WOODLAND PARK, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) announced today that after receiving inbound interest in the Company, it has engaged Morgan Stanley & Co. LLC (“Morgan Stanley”) as its financial advisor to support a formal strategic review process for the Company to capitalize on the growing demand and urgency for private wireless broadband solutions for the utility industry. Additionally, as the recognized market leader in the private wireless broadband space for utilities, Ant ...

WOODLAND PARK, N.J., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) announced today that it will hold a conference call on Wednesday, February 12, 2025, at 9:00 a.m. ET. Anterix senior management, led by President and CEO Scott Lang, will discuss the Company's third quarter fiscal 2025 results. A press release regarding the results will be issued after the close of the market on Tuesday, February 11, 2025. Participants interested in joining the call’s live question and answer session are required ...

Company Overview - Anterix (ATEX) shares increased by 11.4% to $30.99 in the last trading session, following a higher-than-average trading volume, contrasting with an 8.7% loss over the past four weeks [1] Demand and Market Expansion - Anterix is experiencing rising demand for its broadband solutions across various sectors, including energy and transportation. The Lower Colorado River Authority plans to acquire an additional 900 MHz spectrum wireless broadband licenses to support growth initiatives in Texas [2] Regulatory Developments - The FCC has approved a Notice of Proposed Rulemaking to modify existing 900 MHz broadband rules, allowing the broadband segment to expand from 3/3 MHz to 5/5 MHz. This expansion is essential to meet the growing demand for private wireless broadband networks in the utility sector and other critical infrastructure [3] Financial Performance Expectations - Anterix is projected to report a quarterly loss of $0.57 per share, reflecting a year-over-year decline of 3.6%. Revenue is expected to reach $1.64 million, marking a 29.1% increase from the previous year [4] Earnings Estimates and Stock Performance - The consensus EPS estimate for Anterix has remained unchanged over the last 30 days. Typically, a stock's price does not continue to rise without trends in earnings estimate revisions, indicating the need to monitor ATEX for potential future strength [5] Industry Context - Anterix operates within the Zacks Communication - Infrastructure industry. IHS Holding (IHS), another company in the same sector, closed 0.6% higher at $3.21, with a 3.6% return over the past month [5]

Industry and Regulatory Developments - A coalition of utilities, trade associations, and Anterix expressed gratitude to the FCC for proposing modifications to the 900 MHz rules, which would expand the broadband segment from 3 MHz by 3 MHz to 5 MHz by 5 MHz [1] - The FCC's proposed rulemaking (NPRM) aims to address growing demand for wide-area, private, and secure wireless broadband networks for utilities, critical infrastructure, and business enterprises [2] - The expansion of the 900 MHz band to 5/5 MHz broadband is seen as a critical step in supporting the evolution of the electric grid and enabling private LTE networks for utilities [3] Industry Adoption and Benefits - Enterprise organizations across 15 states are already deploying modern wireless 900 MHz broadband networks to meet evolving communication needs [3] - The proposed 5/5 MHz broadband option is expected to provide utilities with additional capacity to support grid modernization, advanced network design, and enhanced cybersecurity [3] - The expanded spectrum allocation is anticipated to offer significant advantages over the current 3/3 MHz broadband, including the ability to handle increased data volumes from utility applications [3] Company-Specific Insights - Anterix, as the largest holder of licensed spectrum in the 900 MHz band, is uniquely positioned to enable private wireless broadband solutions for utilities [5] - The company leads an ecosystem of over 100 members, offering utility-first solutions to modernize the grid and address current challenges [5] - Anterix's partnership with utilities and technology companies aims to support cutting-edge communications capabilities for a cleaner, safer, and more secure energy future [5]

NEW YORK, Jan. 13, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Anterix Inc. (NASDAQ: ATEX) on behalf of the company's shareholders. The investigation seeks to determine whether Anterix's directors breached their fiduciary duties in connection with recent corporate actions.If you are a shareholder of Anterix Inc. and are interested in obtaining additional information regarding your rights and options, free of charge, please visit us at: https://pjlfirm.com/anterix-inc/You ...

WOODLAND PARK, N.J., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ:ATEX) and the Lower Colorado River Authority announced today that LCRA has contracted with Anterix to purchase additional 900 MHz wireless broadband licenses from Anterix that will extend LCRA's ability to support future growth in Texas. This agreement builds upon LCRA's initial purchase of 900 MHz licenses from Anterix announced in April 2023. Created by the Texas legislature in 1934, LCRA manages the lower 600 miles of the Texas Colora ...

The Zacks Communication - Infrastructure industry appears mired in burgeoning capital expenditures for infrastructure upgrades, unpredictable raw material prices owing to Middle East geopolitical tensions, supply-chain disruptions amid the prolonged Russia-Ukraine war and high customer inventory levels. However, the industry is expected to benefit in the long run from an increasing user propensity to stay abreast of the latest digital innovations.Against this backdrop, IHS Holding Limited (IHS) and Anterix ...

WOODLAND PARK, N.J., Dec. 30, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) ("the Company") announced today utility industry veteran Tom Kuhn as Chairman of the Anterix Board of Directors, effective January 1st, as the end of 2024 marks the anticipated retirement of Morgan O'Brien as Executive Chairman of the Anterix Board after more than 12 years with the Company. O'Brien will continue as an advisor."Anterix and our nation's utilities have benefited greatly from Morgan's tremendous leadership and counsel dur ...

Group 1 - Anterix's COO Ryan Gerbrandt will participate in a panel discussion on the 900 MHz private wireless broadband revolution and its impact on utilities' infrastructure transformation on December 5, 2024 [1] - Anterix's Vice Chairman Tom Kuhn will deliver a keynote address on strategic challenges and opportunities for utilities at the symposium on December 4, 2024 [2] - Anterix will host one-on-one meetings with interested investors during the event, encouraging engagement with potential investors [2] Group 2 - Anterix partners with utilities and technology companies to leverage 900 MHz broadband for modernized grid solutions, leading an ecosystem of over 100 members [3] - The company holds the largest licensed spectrum in the 900 MHz band across the contiguous United States, Alaska, Hawaii, and Puerto Rico, positioning itself to enable private wireless broadband solutions [3] - Anterix aims to support advanced communications capabilities for a cleaner, safer, and more secure energy future [3]

Anterix, Inc. (NASDAQ:ATEX) Q2 2025 Earnings Conference Call November 14, 2024 9:00 AM ET Company Participants Natasha Vecchiarelli - VP, IR & Corporate Communications Scott Lang - President and CEO Tim Gray - CFO Ryan Gerbrandt - COO Chris Guttman- McCabe - Chief Regulatory & Communications Officer Conference Call Participants George Sutton - Craig Hallum Mike Crawford - B. Riley Operator Good morning and welcome to the Anterix Fiscal Year 2025 Second Quarter Earnings Call. All participants will be in list ...