Anterix Shares Surge 26% as Company Engages Morgan Stanley for Strategic Review
Anterix (ATEX, Financials) shares jumped 26% to $35.91 at 11:47 am GMT-5 on Tuesday after the company announced it has engaged Morgan Stanley & Co. LLC as a financial advisor to initiate a strategic review process in response to inbound interest, Anterix said in a statement.
Warning! GuruFocus has detected 3 Warning Signs with ATEX.
Providing private wireless broadband solutions for utilities, the business said the assessment is to evaluate chances to profit from rising demand for its products. Anterix pointed out that there is no guarantee of the result and did not provide a chronology for finishing the procedure.
Anterix separately launched a new industry engagement project intended to hasten the implementation of 900 MHz private wireless broadband networks. Along with possible alliances with members of its 120-plus firm ecosystem, the corporation said the endeavor will entail a review of pricing, payment arrangements, and ownership conditions.
Anterix's president and CEO, Scott Lang, said the project is meant to cut the time frame for utilities to benefit from private wireless broadband networks. Utilities trying to upgrade grid communications have already shown great interest in the startup, he pointed out.
As the leading provider of private wireless broadband, zero debt, and a strong customer pipeline, it does not surprise us that we have had some inbound strategic interest, Lang said.
The business underlined once again that it would provide updates on the strategic review process in line with legal responsibilities.
Anterix is set to report third-quarter fiscal 2025 earnings on Wednesday at 9 a.m. ET.
This article first appeared on GuruFocus.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
19 minutes ago
- Business Insider
Tesla still holds many valuable apolitical cards, says Morgan Stanley
Morgan Stanley analyst Adam Jonas says that while the disagreement between Elon Musk and President Trump will help Tesla (TSLA) demand and could potentially 'alienate multiple sides of the political spectrum,' the company 'still holds so many valuable cards that are largely apolitical.' The longer-term vectors that drive the stock's value have not changed much, and include Tesla's artificial intelligence leadership, robotics, manufacturing, supply chain re-architecture, renewable power, and critical infrastructure, the analyst tells investors in a research note. Further, Morgan Stanley does not believe the phasing out of electric vehicle tax credits in the 'Big Beautiful Bill' is material to the long term outlook for Tesla. It reiterates an Overweight rating on the shares with a $410 price target Confident Investing Starts Here:
Bloomberg
21 minutes ago
- Bloomberg
OPEC+ Quota Hikes Yet to Deliver Oil Surge, Morgan Stanley Says
The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that shift has yet to translate into big gains in actual output, according to Morgan Stanley. 'Notwithstanding the around 1 million-barrel-a-day increase in production quotas between March and June, an actual increase in production is hard to detect,' analysts including Martijn Rats said in a June 9 note. 'Notably, it does not appear that production in Saudi Arabia has ramped up significantly.'
Yahoo
12 hours ago
- Yahoo
I'm a Gen Zer who landed a 6-figure job at Morgan Stanley before graduation. Here's what the process was like — and why you should refresh a surprisingly important part of your résumé.
Sara Thomas, a University of Chicago student, secured a role at Morgan Stanley before graduation. She said networking, campus finance clubs, and an often overlooked resumé section helped her land the role. Gen Z continues to be attracted to Wall Street careers, despite the long hours and high demands. This as-told-to essay is based on a conversation with Sara Thomas, 22, a 2025 graduate from the University of Chicago and incoming investment banking analyst at Morgan Stanley. Business Insider's recent "Path to Wall Street" series highlighted how finance careers continue to attract young talent, despite the industry's long hours and demanding entry-level roles. Entry-level bankers typically earn about $110,000 a year, not including bonuses. This interview has been edited for length and clarity. I had barely decided on banking as a career choice when I had to start preparing for interviews. My experience was similar to most stories I've heard about the banking world: the recruiting process starts early. Before submitting my internship applications, I spoke to about five people at each major bank — mostly recent UChicago grads and people the university's career advancement program connected me with — so they would recognize my name when they saw my résumé. Cold LinkedIn messaging didn't work very well for me. Those introductions are often necessary to get an interview. At most banks, I interviewed for multiple rounds, including calls focused on my personality and technical skills and a two-hour "super day." The whole process lasted about two weeks. Then, by the spring of my sophomore year, I was done. I landed an internship at Morgan Stanley, and I knew my full-time job would be set as long as I got a return offer. My prior internships had been at Bain Capital and the Chicago-based firm Ariel Investments. The only other career trajectory I considered in college was academia. I studied economics and considered getting involved with economics research, but I realized it wasn't for me. I just work better in a faster-paced finance environment. In my free time at school, I tried to focus on clubs and internships that would keep me close to startups and entrepreneurship, so I joined a venture capital fund on campus. I was also involved in a campus group for women and minorities interested in finance and investing. Those opportunities really helped me build my industry chops. I would tell any college student hoping to land a Wall Street or Silicon Valley job: be decisive. Even if investment banking or consulting isn't your lifelong passion, plan to commit to a career path sooner rather than later, so that you can give yourself the most amount of time to prepare, network, and do really well in the interviews. And, for the application process, students need to be careful with what they put on their résumé — recruiters pay a lot of attention to the "skills and interests" section at the bottom. Don't say that you're a mountain climber if you have never climbed a mountain, because people will ask you about your hobbies, and you need to be able to genuinely talk about them. Of course, your credentials matter, but I've found that recruiters are most interested in meeting well-rounded people. Job applications and postgrad life make me anxious sometimes. I've leaned on my friends a lot: Some aren't going into finance, others have gone through recruiting alongside me. I'm also grateful for my family — my Morgan Stanley role will be in San Francisco, and it will be the first time I've moved far from home, since I grew up in Chicago. Exercise has always been a coping strategy for me, too. I'm trying to build healthy habits and make sure I don't isolate myself. Those are the main ways I'm dealing with stress. Long, long term, my biggest goal is to be able to work for myself in some way. That could mean working at a big company that gives me a lot of autonomy to make decisions or starting my own company, if I am brave enough to do that. For now, I'm excited to keep building my career and learning from my coworkers. Having engaging conversations with people you've never met can be the most challenging part of the finance industry, but it's also the most rewarding. Do you have a story to share? Contact this reporter at allisonkelly@ or via Signal at alliekelly.10; here's our guide to sharing information securely. Read the original article on Business Insider
