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Anterix Inc. (ATEX)
NASDAQ:ATEX

Anterix (ATEX) AI Stock Analysis

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ATEX

Anterix

(NASDAQ:ATEX)

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Neutral 61 (OpenAI - 4o)
Rating:61Neutral
Price Target:
$21.50
▲(3.61% Upside)
Anterix's overall stock score is driven by a strong valuation and positive earnings call sentiment. Financial performance is mixed, with operational inefficiencies and cash flow challenges. Technical analysis and corporate events provide additional support, indicating potential for growth.

Anterix (ATEX) vs. SPDR S&P 500 ETF (SPY)

Anterix Business Overview & Revenue Model

Company DescriptionAnterix (ATEX) is a telecommunications company focused on providing private broadband solutions primarily for critical infrastructure sectors, including utilities, transportation, and other industrial applications. The company specializes in leveraging its 900 MHz spectrum to enable secure, reliable, and high-performance communications for organizations that require robust connectivity for their operations, particularly in mission-critical environments. Anterix's core products and services revolve around spectrum leasing and supporting the deployment of private LTE and 5G networks tailored to the unique needs of its clients.
How the Company Makes MoneyAnterix generates revenue primarily through spectrum leasing agreements, which allow clients to utilize its 900 MHz spectrum for their communications needs. This leasing model provides a stable and recurring revenue stream as clients deploy private networks over the licensed spectrum. Additionally, the company may earn revenue through partnerships with technology providers and system integrators who implement their solutions within client operations. Anterix's focus on critical infrastructure sectors presents opportunities for long-term contracts and collaborations, further enhancing its revenue potential. The company also benefits from a growing demand for private network solutions as businesses increasingly seek secure and reliable communications technologies.

Anterix Earnings Call Summary

Earnings Call Date:Nov 12, 2025
(Q2-2026)
|
% Change Since: |
Next Earnings Date:Feb 11, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant strategic progress, market opportunities, and financial gains. However, there were challenges related to clearing costs and uncertainty in spectrum licensing. Despite these challenges, the overall sentiment is positive due to the strong strategic positioning and growth potential.
Q2-2026 Updates
Positive Updates
Strong Customer Base and Strategic Asset Value
Anterix has a strong customer base and an asset value believed to be 10 times the current cost basis. The company is positioned to deliver for the industry and shareholders.
Momentum Toward 10 Megahertz Expansion
Anterix is making progress toward expanding to 10 megahertz, enhancing the foundation for critical infrastructure modernization and unlocking additional opportunities.
Launch of TowerX and CatalyX
Anterix launched TowerX, a tower optimization program, and CatalyX, a solution to accelerate the adoption of private networks. Together, these initiatives represent a $1 billion annual market opportunity.
Financial Performance and Gains
Anterix recorded a total gain of $71 million in the quarter, with $60 million from the exchange of licenses and $11 million from the sale and delivery of licenses. The company has $39 million in cash, no debt, and $114 million in contracted proceeds to be received.
Progress in Spectrum Monetization
85% of Anterix's spectrum is yet to be monetized, valued between $1.5 to over $4 billion. The company received $29 million in milestone payments and $19 million in accelerated payments.
Negative Updates
Clearing Costs and Complex System Agreements
Anterix is involved in costly clearing processes for complex systems, with a total commitment of about $20 million, impacting the financial outlook.
Uncertainty in Spectrum Licensing
There is uncertainty in the timing of spectrum licensing, which affects the ability to provide financial guidance related to gains from license exchanges.
Company Guidance
In the Anterix Second Quarter Fiscal 2026 Earnings Conference Call, key guidance metrics were discussed, highlighting the company's strategic positioning and financial outlook. Anterix emphasized its strong customer base and asset value, which is estimated to be ten times its current cost basis. The company's balance sheet reflects spectrum assets valued at $325 million, with the potential for monetization reaching $1.5 to well over $4 billion. Anterix reported approximately $39 million in cash and no debt, with $114 million in contracted proceeds anticipated, including $60 million expected by the fourth quarter of fiscal 2026. The company also achieved a total gain of $71 million in the quarter from spectrum transactions. Initiatives like TowerX and CatalyX are projected to create an annual market opportunity of roughly $1 billion, enhancing Anterix's financial profile and expanding its market share. The company's strategic engagement with the FCC and its partnerships are expected to accelerate spectrum expansion to 10 megahertz, further strengthening its position in the infrastructure market.

