Anterix Inc Stock Price, News & Analysis

Anterix (NASDAQ: ATEX) announces the appointment of Chris Guttman-McCabe as its Chief Regulatory and Communications Officer to the Board of Directors of the GridWise Alliance. This role underscores the importance of modern communications for the electric grid's evolution. Guttman-McCabe brings extensive experience, having previously served 13 years at CTIA and founded CGM Advisors. This appointment enhances Anterix's leadership in technology and communications, aligning with GridWise's mission to integrate new technologies for utility advancements.

Anterix (NASDAQ: ATEX) announced that its President & CEO, Rob Schwartz, and CFO, Tim Gray, will present at Oppenheimer's Virtual Annual 5G Summit on December 14, 2021, at 2:05 PM EST. The company will also meet with investors throughout the day. A live webcast and replay of the presentation will be available on the Anterix Investor Relations website. Anterix is focused on delivering private broadband solutions, holding the largest licensed spectrum in the 900 MHz band across the contiguous U.S., Hawaii, Alaska, and Puerto Rico.

Anterix (NASDAQ: ATEX) has launched the Anterix Security Collective, a collaborative initiative involving 900 MHz private LTE cyber-physical solutions providers aimed at enhancing security for utilities. This Collective is part of the Anterix Active Ecosystem Program (AAEP), which has grown from 37 to over 65 participating companies since May 2021. Initial members include firms like Mandiant and Qubitekk, committed to addressing unique Operational Technology security challenges for utilities. Anterix's strategic move underscores its focus on delivering secure private broadband solutions to critical infrastructure sectors.

Anterix (NASDAQ: ATEX) announced the successful completion of Phases I and II of a high-impact project with the U.S. Department of Energy's NREL. The project validated the performance of Anterix's 900 MHz private LTE network for critical grid communications. NREL's tests demonstrated the effectiveness of wireless communications in utility applications aimed at grid modernization and decarbonization goals. The project involved collaboration with an Industry Advisory Board of six utilities across 18 states, focusing on real-world utility use cases.

Anterix (NASDAQ: ATEX) announced that three of its leaders, Gena Ashe, Singleton B. McAllister, and Gregory Pratt, were recognized by Savoy Magazine as among the 2021 Most Influential Black Corporate Directors. This honor celebrates their contributions to corporate governance. Gena Ashe serves as Chief Legal Officer, Singleton B. McAllister is the Lead Independent Director, and Gregory Pratt chairs the Compensation Committee. The recognition reflects Anterix's commitment to diversity and effective board leadership, reinforcing its strategic position in delivering innovative private broadband solutions.

Anterix (NASDAQ: ATEX) will release its second quarter fiscal 2022 financial results on November 3, 2021, after the market closes. An investor conference call is set for the same day at 4:45 pm ET. Participants can access the call by calling 888-267-2845 with conference code 614582. A replay will be available on Anterix's Investor Relations website.

The company focuses on delivering private broadband solutions for critical infrastructure across sectors including energy and transportation.

Anterix (NASDAQ: ATEX) has authorized a share repurchase program to buy back up to $50 million of its common stock over two years, reflecting strong business momentum and cash flow. CEO Rob Schwartz emphasized this program as a value-return strategy for shareholders. The timing and extent of repurchases will depend on factors such as market conditions and the company's financial position. Anterix had approximately $106 million in cash and equivalents as of June 30, 2021, with 18,116,430 shares outstanding as of July 31, 2021.

Anterix (NASDAQ: ATEX) has signed a 20-year agreement with Evergy (NYSE: EVRG) for the use of its 900 MHz broadband spectrum across Evergy's service area in Kansas and Missouri. This lease, with two 10-year renewal options, aims to enhance Evergy's grid modernization by deploying a private wireless broadband communications network utilizing LTE technology. The partnership follows similar agreements with other utilities, facilitating a collaborative approach to smart grid applications and efficient energy delivery.

Anterix and Federated Wireless announced a collaboration on Aug. 11, 2021, aimed at enhancing operational reliability for electric utilities through a new offering that combines Anterix's licensed 900 MHz broadband spectrum with Federated's shared spectrum services. This integrated solution is expected to provide utilities with a multi-band option for grid communications, ensuring extensive coverage and control. With Anterix's significant spectrum holdings and Federated's CBRS expertise, the partnership aims to accelerate innovation within the utility sector, enabling modernized infrastructure and improved security.