 1983 and is headquartered in Cambridge, Massachusetts.

FORR Top Compensated Officers

Founder, Chairman of the Board and Chief Exec...
Age: 55
Total Annual Compensation: $310.0K
Chief Financial Officer, Principal Accounting...
Age: 53
Total Annual Compensation: $341.5K
Chief Operating Officer
Age: 36
Total Annual Compensation: $290.0K
Chief Europe, Middle East & Africa (EMEA) Off...
Age: 44
Total Annual Compensation: $267.6K
Managing Director of Information Technology C...
Age: 40
Total Annual Compensation: $230.0K
Compensation as of Fiscal Year 2008.

Key developments for Forrester Research Inc. (FORR)

Forrester Research Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Earnings Guidance for the Full Year of 2009

Forrester Research Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total revenues of $53.881 million, income from operations of $7.950 million, income from operations before income tax provision of $7.678 million and net income of $4.300 million or $0.19 per diluted share against revenues of $59.506 million, income from operations of $8.595 million, income from operations before income tax provision of $10.068 million and net income of $6.388 million or $0.27 per diluted share for the same period last year. On a pro forma basis, net income was $6.2 million, or $0.27 per diluted share, for the third quarter of 2009, which reflects a pro forma effective tax rate of 40%. This compares with pro forma net income of $7.4 million, or $0.31 per diluted share, for the same period in 2008. For the nine months, the company reported total revenues of $171.866 million, income from operations of $23.353 million, income from operations before income tax provision of $23.852 million and net income of $13.083 million or $0.57 per diluted share against revenues of $177.954 million, income from operations of $25.568 million, income from operations before income tax provision of $32.925 million and net income of $20.061 million or $0.85 per diluted share for the same period last year. Net cash provided by operating activities was $36.469 million against $40.353 million last year. Purchases of property and equipment were $3.464 million against $2.730 million last year. The company expects the total revenues of approximately $230 million to $233 million for the year of 2009, operating margin of approximately 13% to 14%, other income of approximately $2.7 million and diluted earnings per share of approximately $0.80 to $0.87. The company expects pro forma operating margin of approximately 16% to 18% and pro forma diluted earnings per share of approximately $0.26 to $0.30.

Forrester Research Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).

Forrester Research Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).

Forrester Research Inc., Q3 2009 Earnings Call, Oct-29-2009

Forrester Research Inc., Q3 2009 Earnings Call, Oct 29 2009

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FORR Competitors

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Industry Analysis

Valuation FORR Industry Range
Price/Earnings 25.9x
Price/Sales 2.4x
Price/Book 1.8x
Price/Cash Flow 19.2x
TEV/Sales 1.2x

FORR

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