Leading Research Laboratories and Technology Companies Are DevelopingSolutions for Cybersecurity, Sustainability, and Enhanced Grid Communications WOODLAND PARK, N.J., March 14, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) today announced its participation in a broad alliance among energy industry leaders that are supporting the U.S. Department of Energy's (DOE's) national laboratories' efforts to help modernize the energy grid. Anterix is joining Idaho National Laboratories, the National Renewable Energy La ...

Core Viewpoint - Anterix (ATEX) shows significant upside potential with a mean price target of $59.33, indicating a 64.5% increase from its current price of $36.07, supported by positive earnings estimate revisions and analyst agreement [1][5]. Group 1: Price Targets and Analyst Consensus - The mean price target for ATEX is $59.33, suggesting a 64.5% upside potential, with the lowest estimate at $43 (19.2% increase) and the highest at $75 (107.9% increase) [1]. - Analysts have shown strong agreement in revising earnings estimates higher, with two estimates moving up in the last 30 days and no negative revisions, leading to a 66.7% increase in the Zacks Consensus Estimate [5]. - A low standard deviation of price targets indicates a high degree of agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [4]. Group 2: Analyst Behavior and Market Dynamics - Analysts often set overly optimistic price targets due to business incentives, which can mislead investors [3]. - Despite skepticism around price targets, the direction implied by them can still provide useful guidance for potential stock movements [6]. - The Zacks Rank 2 (Buy) for ATEX places it in the top 20% of over 4,000 ranked stocks, indicating strong potential for near-term upside based on earnings estimates [6].

WOODLAND PARK, N.J., Feb. 28, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) announced today that Anterix Chief Financial Officer Tim Gray will present at Morgan Stanley's Technology, Media & Telecom Conference 2024 in San Francisco on March 5, 2024, at 2:05 p.m. PST. The presentation will be accessible via live webcast on the Anterix Investor Relations event website at https://investors.anterix.com.Concurrently, Anterix also will be available throughout the day to meet with participating investors. Investors ...

Shares of Anterix (ATEX) have gained 33% over the past four weeks to close the last trading session at $39.85, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $59.33 indicates a potential upside of 48.9%.The average comprises three short-term price targets ranging from a low of $43 to a high of $75, with a standard deviation of $16.01. While the lowest estimate indicates an incr ...

Anterix Inc. (NASDAQ:ATEX) Q3 2023 Earnings Conference Call February 15, 2024 9:00 AM ET Company Participants Natasha Vecchiarelli - Vice President-Investor Relations & Corporate Communications Rob Schwartz - President, Chief Executive Officer & Director Ryan Gerbrandt - Chief Operating Officer Tim Gray - Chief Financial Officer Chris Guttman-McCabe - Chief Regulatory & Communications Officer Conference Call Participants Mike Crawford - B. Riley Securities Alana Papa - Morgan Stanley Operator Hello and welc ...

Anterix (ATEX) came out with a quarterly loss of $0.55 per share versus the Zacks Consensus Estimate of a loss of $0.61. This compares to loss of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.84%. A quarter ago, it was expected that this wireless communications company would post a loss of $0.64 per share when it actually produced a loss of $0.55, delivering a surprise of 14.06%.Over the last four quarters, the compa ...

Table of Contents Title of each class Trading symbol Name of each exchange on which registered Common Stock, $0.0001 par value ATEX The Nasdaq Stock Market LLC (Nasdaq Capital Market) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark one) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 1 ...

The Zacks Communication - Infrastructure industry appears well poised to benefit from healthy demand trends and an increasing user propensity to stay abreast of the latest digital innovations. However, high capital expenditures for infrastructure upgrades, margin erosion, supply chain adversities albeit at diminishing pace, geopolitical conflicts, raging wars and high customer inventory levels have dented the industry’s profitability.Nevertheless, Anterix Inc. (ATEX) , CommScope Holding Company, Inc. (COMM) ...

Anterix (ATEX) has been on a downward spiral lately with significant selling pressure. After declining 13.8% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock i ...

