Latest news with #AnterixAccelerator
Yahoo
28-03-2025
- Business
- Yahoo
Why Is Anterix Inc (ATEX)Surging In 2025?
We recently published a list of . In this article, we are going to take a look at where Anterix Inc (NASDAQ:ATEX) stands against other telecom stocks that are surging in 2025. The telecom sector has seen many ups and downs in the past few years. Post-COVID, these stocks declined even more due to the inflation wave and the subsequent interest rate hikes. Telecommunication companies usually have significant debt on their balance sheets due to infrastructure CapEx, and they were among the hardest hit. However, rates are now slowly coming down, and these stocks are also starting to bottom out and turn a corner. Many telecom stocks are still profitable and pay dividends. Falling bond yields are making them even more attractive. It's a good idea to keep tabs on which telecom stocks are spearheading the gains so far this year. For this article, I screened the best-performing telecom stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A technician working on an aerial view of a critical infrastructure, emphasizing the importance of the company's utility services. Number of Hedge Fund Holders In Q4 2024: 21 Anterix Inc (NASDAQ:ATEX) is a wireless communications company that specializes in private broadband networks for key infrastructure sectors. The stock is up significantly so far in 2025 as Anterix initiated a strategic review process after receiving inbound interest from potential buyers or partners. This development has fueled speculation about a potential merger or acquisition. Moreover, Anterix reported a net profit of $7.7 million for Q3 FY2025. In comparison, net profit was $0.3 million in the year-ago quarter. The company also received a $34 million payment from Oncor Electric Delivery Company in January 2025. Plus, Anterix announced the AnterixAccelerator initiative to accelerate private wireless broadband adoption among utility companies. This program includes a $250 million investment and has already attracted interest from over 15 utilities. The consensus price target of $67 implies 75.67% upside. ATEX stock is up 24.16% year-to-date. Overall, ATEX ranks 4th on our list of telecom stocks that are surging in 2025. While we acknowledge the potential of ATEX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ATEX but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Associated Press
10-03-2025
- Business
- Associated Press
Anterix Unveils $250M AnterixAccelerator™
WOODLAND PARK, N.J., March 10, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX), the recognized market leader in private wireless broadband, has launched its highly anticipated AnterixAccelerator initiative with an investment of up to $250 million. During discussions with participants, which included more than 15 utilities in addition to current Anterix customers and Anterix Active Ecosystem® members, key aspects of the initiative were highlighted, including: Dollar-for-Dollar Match Ownership Terms Path to 5 MHz by 5 MHz Customized Commercial Structures Anterix White Glove Support 'This initiative reflects our unwavering commitment to helping utilities overcome the barriers to deploying 900 MHz private LTE networks. The significant interest we've seen across the industry to join the AnterixAccelerator initiative underscores the urgent need for reliable, secure, and scalable private networks in the utility sector,' said Scott Lang, President & CEO of Anterix. 'With a quarter-billion-dollar commitment, we're not just enabling the next wave of broadband deployments—we're helping to ensure that more of our nation's utilities can move forward to realize the value of these critical communications systems. Anterix's extensive expertise, valuable 900 MHz spectrum asset, and strong device and solution ecosystem uniquely position us to lead the industry in making private wireless networks more accessible and more deployable for utilities nationwide. 'As the market leader we are well positioned to deliver on this exciting initiative. We have never been stronger, with seven leading utility customers, more than 120 technology and solution providers, nearly $400 million of contracts to deploy 900 MHz private wireless broadband networks, and zero debt. We are poised to accelerate the utility industry's technological evolution.' -Scott Lang, Anterix President & CEO Shareholder Contact Natasha Vecchiarelli Vice President, Investor Relations & Corporate Communications Anterix 973-531-4397 About Anterix At Anterix, we partner with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 120 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit
