Anterix Inc Stock Price, News & Analysis

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.

Anterix (NASDAQ: ATEX) held its virtual annual stockholder meeting on August 6, 2021, but it was adjourned due to technical difficulties with the hosting platform. The meeting will reconvene on the same day at 12 PM ET. Stockholders can participate through a live audio webcast, allowing them to vote and ask questions. Anterix focuses on providing private broadband solutions, holding the largest licensed spectrum in the 900 MHz band across the contiguous U.S., Hawaii, Alaska, and Puerto Rico, aimed at modernizing critical infrastructure.

Anterix (NASDAQ: ATEX) will release its first quarter fiscal 2022 financial results after market close on August 11, 2021, followed by an investor conference call at 4:45 PM ET. Interested participants can join the call by dialing 888-267-2845 with conference code 512214. A replay will be available on Anterix's Investor Relations page.

Anterix is focused on providing private broadband solutions for critical infrastructure across various sectors, leveraging its position as the largest holder of licensed spectrum in the 900 MHz band.

Ericsson and Anterix are partnering to enhance private network models for utilities in the U.S. The FCC has certified the Ericsson Radio 2212/2012 for use in the 900MHz spectrum, supporting utilities' shift towards more secure and flexible infrastructures. This collaboration aligns with the global trend of digitizing operations to address rising cyber threats. Ericsson has experience with both large and small utilities in North America, facilitating a transition to 4G/LTE with a pathway to 5G.

Anterix (NASDAQ: ATEX) and Motorola Solutions (NYSE: MSI) have entered into an agreement to enhance private LTE networks for utility companies, aiming to modernize the electric grid. This collaboration builds on Motorola's existing Private Broadband for Critical Infrastructure platform and the FCC's transition of the 900 MHz band to broadband. Anterix's licensed spectrum will enable utilities to deploy advanced LTE networks, providing better service to customers. They are also assisting Xcel Energy in evaluating a private LTE solution for improved grid management.

Anterix (NASDAQ: ATEX) and Nokia (NYSE: NOK) have formed a partnership aimed at advancing the deployment of 900 MHz private LTE networks in the U.S. utility sector. Utilizing Anterix's licensed 900 MHz spectrum and Nokia's private LTE infrastructure, this collaboration seeks to enhance communication for utilities transitioning to more modern grids. The joint solution will leverage technologies like Nokia's Digital Automation Cloud and Modular Private Wireless, ensuring high-performance connectivity crucial for the digitalization and automation of utility operations.