QuarterHawk — Equity ResearchQuarterHawk — Equity Research

Forrester Research, Inc. (FORR)

Industrials

No action
Fundamental
3
Sentiment
2
Technical
2

Do Nothing: no run-date source in a partial cached run (runDate absent; inherited currentDate 2026-09-09 untrusted) so chart and event windows cannot be anchored; independently, qualitativeScore 2 is below the required floor of 3 and liquidity fails both floors (20-day avg dollar volume ≈ $1.09M vs $5M; recent 3-session ≈ $1.22M vs $1.5M).

Analysis as of 2026-09-09· more than 2 trading days ago

Company overview

Forrester Research, Inc. provides research and advisory services through its Research, Consulting, and Events divisions. The company offers subscription-based research insights, conducts client-specific consulting projects, and hosts conferences on various business and technology topics. Forrester serves clients globally with a focus on enhancing customer experience and technology adoption.

Fundamental

fair
Fundamental3
Mixed fundamentals

Forrester's liquidity is solid, but declining revenue and profitability challenges keep the fundamentals mixed.

FundamentalScore 3/5 (Mixed): The balance sheet is liquid and leverage appears manageable (as of 2026-06-30: ~$130.8M cash + marketable investments vs ~$35.0M borrowings; no going-concern language). The stock also looks inexpensive on EV/Sales (~0.61) with a positive trailing free-cash-flow yield (~7.86%). Offsetting this, revenue has been declining for several years (FY2025 -8% YoY; FY2026 guidance implies further contraction) and profitability remains weak/volatile with recurring impairment and restructuring, reflected in a sub-1.8 Altman Z-score (~1.60) and negative interest coverage on trailing results.

Sentiment

weak
Sentiment2
Flat sentiment

Media and retail sentiment are neutral with no significant catalysts or engagement.

Forrester Research presents an Absent short-term setup: the 14-day tape is determinate but flat (baseline polarity 0.00 vs scoring +0.03), dominated by the company's own research blogs and third-party vendor "Wave" citations, with no forward-dated or recently-triggered actionable catalyst (the Q2 beat is six weeks trailing and fully digested). Reddit is silent, the legal/regulatory screen is clean, and no red-flag caps apply — the next real trigger is an as-yet-undated Q3 earnings print.

Technical

weak
Technical2
Strong trend, no action

Despite a strong uptrend, technical action is blocked by liquidity and data limitations.

The raw chart read is strong — price (12.04) sits above the SMA20 (11.94), SMA50 (10.90) and SMA200 (7.80) in a well-established multi-month uptrend, ADX14 at 53.83 signals a powerful trend, RSI14 cooled to 55.90 after peaking at 67.3, and the two-day dip from the 12.75 high toward the EMA21/SMA20 zone resembles a healthy pullback. However, this run is a partial cached input with no runDate, so the read cannot be trusted as a claim about the current market, and the qualitative override (qualitativeScore 2 < 3) plus the liquidity floors independently hard-block any entry. Per the stale-feed gate the technicalScore is capped at 2.

You’re looking at 2026-09-09 — more than 2 trading days ago.

Subscribers saw this then, and see today’s score, verdict and trade plan now.

Not financial advice. For informational and educational purposes only.