ATEX

AnterixAccelerator Initiative: Anterix, along with major companies like Ericsson, GE Vernova, and Nokia, is expanding its collaboration to promote the adoption of 900 MHz private wireless networks for utilities, aiming to enhance the digital transformation of the power grid.

Utility Innovation and Support: The initiative offers bundled services and incentives to utilities, fostering a more resilient and intelligent energy landscape while modernizing communication infrastructure through advanced technology solutions.

AnterixAccelerator Initiative Launch: Anterix has introduced the AnterixAccelerator initiative with a $250 million investment aimed at assisting utilities in deploying 900 MHz private LTE networks, highlighting key features such as dollar-for-dollar matching and customized commercial structures.

Industry Commitment and Positioning: The initiative reflects Anterix's commitment to enhancing utility communications, supported by strong partnerships and a robust ecosystem, positioning the company as a leader in facilitating private wireless broadband solutions for the utility sector.

Q4 Financial Performance: The company reported Q4 revenue of $1.57 million, falling short of the consensus estimate of $1.81 million, while maintaining a debt-free status and holding $28.8 million in cash and cash equivalents as of December 31, 2024.

Investment Insights: TipRanks offers a Smart Score tool to assist investors in identifying high-performing stocks and comparing their selections with recommendations from top Wall Street analysts.

U.S. Stock Market Performance: U.S. stocks showed mixed results with the Dow Jones gaining 0.1%, while the NASDAQ and S&P 500 fell by 0.37% and 0.10%, respectively. The NFIB Small Business Optimism Index also declined to 102.8 in January, below previous months and estimates.

Equities Movement: Anterix Inc. saw a significant rise of 26% after announcing a strategic review, while SelectQuote, Inc. surged 28% following positive quarterly results. Conversely, Fluence Energy, Inc. dropped 47% due to disappointing financial results.

Anterix Inc. Strategic Review: Anterix Inc. has appointed Morgan Stanley as its financial advisor to conduct a strategic review following increased interest from utilities for private wireless broadband solutions, particularly in the 900 MHz spectrum.

Stock Performance and Future Plans: The company's shares surged by 25.5% to $35.79 amid plans to enhance product offerings and explore new pricing and ownership terms to better collaborate with strategic partners, with earnings results set to be announced soon.

U.S. Stock Market Performance: U.S. stocks experienced a slight decline, with the Nasdaq Composite down about 0.1%, while several companies like Lattice Semiconductor and SelectQuote saw significant gains following positive quarterly results.

Notable Stock Movements: Lattice Semiconductor shares rose 10.6% despite missing earnings estimates, while SelectQuote surged 39.6% after exceeding financial expectations and announcing a major investment, alongside other companies like Anterix and Ecolab also reporting strong performances.

Analyst Rating and Performance: George Sutton from Craig-Hallum maintains a Buy rating on Anterix (ATEX), with the stock currently priced at $28.52, while Sutton has an average return of 18.4% and a success rate of 52.33%.

Company Financials and Insider Activity: Anterix reported a quarterly revenue of $1.55 million with a net loss of $12.77 million, contrasting with last year's profit; insider sentiment remains neutral following recent share sales by executives.

Conference Call Announcement: Anterix will hold a conference call on February 12, 2025, at 9:00 a.m. ET to discuss its third quarter fiscal 2025 results, with a press release issued the day prior.

Company Overview: Anterix specializes in providing utility-first solutions using 900 MHz broadband to modernize grid operations and is the largest holder of licensed spectrum in that band across the contiguous U.S., Alaska, Hawaii, and Puerto Rico.

Anterix Stock Performance: Anterix (ATEX) shares rose 11.4% to $30.99 amid increased demand for its broadband solutions and the FCC's approval of expanded 900 MHz spectrum rules, which are expected to benefit the company’s growth in various sectors.

Earnings Expectations: Anterix is projected to report a quarterly loss of $0.57 per share with revenues expected to increase by 29.1%. Meanwhile, IHS Holding also reported stable stock performance but with a significant year-over-year EPS decline.

FCC's Proposed Rulemaking: A coalition of utilities and technology companies has expressed gratitude to the FCC for its Notice of Proposed Rulemaking (NPRM) aimed at modifying 900 MHz rules, allowing for an expansion from a 3/3 MHz to a 5/5 MHz broadband segment to meet growing demands for secure wireless networks.

