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Updated 3h ago
ATEX logo

Anterix Inc.NasdaqCM:ATEX Stock Report

Market Cap US$1.5b
Updated 3h ago
Share Price
n/a
1Y260.9%
7D7.8%
1D8.6%
Portfolio Value
​
View

Anterix Inc.

NasdaqCM:ATEX Stock Report

Market Cap: US$1.5b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Anterix (ATEX) Stock Overview

Operates as holder of licensed 900 MHz spectrum with coverage spanning the contiguous to utility and critical infrastructure enterprise customers in the United States, Hawaii, Alaska, and Puerto Rico. More details

ATEX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends0/6

Rewards

Earnings grew by 124% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 105.6% per year for the next 3 years

High level of non-cash earnings

Significant insider selling over the past 3 months


ATEX Community Fair Values

Create Narrative

See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystLowTarget
2.8% undervalued intrinsic discount
AnalystLowTarget
•1mo ago

Unmonetized Spectrum And Slow Utility Adoption Will Eventually Support Long Term Potential

52
0
0
AN
AnalystConsensusTarget
51.1% overvalued intrinsic discount
AnalystConsensusTarget
•9mo ago

Private Utility Broadband Networks Will Drive Long-Term Value For This Undervalued Spectrum Owner

59
0
3
AN
AnalystHighTarget
16.1% overvalued intrinsic discount
AnalystHighTarget
•9mo ago

Private Wireless Spectrum Expansion Will Drive Long-Term Value From Grid Modernization

20
0
0

Top Analyst Narratives

AN
AnalystLowTarget
2.8% undervalued intrinsic discount
AnalystLowTarget
•1mo ago

Unmonetized Spectrum And Slow Utility Adoption Will Eventually Support Long Term Potential

52
0
0
AN
AnalystConsensusTarget
51.1% overvalued intrinsic discount
AnalystConsensusTarget
•9mo ago

Private Utility Broadband Networks Will Drive Long-Term Value For This Undervalued Spectrum Owner

59
0
3
AN
AnalystHighTarget
16.1% overvalued intrinsic discount
AnalystHighTarget
•9mo ago

Private Wireless Spectrum Expansion Will Drive Long-Term Value From Grid Modernization

20
0
0
View all narratives

Anterix Inc. Competitors

Iridium Communications

Symbol: NasdaqGS:IRDM
Market cap: US$5.0b

Uniti Group

Symbol: NasdaqGS:UNIT
Market cap: US$2.3b

IDT

Symbol: NYSE:IDT
Market cap: US$1.7b

CIBL

Symbol: OTCPK:CIBY
Market cap: US$18.6m

Price History & Performance

Summary of share price highs, lows and changes for Anterix
Historical stock prices
Current Share PriceUS$83.62
52 Week HighUS$113.00
52 Week LowUS$17.58
Beta0.84
1 Month Change-10.33%
3 Month Change4.55%
1 Year Change260.90%
3 Year Change154.01%
5 Year Change40.11%
Change since IPO103.95%

Recent News & Updates

Seeking Alpha • Sep 18

Anterix: The Spectrum Case Is Real, But The Chart And The Insiders Say Wait

Summary Anterix holds valuable 900 MHz spectrum, with management estimating its expanded allocation could be worth $2.5–$7 billion versus a $1.41 billion enterprise value. Despite a 253% one-year rally, I rate ATEX a hold due to a sharp pullback, heavy insider selling, and lumpy, non-recurring earnings driven by spectrum transactions. ATEX’s spectrum is selling at $1.40 per MHz-POP, well above the $0.60 implied by current valuation, with 85% of inventory unsold and a dozen deals in the pipeline. I’d consider a speculative position only if insider selling slows, VWAP support holds, and there’s tangible progress on utility deals or a strategic review outcome. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Sep 18

Anterix: The Spectrum Case Is Real, But The Chart And The Insiders Say Wait

Summary Anterix holds valuable 900 MHz spectrum, with management estimating its expanded allocation could be worth $2.5–$7 billion versus a $1.41 billion enterprise value. Despite a 253% one-year rally, I rate ATEX a hold due to a sharp pullback, heavy insider selling, and lumpy, non-recurring earnings driven by spectrum transactions. ATEX’s spectrum is selling at $1.40 per MHz-POP, well above the $0.60 implied by current valuation, with 85% of inventory unsold and a dozen deals in the pipeline. I’d consider a speculative position only if insider selling slows, VWAP support holds, and there’s tangible progress on utility deals or a strategic review outcome. Read the full article on Seeking Alpha
User avatar
Narrative Update • Aug 14

