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Anterix ( (ATEX) ) just unveiled an announcement.
On February 11, 2026, Anterix reported third‑quarter fiscal 2026 results for the period ended December 31, 2025, highlighting about $123 million of contracted proceeds outstanding and visibility to collecting more than $80 million of that in the fourth quarter. The company exchanged narrowband for broadband licenses in 12 counties and delivered broadband licenses in 10 counties, recorded modest gains on these transactions, invested $3 million in spectrum clearing, and continued to advance an approximately $3 billion pipeline across more than 60 prospective customers.
The company ended December 31, 2025, with no debt, $29.5 million in cash and cash equivalents, and $8.4 million of restricted cash in escrow, while leaving $226.7 million available under its share repurchase authorization with no buybacks during the quarter. Strategically, Anterix’s position was bolstered when the FCC on January 27, 2026, announced a vote to expand the 900 MHz broadband allocation from 6 MHz to 10 MHz, and the company signed a new $13 million spectrum sale agreement with CPS Energy on January 30, 2026, with payments split between upfront cash and fiscal 2027.
The most recent analyst rating on (ATEX) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.
Spark’s Take on ATEX Stock
According to Spark, TipRanks’ AI Analyst, ATEX is a Neutral.
The score is held back primarily by weak profitability and negative operating/free cash flow despite a stable, low-leverage balance sheet. Offsetting this are strong technical momentum and an inexpensive P/E, supported by a generally positive earnings-call outlook on contracted proceeds and spectrum monetization, with some risk from licensing timing and clearing costs.
To see Spark’s full report on ATEX stock, click here.
More about Anterix
Anterix Inc., based in Woodland Park, N.J., is a market leader in mission‑critical private wireless broadband spectrum for the utility sector. The company provides secure, licensed 900 MHz spectrum and intelligent infrastructure solutions aimed at enhancing efficiency, resilience and digital transformation for utilities and other critical infrastructure operators.
Average Trading Volume: 285,273
Technical Sentiment Signal: Buy
Current Market Cap: $537.2M
See more data about ATEX stock on TipRanks’ Stock Analysis page.