Anterix (ATEX) Announces Q2 Loss While Exceeding Revenue Projections
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Should l Buy ATEX?
Source: NASDAQ.COM
Earnings Performance: Anterix (ATEX) reported a quarterly loss of $0.14 per share, significantly better than the expected loss of $0.65, marking a 78.46% earnings surprise. The company has surpassed consensus EPS estimates in all four of the last quarters.
Revenue Insights: The company generated revenues of $1.55 million for the quarter, matching the previous year's figure and exceeding the Zacks Consensus Estimate by 9.30%. However, it has only topped revenue estimates once in the last four quarters.
Stock Outlook: Anterix shares have declined by 41.3% year-to-date, contrasting with the S&P 500's 16.4% gain. The current Zacks Rank for the stock is #4 (Sell), indicating expectations of underperformance in the near future.
Industry Context: The Communication - Infrastructure industry, to which Anterix belongs, is currently ranked in the top 16% of Zacks industries, suggesting that broader industry trends could influence Anterix's stock performance moving forward.
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Analyst Views on ATEX
Wall Street analysts forecast ATEX stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 42.190
Low
44.00
Averages
44.00
High
44.00
Current: 42.190
Low
44.00
Averages
44.00
High
44.00
About ATEX
Anterix Inc. is a wireless communications company, which is focused on commercializing its spectrum assets to enable its targeted utility and critical infrastructure customers to deploy private broadband networks and solutions. The Company holds licensed spectrum in the 900-megahertz (MHz) band (896-901/935-940 MHz) with nationwide coverage throughout the contiguous United States, Hawaii, Alaska, and Puerto Rico. The Company is focused on providing transformative broadband solutions for critical infrastructure industries and enterprises, including private wireless connectivity on 900 MHz spectrum and next-generation communications platforms. The Company owns licenses of the 399 channels in the 900 MHz band in approximately 20 metropolitan market areas in the United States. The Company is positioned to enable the private Long-Term Evolution (LTE) broadband solutions that support customer-controlled operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Anterix: A Leader in Wireless Networks for the Electric Utility Sector
- Earnings Beat: Anterix (ATEX) has reported four consecutive quarters of earnings beats, with a recent loss of $0.35 compared to an expected loss of $0.57, resulting in a positive earnings surprise of 38.6%, indicating effective management communication of market expectations.
- Upward Earnings Revisions: Earnings estimates for fiscal year 2026 have been revised upward from $3.06 to $3.30, while the 2027 loss estimate has improved from $2.26 to $2.11, reflecting increased market confidence in the company's future profitability.
- Attractive Valuation: Anterix's forward P/E ratio stands at a low 9.8x, suggesting an appealing valuation, although its price-to-sales ratio is high at 130x, indicating strong market interest in its growth potential.
- Increased Market Competition: The electric utility sector is facing unprecedented competition, with companies like Oklo and Eagle Nuclear Energy planning to significantly enhance grid capacity through small-scale nuclear reactors, prompting Anterix to enhance its network capabilities to meet new challenges.
See More
Anterix and NorthWestern Energy Sign Milestone Agreement
- Milestone Agreement: Anterix and NorthWestern Energy have signed a significant agreement for the first planned deployment of a 10 MHz broadband configuration, marking a major advancement in the 900 MHz band that is expected to nearly double utility capacity, enhancing communication capabilities in extreme weather conditions.
- FCC Approval: This agreement follows the unanimous approval from the FCC in February 2026 to expand Anterix's broadband spectrum allocation, underscoring the company's leadership in the private wireless broadband market and strengthening its competitive position in the utility sector.
- Network Modernization: NorthWestern Energy plans to leverage the new 10 MHz broadband configuration for real-time control of remote distribution powerlines and equipment, improving service restoration efficiency and ensuring reliability in high wildfire risk areas, thereby providing safer energy services to customers.
- Industry Transformation: This partnership makes NorthWestern Energy the tenth utility to secure Anterix's 900 MHz spectrum, reflecting a broader industry shift towards private utility-controlled networks, which is essential for building the infrastructure needed for the energy transition.
See More
Anterix and TNMP Sign 900 MHz Spectrum Sale Agreement
- Spectrum Sale Agreement: Anterix has signed a 900 MHz spectrum sale agreement with Texas-New Mexico Power (TNMP), enabling TNMP to deploy a mission-critical private wireless network that enhances grid reliability and supports service improvements.
- Market-Ready Ecosystem: As a subsidiary of TXNM Energy serving over 280,000 homes and businesses, TNMP's choice of Anterix's established ecosystem mitigates risks associated with unproven alternatives, ensuring a scalable infrastructure foundation.
