Anterix Inc (ATEX) AI Stock Analysis

Anterix Inc. is a wireless communications company specializing in leveraging its spectrum assets to enable utility and critical infrastructure customers to deploy private broadband networks and advanced technological solutions. The company commercializes its licensed spectrum holdings in the 900 MHz band, providing coverage across the United States, Alaska, Hawaii, and Puerto Rico. Originally founded in 1997 and formerly known as pdvWireless, Inc., the Woodland Park, New Jersey-based business rebranded in August 2019 to advance its focus on empowering essential service sectors with secure, reliable, and scalable communications infrastructure.

Revenue expanded from $1.1M in FY2022 to $1.9M in FY2023, $4.2M in FY2024, $6.0M in FY2025, and reached $6.5M in FY2026, reflecting a 5-year revenue CAGR of 47.8%. After reporting net income of -$37.5M in FY2022, -$16.3M in FY2023, -$9.1M in FY2024, and -$11.4M in FY2025, Anterix generated net income of $90.6M in FY2026, with a net margin of 1394.2% and EPS of $3.45. Operating margins remained negative across this period, registering -640.3% in FY2026 and -556.6% over the trailing twelve months. For the latest quarter ended June 30, 2026, quarterly revenue grew 38.1% year-over-year, while quarterly earnings declined 99.3%.

As of June 30, 2026, Anterix held $116.0M in cash and short-term investments against total debt of $4.1M, yielding net cash of $111.9M. The company maintains strong liquidity with a current ratio of 4.85 and a debt-to-equity ratio of 0.01 against shareholders' equity of $285.8M. Operating cash flow stood at $5.5M in FY2026, matching free cash flow of $5.5M. In FY2026, capital expenditures were $31,000, while share buybacks totaled $990,000.

Anterix trades at an enterprise value of $1.53B and a market cap of $1.58B. Its trailing P/E ratio is 23.0x, compared to the median of 16.2x for its US-listed Communication Services peers. The stock's price-to-sales multiple is 224.1x and EV to revenue is 218.0x, well above the peer median price-to-sales ratio of 0.8x. Over the past year, ATEX gained 287.3%, significantly outperforming the S&P 500 (SPY) return of 16.8%, though its 5-year gain of 34.3% trails the SPY 5-year return of 83.0%.

Wall Street coverage comprises 1 Strong Buy, 1 Buy, and 1 Hold rating, with no Sell or Strong Sell recommendations. The mean price target is $112.33, indicating an upside of 39.6% from the last close of $80.48. For the current fiscal year ending March 31, 2027, consensus estimates call for an EPS of -$1.11 and revenue of $20.8M. Anterix has beat EPS expectations in each of the last 4 quarters, and its next earnings date is November 11, 2026.

This page is an AI-written research summary of Anterix Inc (ATEX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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