Stock of the Day

August 16, 2019

Anterix (ATEX)

$90.89
-$1.44 (-1.6%)
Market Cap: $1.81B

About Anterix

Anterix Inc. operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and innovative broadband solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico. The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019. Anterix Inc. was incorporated in 1997 and is headquartered in Woodland Park, New Jersey.

Today's Trend

Anterix Inc. (NASDAQ: ATEX) shares moved higher as investors focused on the company’s spectrum monetization opportunities, improving operating outlook, and continued analyst support. These positives helped offset a muted market reaction to quarterly results.

  • JPMorgan remains bullish: JPMorgan lowered its price target modestly from $133 to $130 but upgraded or reaffirmed an “overweight” view, implying roughly 42% upside from the referenced price. The target reduction appears limited relative to the continued positive rating. Benzinga
  • Spectrum optionality is expanding: Anterix highlighted rising demand for licensed low-band spectrum, accelerating strategic interest, and several potential monetization paths as nationwide spectrum clearing progresses. Anterix Q1 Earnings Call Focuses on Spectrum Optionality
  • Additional contracted proceeds and SpaceX support: Anterix outlined approximately $10 million in additional contracted proceeds for the remainder of fiscal 2027. The company also supported SpaceX’s FCC proposal, which could broaden future uses and strategic value for Anterix’s spectrum holdings. Anterix Outlines Additional Contracted Proceeds Anterix Statement Supporting SpaceX Proposal
  • Quarterly results exceeded earnings expectations: Fiscal Q1 2027 revenue increased 38.1%, while Anterix reported a $0.01-per-share profit versus consensus expectations for a $0.43 loss. The earnings improvement indicates better-than-expected near-term performance, although revenue of $1.96 million was slightly below the $2.00 million estimate. Anterix Reports Narrower-Than-Expected Q1 Loss
  • Profit-taking and execution concerns remain: Despite the earnings beat, reports indicated that the stock declined after results, likely reflecting the slightly light revenue, ongoing spectrum-clearing costs, and continued uncertainty around the timing of spectrum monetization. Analysts still expect a full-year loss.
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