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ATEX · NASDAQ · Telecommunications Services

Anterix

Commercializes 900 MHz spectrum for utility private broadband networks.

$92.33

After-hours close−0.08 (−0.09%)

At close$92.41(−2.39%)

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Profile

Anterix Inc.ATEXCommunication Services

Sells and leases licensed 900 MHz spectrum rights for utility private broadband networks, with TowerX and CatalyX helping customers deploy and manage connectivity. The business is US-focused, reported as a single segment, and shaped by FCC license conversion, spectrum clearing, and long-cycle utility agreements.

Commercializes licensed 900 MHz spectrum for utilities and other critical infrastructure customers building private broadband networks. The offering centers on spectrum sales and leases, with TowerX adding tower-access support and CatalyX handling device activation and connectivity management.

Coverage is concentrated in the United States, including national territory rather than international markets. Revenue is reported in a single operating segment, and customer activity is tied to large utility deployments rather than consumer wireless subscriptions.

Execution depends on converting and clearing spectrum under FCC rules, securing broadband licenses county by county, and reaching agreements with utilities whose network projects run on long timelines.

Company facts

CEOScott A. Lang

ListedFeb 3, 2015

ExchangeNASDAQ

HeadquartersWoodland Park, NJ

CountryUnited States

Employees64

CIK0001304492

ISINUS03676C1009

Key statistics

Market cap$1.80B

EPS (ttm)$3.50

P/E (ttm)26.36

ROE25.7%

P/B6.17

P/S255.69

Dividend yield—

Beta1.43vs XLC −0.51

Year to date +316% · Average volume (30d) 337.3K

Analysts

Price target, next 12 months$115.00+24.6%Median of 6 analysts · vs the Aug 28 close

ConsensusBuy4 of 6 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $92.33

High$161.00+74.4%

Median$115.00+24.6%

Low$69.00−25.3%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Target
Aug 21, 2026	D.A. Davidson	Target			$161
Jun 4, 2026	B.Riley Financial	Target			$69
Jun 4, 2026	B. Riley Securities	Downgrade	Buy	Neutral

Earnings

EPS

Estimate−$0.45

ReportedDue Nov 11, 2026

Revenue

Estimate$2.1M

ReportedDue Nov 11, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 11, 2026Q1 FY27	−$0.43	$0.01	+102.3%	$2.0M	$2.0M	−2.2%	−4.45%
Jun 10, 2026Q4 FY26	−$0.56	−$0.41	+26.8%	$1.6M	$2.0M	+25.1%	+25.72%
Feb 11, 2026Q3 FY26	−$0.57	−$0.35	+38.6%	$1.5M	$1.6M	+7.2%	−1.45%
Nov 12, 2025Q2 FY26	−$0.65	−$0.14	+78.5%	$1.4M	$1.6M	+8.6%	+13.68%

View details

Financial highlights

	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	$1.4M	$1.4M	$1.6M	$1.6M	$2.0M	$2.0M
Gross profit	$1.4M	$1.4M	$1.6M	$1.6M	$2.0M	$2.0M
Operating income	$9.4M	$22.5M	$60.7M	−$9.1M	$19.8M	−$246.0K
Net income	$9.2M	$25.2M	$53.5M	−$6.6M	$18.5M	$240.0K
Diluted EPS	$0.49	$1.35	$2.86	−$0.35	$0.98	$0.01
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Operating margin	676.5%	1,585.4%	3,909.5%	-576.0%	1,013.0%	-12.6%

Fiscal years (4-quarter sums)FY22 $1.1M · FY23 $1.9M · FY24 $4.2M · FY25 $6.0M · FY26 $6.5M

Revenue by product · Q1 FY27

Spectrum$935.0K · 61%

Evergy$385.0K · 25%

Ameren Corporation$206.0K · 13%

Balance sheet, Jun 30, 2026Cash & short-term investments $116.0M · Total debt $4.1M · Total assets $497.9M · Shareholders' equity $285.8M

Dividends

No dividends on record.

Ownership

Institutions 100.08%Insiders 10.65%

A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.

Shares outstanding 19.50M · Float —

Float — provider float is below the insider stake.

The provider's float is smaller than the insider stake it should exclude, so it is not shown.

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
Jeffrey A. Altman	5.55M	28.50%	13D	Jul 8, 2026
Owl Creek Asset Management, L.P.	5.41M	27.75%	13F	Aug 14, 2026
T. Rowe Price Investment Management, Inc.	2.35M	12.00%	13G	Jul 8, 2026
Heard Investment Manager LLC	1.74M	9.40%	13D	Mar 5, 2025
Heard Capital LLC	1.72M	8.80%	13F	Aug 11, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 25, 2026	Christopher Guttman-McCabe	officer: Chief Reg & Comm Officer	−23,439	$92.36
Aug 24, 2026	Thomas R. Kuhn	director, other: Executive Chairman	−10,000	$88.85
Jun 18, 2026	Thomas R. Kuhn	director, other: Executive Chairman	−1,654	$79.52
Aug 14, 2026	William Heard	director	−46,400	$90.11
Aug 14, 2026	Scott A. Lang	director, officer: President and CEO	−35,057	$90.22