Anterix (ATEX) AI Stock Analysis

• Market Cap: $343.88M
• Dividend Yield: N/A
• Average Volume (3M): 186.28K
• Price to Earnings (P/E): 4.1
• Beta (1Y): 0.41
• Revenue Growth: 5.67%
• EPS Growth: N/A
• Country: US
• Employees: 86
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 2.86
• Shares Outstanding: 18,739,790
• 10 Day Avg. Volume: 187,461
• 30 Day Avg. Volume: 186,284
• PEG Ratio: -2.44
• Price to Book (P/B): 4.34
• Price to Sales (P/S): 112.65
• P/FCF Ratio: -14.32
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $50.00
• Price Target Upside: 140.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $21.00 ▲(1.20% Upside)

Anterix's overall stock score is driven by positive strategic developments and undervaluation, despite operational inefficiencies and cash flow challenges. The earnings call provided a positive outlook, which offsets some of the financial performance concerns.

Positive Factors

Strong Customer Base

A robust customer base and significant asset value provide a solid foundation for sustained revenue and competitive advantage in critical infrastructure sectors.

Spectrum Expansion

Expanding spectrum capacity enhances Anterix's ability to support critical infrastructure modernization, unlocking additional market opportunities and strengthening its market position.

New Initiatives

The introduction of TowerX and CatalyX initiatives positions Anterix to capture significant market share in private network solutions, driving long-term revenue growth.

Negative Factors

Operational Inefficiencies

Persistent operational inefficiencies, reflected in negative margins, may hinder profitability and limit the company's ability to invest in growth initiatives.

Cash Flow Challenges

Ongoing cash flow challenges could constrain Anterix's financial flexibility, affecting its capacity to fund operations and strategic investments.

Clearing Costs

High clearing costs for complex systems may impact financial performance, reducing available resources for growth and innovation.

Anterix Business Overview & Revenue Model

Company Description

Anterix (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 Money

Anterix 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 Financial Statement Overview

Summary

Anterix exhibits a mixed financial profile with a strong gross profit margin and stable balance sheet, but faces challenges in profitability and cash flow management. Negative EBIT and EBITDA margins and fluctuating net profit margins indicate operational inefficiencies.

Income Statement

Anterix shows a mixed performance in its income statement. The company has a strong gross profit margin, indicating efficient cost management. However, the net profit margin is volatile, with recent improvements but historical losses. Revenue growth is modest, suggesting limited expansion. EBIT and EBITDA margins are negative, reflecting operational challenges.

Balance Sheet

The balance sheet is relatively stable with a low debt-to-equity ratio, indicating conservative leverage. Return on equity has improved but remains low, suggesting limited profitability. The equity ratio is healthy, showing a strong capital base. Overall, the balance sheet reflects financial stability but with room for improved returns.

Cash Flow

Cash flow analysis reveals challenges, with negative operating and free cash flows indicating cash management issues. The free cash flow to net income ratio is positive, suggesting some efficiency in converting income to cash. However, the negative growth in free cash flow highlights ongoing cash flow struggles.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.92M	6.03M	4.19M	1.92M	1.08M	921.00K
Gross Profit	5.92M	6.03M	4.19M	1.92M	1.08M	-685.00K
EBITDA	28.96M	-48.48M	-51.62M	-53.43M	-46.50M	-47.27M
Net Income	95.63M	-11.37M	-9.13M	-16.32M	-37.52M	-54.43M
Balance Sheet
Total Assets	420.38M	333.10M	324.89M	278.56M	287.98M	253.06M
Cash, Cash Equivalents and Short-Term Investments	39.07M	47.37M	60.58M	43.18M	105.62M	117.54M
Total Debt	4.73M	5.39M	8.21M	4.65M	5.69M	7.07M
Total Liabilities	180.03M	176.50M	163.86M	98.77M	101.68M	40.55M
Stockholders Equity	240.35M	156.60M	161.03M	179.79M	186.30M	212.51M
Cash Flow
Free Cash Flow	-30.04M	-47.45M	24.66M	-54.38M	-9.50M	-24.13M
Operating Cash Flow	-25.99M	-29.26M	41.99M	-27.25M	17.91M	-9.96M
Investing Cash Flow	30.43M	22.75M	8.09M	-27.13M	-27.41M	-14.17M
Financing Cash Flow	-6.71M	-6.59M	-25.14M	-8.06M	-2.42M	4.22M

Anterix Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATEX, the sentiment is Negative. The current price of 20.75 is above the 20-day moving average (MA) of 19.87, above the 50-day MA of 20.65, and below the 200-day MA of 26.60, indicating a bearish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 47.27 is Neutral, neither overbought nor oversold. The STOCH value of 26.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATEX.

Anterix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ATNI	63 Neutral	$321.78M	―	-1.70%	4.81%	-3.10%	66.00%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
ATEX	58 Neutral	$343.88M	4.08	50.41%	―	5.67%	―
RBBN	50 Neutral	$559.82M	-12.94	-11.40%	―	7.38%	20.81%
WOW	50 Neutral	$443.95M	―	-42.79%	―	-8.70%	16.20%
SHEN	48 Neutral	$591.25M	―	-4.41%	1.02%	11.59%	-106.83%
OOMA	46 Neutral	$303.05M	―	-1.78%	―	5.42%	69.88%

Anterix Corporate Events

Anterix Inc. Reports Strong Q2 Fiscal 2026 Results

Anterix Inc. is a leading company in the telecommunications sector, specializing in 900 MHz broadband solutions for utilities, offering advanced communication capabilities to modernize the grid across the United States.

Anterix Inc. Earnings Call Highlights Strategic Gains

The recent earnings call for Anterix Inc. was marked by a generally positive sentiment, as the company highlighted its strategic progress, market opportunities, and financial gains. Despite facing challenges such as clearing costs and uncertainties in spectrum licensing, the overall tone remained optimistic, driven by Anterix’s strong strategic positioning and growth potential.

Anterix Reports Strong Q2 Fiscal 2026 Results

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.

The most recent analyst rating on (ATEX) stock is a Hold with a $21.50 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.

Anterix Awards $500,000 Bonus to Executive

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.

The most recent analyst rating on (ATEX) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.

Anterix Announces New Executive Leadership Appointments

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.

The most recent analyst rating on (ATEX) stock is a Hold with a $23.00 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.

Anterix Inc. Earnings Call Highlights Strategic Progress

Anterix Inc. Reports Strong Financial Health Amid Operational Improvements and Strategic Progress