- System Resiliency Plan: TNMP's investment is a cornerstone of its 2025-2027 System Resiliency Plan, aimed at facilitating faster outage response, real-time monitoring of critical infrastructure, and seamless integration of advanced energy technologies to enhance service quality.
- Texas Grid Modernization: By joining a network of Texas utilities including LCRA, Oncor, and CPS Energy, TNMP reinforces the state's leadership in grid modernization, providing a scalable foundation for future developments.
See More
DHT Holdings Sees Surge in Options Trading Volume
- Surge in Options Volume: DHT Holdings Inc experienced an options trading volume of 54,953 contracts, equivalent to approximately 5.5 million shares, representing 80.3% of its average daily trading volume of 6.8 million shares over the past month, indicating strong market interest.
- High Strike Price Focus: Notably, the $19 strike call option expiring on April 17, 2026, saw 33,493 contracts traded today, representing about 3.3 million underlying shares, suggesting investor expectations for future price increases.
- Anterix Options Activity: In comparison, Anterix Inc recorded an options trading volume of 3,200 contracts, equivalent to approximately 320,000 shares, which is 77.1% of its average daily trading volume of 414,895 shares, reflecting active market engagement.
- Liquid Strike Price: The $45 strike call option for Anterix saw a trading volume of 1,944 contracts today, representing about 194,400 underlying shares, indicating optimistic sentiment among investors regarding the stock's future performance.
See More
Anterix Advances 900 MHz Broadband Network Development
- Bandwidth Expansion: The FCC's decision in February 2026 to expand 900 MHz broadband bandwidth from 6 MHz to 10 MHz not only enhances the performance and economics of private broadband networks but also makes utility-controlled communications more compelling for grid modernization, driving a structural shift in the industry.
- Market Demand and Execution: Anterix is adapting to market changes following regulatory updates, and while strong demand is driving deployments, the timing of clearing obligations and county-level license deliveries will directly impact cash flow and the realization of recurring economic benefits.
- New Product Launches: Anterix has introduced tower access services and a SIM management platform aimed at accelerating site acquisition and device activation, with management expecting these products to be immediately profitable with strong margins, thereby enhancing customer network stickiness.
- Contract Value and Cash Flow: Anterix's contract value stands at approximately $400 million, and with clearing costs expected to yield over $80 million in cash inflows, this will provide self-funding capacity for clearing and product rollout, although large utility procurement and deployment processes may elongate timelines.
See More
Surge in Options Volume for UnitedHealth Group and Cheniere Energy
- UnitedHealth Options Activity: Today, UnitedHealth Group (UNH) options volume reached 49,795 contracts, equivalent to approximately 5 million shares, representing 53.4% of its average daily trading volume over the past month, indicating strong investor interest in the stock.
- High Volume Insights: Within UNH, the $300 strike call option has seen particularly high activity, with 6,540 contracts traded today, representing about 654,000 shares, reflecting market expectations for future price increases.
- Cheniere Energy Options Dynamics: Concurrently, Cheniere Energy (LNG) options also showed robust activity, with a volume of 9,939 contracts, equivalent to approximately 993,900 shares, also accounting for 53.4% of its average daily trading volume over the past month, highlighting market attention on the company.
- Put Option Trading: For LNG, the $240 strike put option has recorded a trading volume of 2,087 contracts, representing about 208,700 shares, indicating a cautious stance among investors regarding potential future price declines.
See More
Anterix: A Leader in Wireless Networks for the Electric Utility Sector
- Earnings Beat: Anterix (ATEX) has reported four consecutive quarters of earnings beats, with a recent loss of $0.35 compared to an expected loss of $0.57, resulting in a positive earnings surprise of 38.6%, indicating effective management communication of market expectations.
- Upward Earnings Revisions: Earnings estimates for fiscal year 2026 have been revised upward from $3.06 to $3.30, while the 2027 loss estimate has improved from $2.26 to $2.11, reflecting increased market confidence in the company's future profitability.
- Attractive Valuation: Anterix's forward P/E ratio stands at a low 9.8x, suggesting an appealing valuation, although its price-to-sales ratio is high at 130x, indicating strong market interest in its growth potential.
- Increased Market Competition: The electric utility sector is facing unprecedented competition, with companies like Oklo and Eagle Nuclear Energy planning to significantly enhance grid capacity through small-scale nuclear reactors, prompting Anterix to enhance its network capabilities to meet new challenges.
See More
Anterix and NorthWestern Energy Sign Milestone Agreement
- Milestone Agreement: Anterix and NorthWestern Energy have signed a significant agreement for the first planned deployment of a 10 MHz broadband configuration, marking a major advancement in the 900 MHz band that is expected to nearly double utility capacity, enhancing communication capabilities in extreme weather conditions.