Financial Data and Key Metrics - The company launched a share repurchase program in September, allowing the repurchase of up to $250 million of outstanding shares over three years [6] - The company expects to receive $53 million in proceeds from existing contracts during the remainder of the fiscal year [6] - Currently, 16 utilities representing approximately $900 million in potential contract proceeds have crossed the demonstrated intent threshold [12] Business Line Data and Key Metrics - Anterix is enabling a nationwide platform for utilities to support a resilient, secure, and clean energy future through collaboration with customers and solutions providers [7] - The Utility Broadband Alliance (UBBA) Annual Summit saw participation from 35 utilities, representing over 60% of Anterix's spectrum value [7][8] - Itron, an Anterix Active Ecosystem member, announced the availability of 900 megahertz compatible devices, enhancing deployment flexibility for utilities [9] Market Data and Key Metrics - The 900 megahertz private wireless broadband is gaining traction, with significant industry focus and executive acknowledgment at events like the UBBA Summit [9][10] - The demonstrated intent scorecard shows positive movement, with seven utilities adding 11 demonstrated intent indicators from August to November [11] Company Strategy and Industry Competition - Anterix is focused on driving the utility industry towards 900 megahertz private wireless broadband, with significant progress in customer engagement and ecosystem development [5][7] - The company is leveraging its share repurchase program and near-term opportunities exceeding $250 million to deliver shareholder value [6][14] - Anterix is actively involved in industry forums and panels, such as the EEI Foundation wildfire mitigation panel, to promote the adoption of 900 megahertz private LTE networks [10] Management Commentary on Operating Environment and Future Outlook - Management remains highly confident in the company's ability to deliver value to shareholders, citing industry movement towards 900 megahertz, utility progress on the demonstrated intent scorecard, and the share repurchase program [14] - The company sees near-term opportunities in excess of $250 million, underpinning its confidence in future growth [6][14] Other Important Information - Wassim Akhdar joined Anterix as Senior Vice President of Product Innovation, bringing extensive experience in delivering innovative solutions to utilities [13] - The company's CatalyX solution, a turnkey subscriber management and roaming solution, was demonstrated at the UBBA Summit, showcasing its potential to enhance private broadband networks [9] Q&A Session Summary Question: Quantification of investment by utilities and ecosystem partners - Anterix estimates that its spectrum represents roughly a third of the spend in network deployment costs, with utilities spending upwards of $150 billion annually on capital projects [17][18] - The company tracks 23 companies with commercial-ready products for 900 megahertz, indicating significant third-party investment in the ecosystem [19] Question: Impact of the Hawaii situation on utility boards - Wildfire mitigation has become a critical focus for utilities, with private LTE 900 megahertz networks being deployed to address these risks [21][22] - The discussion at the EEI Foundation panel highlighted the importance of technology solutions, such as falling conductor protection, in mitigating wildfire risks [23][24] Question: Milestones with Evergy and other contract proceeds - Anterix expects $20 million from Xcel this quarter and $16 million from Xcel and $15 million from LCRA in the March quarter [26][27] - One additional utility representing a $50 million licensing opportunity has moved above the demonstrated intent threshold in the last three months [28] Question: Cash balances, liquidity, and buyback strategy - The company plans to keep $40 million to $50 million in cash to cover annual OpEx, with excess liquidity directed towards the buyback program [30] - The buyback program reflects the company's confidence in near-term opportunities exceeding $250 million [34] Question: Interest in 800 megahertz spectrum and 5G adoption - Anterix is opportunistic about spectrum opportunities, including potential partnerships or acquisitions related to 800 megahertz spectrum [32][33] - Utilities are currently focused on LTE, with future compatibility for 5G through software upgrades, as highlighted by ecosystem partners like Ericsson and Nokia [36][37] Question: Demonstrated Intent (DI) scorecard and Phase III progress - The DI scorecard tracks utilities' progress towards 900 megahertz contracts, with 16 utilities currently above the threshold [12][40] - The DI scorecard provides granularity on utility progress, including contract negotiations and other indicators of intent [41][43] Question: Government spectrum policy and shared spectrum - Anterix is monitoring potential spectrum opportunities, including shared spectrum models like CBRS, but emphasizes the need for control and certainty in utility networks [50][53] - The company believes both shared and exclusive license models will continue to play a role in the spectrum landscape [54] Question: Interest from the satellite industry - Anterix is engaged with leading vendors on potential hybrid terrestrial-satellite solutions, viewing 900 megahertz as a foundational element for future network expansions [56]