ATEX: Slower 900 MHz Monetization And Satellite Trials Will Shape Future Upside

Analysts have raised the Anterix fair value estimate from $69.00 to $86.00. This change reflects updated views on spectrum monetization potential, evolving utility demand, and emerging satellite opportunities highlighted in recent research.
User avatar
Narrative Update • Jul 24

ATEX: Slower 900 MHz Monetization Will Keep Future Upside Limited

Anterix's analyst price target has shifted from $44 to $69 as analysts factor in updated spectrum valuation frameworks, including 5x5 spectrum assessments, sum-of-the-parts approaches, and evolving views on 900 MHz monetization potential alongside emerging satellite partnerships. Analyst Commentary Analyst views on Anterix remain divided, with some focusing on higher potential spectrum value and others highlighting execution risks in monetizing the company’s 900 MHz holdings and newer satellite related opportunities.
Analysis Article • Jun 21

Anterix (ATEX) Stock Could Be 69.4% Overvalued After Its Return To Profit

Anterix (ATEX) is back in focus after reporting fourth quarter and full year results for the period ended March 31, 2026, highlighted by positive net income and earnings per share from continuing operations. See our latest analysis for Anterix. At a share price of $74.53, Anterix has pulled back in the very short term, with the share price return falling 5.85% over one day and 9.66% over seven days. However, the 90 day share price return of 92.98% and 1 year total shareholder return of...
Analysis Article • Feb 18

Anterix's (NASDAQ:ATEX) Earnings Might Not Be As Promising As They Seem

Anterix Inc.'s ( NASDAQ:ATEX ) stock performed strongly after the recent earnings report. However, we think that...
Analysis Article • Apr 08

We're Not Worried About Anterix's (NASDAQ:ATEX) Cash Burn

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Jul 31

Here's Why Shareholders May Want To Be Cautious With Increasing Anterix Inc.'s (NASDAQ:ATEX) CEO Pay Packet

Key Insights Anterix to hold its Annual General Meeting on 6th of August Salary of US$500.0k is part of CEO Rob...

Shareholder Returns

ATEXUS TelecomUS Market
7D7.8%1.4%-0.1%
1Y260.9%-3.7%11.9%

Return vs Industry: ATEX exceeded the US Telecom industry which returned -3.7% over the past year.

Return vs Market: ATEX exceeded the US Market which returned 11.9% over the past year.

Price Volatility

Is ATEX's price volatile compared to industry and market?
ATEX volatility
ATEX Average Weekly Movement9.5%
Telecom Industry Average Movement8.1%
Market Average Movement6.8%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.9%

Stable Share Price: ATEX has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ATEX's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199764Scott Langwww.anterix.com

Anterix Inc. operates as holder of licensed 900 MHz spectrum with coverage spanning the contiguous to utility and critical infrastructure enterprise customers in the United States, Hawaii, Alaska, and Puerto Rico. It offers TowerX, a tower site access services; CatalyX, a turnkey connectivity management solution; and Anterix Active Ecosystem. The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019.

Anterix Inc. Fundamentals Summary

How do Anterix's earnings and revenue compare to its market cap?
ATEX fundamental statistics
Market capUS$1.51b
Earnings (TTM)US$65.70m
Revenue (TTM)US$7.04m
25.0x
P/E Ratio
232.9x
P/S Ratio

Is ATEX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ATEX income statement (TTM)
RevenueUS$7.04m
Cost of RevenueUS$0
Gross ProfitUS$7.04m
Other Expenses-US$58.65m
EarningsUS$65.70m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.35
Gross Margin100.00%
Net Profit Margin933.04%
Debt/Equity Ratio0%

How did ATEX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 21:41
End of Day Share Price 2026/09/21 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Anterix Inc. is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael CrawfordB. Riley Securities, Inc.
Gregory MillerCanaccord Genuity
Thomas WalkleyCanaccord Genuity

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