- FCC Approval: This agreement follows the unanimous approval from the FCC in February 2026 to expand Anterix's broadband spectrum allocation, underscoring the company's leadership in the private wireless broadband market and strengthening its competitive position in the utility sector.
- Network Modernization: NorthWestern Energy plans to leverage the new 10 MHz broadband configuration for real-time control of remote distribution powerlines and equipment, improving service restoration efficiency and ensuring reliability in high wildfire risk areas, thereby providing safer energy services to customers.
- Industry Transformation: This partnership makes NorthWestern Energy the tenth utility to secure Anterix's 900 MHz spectrum, reflecting a broader industry shift towards private utility-controlled networks, which is essential for building the infrastructure needed for the energy transition.
See More
Anterix and TNMP Sign 900 MHz Spectrum Sale Agreement
- Spectrum Sale Agreement: Anterix has signed a 900 MHz spectrum sale agreement with Texas-New Mexico Power (TNMP), enabling TNMP to deploy a mission-critical private wireless network that enhances grid reliability and supports service improvements.
- Market-Ready Ecosystem: As a subsidiary of TXNM Energy serving over 280,000 homes and businesses, TNMP's choice of Anterix's established ecosystem mitigates risks associated with unproven alternatives, ensuring a scalable infrastructure foundation.
- System Resiliency Plan: TNMP's investment is a cornerstone of its 2025-2027 System Resiliency Plan, aimed at facilitating faster outage response, real-time monitoring of critical infrastructure, and seamless integration of advanced energy technologies to enhance service quality.
- Texas Grid Modernization: By joining a network of Texas utilities including LCRA, Oncor, and CPS Energy, TNMP reinforces the state's leadership in grid modernization, providing a scalable foundation for future developments.
See More
DHT Holdings Sees Surge in Options Trading Volume
- Surge in Options Volume: DHT Holdings Inc experienced an options trading volume of 54,953 contracts, equivalent to approximately 5.5 million shares, representing 80.3% of its average daily trading volume of 6.8 million shares over the past month, indicating strong market interest.
- High Strike Price Focus: Notably, the $19 strike call option expiring on April 17, 2026, saw 33,493 contracts traded today, representing about 3.3 million underlying shares, suggesting investor expectations for future price increases.
- Anterix Options Activity: In comparison, Anterix Inc recorded an options trading volume of 3,200 contracts, equivalent to approximately 320,000 shares, which is 77.1% of its average daily trading volume of 414,895 shares, reflecting active market engagement.
- Liquid Strike Price: The $45 strike call option for Anterix saw a trading volume of 1,944 contracts today, representing about 194,400 underlying shares, indicating optimistic sentiment among investors regarding the stock's future performance.
See More
Anterix Advances 900 MHz Broadband Network Development
- Bandwidth Expansion: The FCC's decision in February 2026 to expand 900 MHz broadband bandwidth from 6 MHz to 10 MHz not only enhances the performance and economics of private broadband networks but also makes utility-controlled communications more compelling for grid modernization, driving a structural shift in the industry.
- Market Demand and Execution: Anterix is adapting to market changes following regulatory updates, and while strong demand is driving deployments, the timing of clearing obligations and county-level license deliveries will directly impact cash flow and the realization of recurring economic benefits.
- New Product Launches: Anterix has introduced tower access services and a SIM management platform aimed at accelerating site acquisition and device activation, with management expecting these products to be immediately profitable with strong margins, thereby enhancing customer network stickiness.
- Contract Value and Cash Flow: Anterix's contract value stands at approximately $400 million, and with clearing costs expected to yield over $80 million in cash inflows, this will provide self-funding capacity for clearing and product rollout, although large utility procurement and deployment processes may elongate timelines.
See More
Surge in Options Volume for UnitedHealth Group and Cheniere Energy
- UnitedHealth Options Activity: Today, UnitedHealth Group (UNH) options volume reached 49,795 contracts, equivalent to approximately 5 million shares, representing 53.4% of its average daily trading volume over the past month, indicating strong investor interest in the stock.
- High Volume Insights: Within UNH, the $300 strike call option has seen particularly high activity, with 6,540 contracts traded today, representing about 654,000 shares, reflecting market expectations for future price increases.
- Cheniere Energy Options Dynamics: Concurrently, Cheniere Energy (LNG) options also showed robust activity, with a volume of 9,939 contracts, equivalent to approximately 993,900 shares, also accounting for 53.4% of its average daily trading volume over the past month, highlighting market attention on the company.
- Put Option Trading: For LNG, the $240 strike put option has recorded a trading volume of 2,087 contracts, representing about 208,700 shares, indicating a cautious stance among investors regarding potential future price declines.
See More