Support from Industry Leaders: Various industry leaders have endorsed the NPRM, emphasizing that the expanded broadband capabilities will enhance grid modernization, support advanced network technologies, and improve cybersecurity and reliability for utility operations.

Anterix and LCRA Agreement: Anterix has contracted with the Lower Colorado River Authority (LCRA) to provide additional 900 MHz wireless broadband licenses, expanding LCRA's LTE coverage to 34 more Texas counties, enhancing grid resilience and operational intelligence.

Impact on Utility Sector: This partnership signifies a growing trend in the utility sector towards private LTE networks, with 93% of Texas counties expected to benefit from improved broadband connectivity, supporting various external users like electric cooperatives and schools.

Investigation Announcement: Purcell & Lefkowitz LLP is investigating Anterix Inc. to determine if its directors breached fiduciary duties related to recent corporate actions, on behalf of the company's shareholders.

Shareholder Rights Information: Shareholders of Anterix Inc. can obtain free information about their rights and options by contacting the law firm or visiting their website.

Stock Performance: Anterix Inc (ATEX) shares hit a 52-week low of $28.95, marking a 31.74% decline from its previous high of $42.41, necessitating a 46.49% gain to return to that peak.

Insider Activity: Despite the stock's drop, there have been two instances of insider buying in the past six months, raising questions about potential future recovery as current investors face unrealized losses.

Leadership Transition at Anterix: Tom Kuhn has been appointed as the new Chairman of the Board of Directors for Anterix, effective January 1, 2025, following Morgan O'Brien's retirement after over 12 years in leadership roles within the company.

Company's Future Direction: Both Kuhn and outgoing Chairman O'Brien expressed confidence in Anterix's potential for growth and innovation in transforming the energy sector through advanced connectivity solutions.

Leadership Transition at Anterix: Tom Kuhn has been appointed as the new Chairman of the Board of Directors for Anterix, effective January 1, 2025, succeeding Morgan O'Brien who is retiring after over 12 years with the company but will remain as an advisor.

Company's Future Direction: Both Kuhn and O'Brien expressed confidence in Anterix's potential for growth and innovation in transforming the energy sector through advanced connectivity solutions, emphasizing the company's unique position in the market.

Leadership Change at Anterix: Morgan E. O’Brien will retire as Executive Chairman of Anterix on December 31, 2024, with Thomas R. Kuhn set to take over the role and lead a new Utility Engagement Committee starting January 1, 2025.

Company Overview: Anterix specializes in utility and technology solutions using 900 MHz broadband, holding the largest licensed spectrum in that band across the U.S., and aims to enhance communications in the energy sector.

FCC Chair's Proposal: Outgoing FCC Chairwoman Jessica Rosenworcel has proposed that communications service providers submit annual certifications confirming their cyberattack prevention strategies following a significant breach by the Chinese hacker group "Salt Typhoon."

Cybersecurity Framework: The FCC is working with intelligence agencies to assess the impact of the attack and aims to establish a modern framework for enhancing cybersecurity measures across telecommunications networks.

Anterix Participation in Symposium: Anterix COO Ryan Gerbrandt will join a panel on the 900 MHz private wireless broadband revolution at Janney's Clean Energy Investment Symposium on December 5, 2024, while Vice Chairman Tom Kuhn will deliver a keynote address on December 4.

Anterix's Role in Utilities: Anterix focuses on partnering with utilities to leverage 900 MHz broadband for modernizing infrastructure, holding the largest licensed spectrum in this band across the contiguous U.S., Alaska, Hawaii, and Puerto Rico.

Financial Performance: Anterix reported its second quarter fiscal 2025 results, highlighting a cash balance of $43.1 million and a significant pipeline of approximately $3 billion in prospective contracts across over 60 potential customers.

Leadership Insights: New President and CEO Scott Lang expressed optimism about the company's growth potential in private wireless broadband networks for utilities, emphasizing an active customer pipeline and plans for enhancing relationships and innovation in their approach.

Conference Call Announcement: Anterix will hold a conference call on November 14, 2024, at 9:00 a.m. ET to discuss its second quarter fiscal 2025 results, with a press release issued the day before.

Company Overview: Anterix focuses on providing utility-first solutions using 900 MHz broadband to modernize grid systems and is the largest holder of licensed spectrum in that band across the contiguous U.S., Alaska, Hawaii, and Puerto Rico.