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CAMBRIDGE, MA - Forrester Research , Inc. (NASDAQ:FORR), currently trading at $10 per share with a market cap of $193 million, announced today that its stockholders have approved all proposed items during the Annual Meeting held on Tuesday. According to InvestingPro analysis, the company maintains a strong balance sheet with more cash than debt, despite recent market challenges. The stockholders elected six nominees to the company’s Board of Directors and ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, the executive compensation for the company was approved through a non-binding vote. InvestingPro data shows management’s commitment to shareholder value through aggressive share buybacks, despite the company’s stock declining nearly 40% over the past six months.
The six board members, whose names had been listed in the definitive proxy statement, were elected with a significant majority. The detailed vote count for each nominee included a number of withheld votes and broker non-votes, but the "for" votes far outnumbered these in every case.
The ratification of PricewaterhouseCoopers LLP saw an overwhelming number of "for" votes, with few against and abstentions, and no broker non-votes. The approval of executive compensation also received a strong affirmative vote, though it included more against and abstaining votes compared to the other proposals.
This information is based on a press release statement from Forrester Research, Inc. and provides a snapshot of the company’s governance outcomes as determined by its stockholders’ votes. While currently showing impressive gross profit margins of 58%, InvestingPro analysis indicates the stock is trading below its Fair Value, with analysts projecting a return to profitability this year. For deeper insights into Forrester’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Forrester Research Inc. reported its first-quarter 2025 earnings, revealing an earnings per share (EPS) of $0.11, which exceeded analysts’ expectations of $0.08. The company’s revenue, however, fell slightly short of projections, coming in at $89.9 million against the anticipated $90.27 million. Despite the revenue miss, Forrester’s operating expenses and headcount both decreased by 10% and 11%, respectively, indicating effective cost management. The company introduced new AI-focused products and services, positioning itself as a leader in AI research. Forrester also provided guidance for 2025, expecting revenue between $400 million and $415 million, representing a 4-8% decline, with anticipated operating margins of 8-9%. The company faced challenges due to economic uncertainty and tariffs impacting client behavior, particularly in Asia and Europe. Analysts from firms such as William Blair and Sidoti noted the company’s resilience amid these challenges, while also highlighting the prolonged sales cycles and the need for strategic focus on government and state opportunities.
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