Air Force Awards Forrester $5.7M Enterprise Research Deal
FORR has more than doubled off its 52-week low of $4.88.
Summary
Forrester secured a $5.7 million enterprise agreement with the Department of the Air Force, providing over 2,300 personnel access to its research, advisory, and AI-enabled insights. The deal streamlines procurement across Major Commands and supports the DAF's modernization and AI decision-making push. This follows a strong Q2 where Forrester beat estimates with $100.2M revenue and $0.78 EPS, and reaffirmed full-year guidance. The contract adds a notable public-sector win, diversifying revenue and validating the firm's AI platform. With the stock near its 52-week high, this deal reinforces the turnaround narrative.
At the time of this announcement, FORR was trading at $11.75 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $225.8M. The 52-week trading range was $4.88 to $12.33. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.