Anterix Financial Statement Overview

Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
40
Negative
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Anterix Technical Analysis

Technical Analysis Sentiment
Positive
Last Price20.75
Price Trends
50DMA
20.46
Positive
100DMA
21.23
Positive
200DMA
25.18
Negative
Market Momentum
MACD
0.51
Negative
RSI
61.05
Neutral
STOCH
63.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATEX, the sentiment is Positive. The current price of 20.75 is below the 20-day moving average (MA) of 21.22, above the 50-day MA of 20.46, and below the 200-day MA of 25.18, indicating a neutral trend. The MACD of 0.51 indicates Negative momentum. The RSI at 61.05 is Neutral, neither overbought nor oversold. The STOCH value of 63.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATEX.

Anterix Peers Comparison

Overall Rating
UnderperformOutperform
Sector (―)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$342.07M-24.04-1.70%4.63%-3.10%66.00%
62
Neutral
$315.47M141.832.59%4.22%
61
Neutral
$421.69M4.4050.41%5.67%
50
Neutral
$620.90M-15.58-4.41%0.97%11.59%-106.83%
50
Neutral
$519.20M-11.96-11.40%7.38%20.81%
50
Neutral
$445.66M-5.51-42.79%-8.70%16.20%
* Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ATEX
Anterix
22.49
-8.67
-27.82%
ATNI
ATN International
22.23
6.67
42.87%
SHEN
Shenandoah Telecommunications Co
11.33
-1.38
-10.86%
RBBN
Ribbon Communications
2.93
-1.37
-31.86%
OOMA
Ooma
11.29
-3.36
-22.94%
WOW
Wideopenwest
5.20
0.47
9.94%

Anterix Corporate Events

Business Operations and StrategyFinancial Disclosures
Anterix Reports Strong Q2 Fiscal 2026 Results
Positive
Nov 12, 2025

On November 12, 2025, Anterix announced its second quarter fiscal 2026 results, highlighting significant financial and operational achievements. The company reported receiving $29 million in contracted proceeds, with $114 million outstanding, and accelerated $19 million into fiscal 2026. Anterix launched TowerXTM and CatalyX®, solutions targeting a $1 billion market opportunity, and exchanged narrowband for broadband licenses in 99 counties, recording a $60 million gain. Additionally, Anterix delivered broadband licenses covering 26 counties, resulting in an $11 million gain, and invested $13 million in spectrum clearing costs. The company continues to advance a $3 billion pipeline of prospective contracts with over 60 potential customers, maintaining a strong liquidity position with $39.1 million in cash and no debt as of September 30, 2025.

Executive/Board ChangesBusiness Operations and Strategy
Anterix Awards $500,000 Bonus to Executive
Neutral
Oct 9, 2025

On October 3, 2025, Anterix Inc. entered into a bonus agreement with its Chief Regulatory and Communications Officer, Christopher Guttman-McCabe. Under this agreement, Mr. Guttman-McCabe received a $500,000 bonus on October 8, 2025, for his contributions to the company’s operations and strategic efforts. If he leaves the company before October 3, 2027, he must repay the bonus. This agreement includes standard covenants and will be detailed in the company’s quarterly report.

Executive/Board ChangesBusiness Operations and Strategy
Anterix Announces New Executive Leadership Appointments
Positive
Sep 18, 2025

On September 18, 2025, Anterix announced significant changes in its executive leadership team, appointing Heather Martin as Chief Marketing Officer and Chief of Staff, and Elena Marquez as Chief Financial Officer. These changes aim to enhance the company’s ability to deliver transformative connectivity solutions to utilities and critical infrastructure sectors. The leadership transition marks a pivotal moment for Anterix as it seeks to scale its impact and modernize the grid, with CEO Scott Lang emphasizing the momentum and opportunities ahead for the company.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 09, 2025