Anterix (ATEX) Moves 11.4% Higher: Will This Strength Last?

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]