Anterix Inc. (ATEX)

Anterix's stock has trended downwards, experiencing a decline of 30.09% in the past six months and 37.84% over the past year as of October 16, 2025. Key events impacting the stock price include executive leadership changes in September 2025. The company reported its first-quarter fiscal year 2026 results on August 12, 2025, reporting a loss and missing revenue estimates. Anterix announced it had engaged Morgan Stanley to initiate a formal strategic review process in February 2025. Anterix Inc. was dropped from the Russell Small Cap Comp Value Index on June 30, 2025, and from the Russell 3000 Value Index on June 29, 2025. Anterix's CFO, Timothy Gray, was announced to step down. Tom Kuhn was appointed Chairman of the Board of Directors in December 2024.

Demand for Anterix's products and services is primarily driven by long-term trends within the utility and critical infrastructure sectors rather than traditional seasonal fluctuations. These drivers include the energy transition to clean energy sources, decentralization of the grid, electrification, and increasing energy demand from data centers. Anterix typically enters into long-term lease agreements with its utility customers, often spanning around 20 years, suggesting a consistent, non-seasonal demand for their solutions.

Anterix, Inc. is a telecommunications company focused on commercializing its licensed 900 MHz spectrum assets to enable utility and critical infrastructure customers to deploy private broadband networks and solutions. The company operates within the Telecommunications sector and the Telecommunications Equipment industry. Anterix's major products and solutions include CatalyX, complementary spectrum, the Anterix Security Collective, rural broadband services, and turnkey private LTE solutions, supporting grid modernization, smart metering, distribution automation, and other mission-critical applications for electric, water, and gas utilities.

Anterix holds licensed spectrum in the 900 MHz band throughout the contiguous United States, as well as Hawaii, Alaska, and Puerto Rico. The company serves electric, water, and gas utilities across the United States and Canada.

Anterix maintains a strong brand reputation within its niche, positioning itself as a market leader in providing 900 MHz spectrum for private wireless networks to the utility sector. The company is recognized for its mission to deliver transformative broadband solutions for critical infrastructure industries, supporting digital transformations, infrastructure modernization, and cybersecurity strategies. Anterix leads an ecosystem of over 100 technology and solution providers and launched the AnterixAccelerator initiative, a $250 million investment to assist utilities in deploying private wireless broadband networks.

Anterix Inc. has significant institutional ownership, with 282 institutional owners and shareholders holding 59.50% of shares outstanding. Major institutional owners include Owl Creek Asset Management, L.P., Heard Capital LLC, BlackRock, Inc., and Vanguard Group Inc. Individual insider ownership is also substantial, with Jeffrey A. Altman being the largest individual shareholder, owning 58.42% of the company.