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Anterix Stock Price, News & Analysis (NASDAQ:ATEX)

$38.99
+0.43 (+1.12 %)
(As of 10/18/2019 09:15 AM ET)
Today's Range
$38.71
Now: $38.99
$39.52
50-Day Range
$35.01
MA: $38.40
$42.16
52-Week Range
$30.64
Now: $38.99
$51.33
Volume29,780 shs
Average VolumeN/A
Market Capitalization$578.61 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Anterix Inc. operates as a wireless communications company. The company focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Hawaii, Alaska, and Puerto Rico. The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019. Anterix Inc. was incorporated in 1997 and is headquartered in Woodland Park, New Jersey.

Industry, Sector and Symbol

Industry Telephone communication, except radio
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:ATEX
CUSIPN/A
CIKN/A
Phone973-771-0300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.50 million
Book Value$12.26 per share

Profitability

Net Income$-41,990,000.00
Net Margins-769.30%

Miscellaneous

Employees58
Market Cap$578.61 million
Next Earnings Date11/6/2019 (Estimated)
OptionableNot Optionable

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Anterix (NASDAQ:ATEX) Frequently Asked Questions

What is Anterix's stock symbol?

Anterix trades on the NASDAQ under the ticker symbol "ATEX."

How were Anterix's earnings last quarter?

Anterix Inc (NASDAQ:ATEX) announced its quarterly earnings results on Thursday, August, 8th. The company reported ($0.63) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.66) by $0.03. The firm earned $0.45 million during the quarter, compared to the consensus estimate of $0.79 million. Anterix had a negative net margin of 769.30% and a negative return on equity of 19.16%. View Anterix's Earnings History.

When is Anterix's next earnings date?

Anterix is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Anterix.

What price target have analysts set for ATEX?

3 analysts have issued 1 year target prices for Anterix's stock. Their predictions range from $59.00 to $80.00. On average, they expect Anterix's stock price to reach $66.67 in the next year. This suggests a possible upside of 71.0% from the stock's current price. View Analyst Price Targets for Anterix.

What is the consensus analysts' recommendation for Anterix?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Anterix in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Anterix.

What are Wall Street analysts saying about Anterix stock?

Here are some recent quotes from research analysts about Anterix stock:
  • 1. According to Zacks Investment Research, "Anterix Inc. operates as a wireless communications company. It focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. The company operates primarily in the United States, Hawaii, Alaska and Puerto Rico. Anterix Inc., formerly known as pdvWireless Inc., is based in Woodland Park, New Jersey. " (10/16/2019)
  • 2. Evercore ISI analysts commented, "We look at two different approaches for valuing ATEX. First, we look at the shares’ value on a straightforward $/MHz-Pop basis. Using this method, we estimate shares are trading at ~$0.47/MHz- Pop, net of upcoming retuning costs. Using a $0.88 value (weighted average of recent low-band auction and private market transactions), we reach a $79/share valuation for ATEX based on its spectrum holdings. We also consider what a fair valuation for ATEX could be on a P/FCF or EV/EBITDA basis five years out, once the company’s spectrum deployment is largely complete. For this analysis, we use typical metrics for tower companies, given that the models are broadly similar, and then discount the implied valuation back to YE20, reaching a $85 blended value." (8/9/2019)

Has Anterix been receiving favorable news coverage?

Media stories about ATEX stock have been trending neutral on Friday, InfoTrie reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Anterix earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Anterix.

Are investors shorting Anterix?

Anterix saw a increase in short interest during the month of September. As of September 15th, there was short interest totalling 646,200 shares, an increase of 37.3% from the August 15th total of 470,600 shares. Based on an average daily volume of 135,100 shares, the days-to-cover ratio is presently 4.8 days. Currently, 4.8% of the company's shares are sold short. View Anterix's Current Options Chain.

Who are some of Anterix's key competitors?

What other stocks do shareholders of Anterix own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Anterix investors own include Mondi (MNDI), Analog Devices (ADI), Micron Technology (MU), AbbVie (ABBV), TJX Companies (TJX), Applied Optoelectronics (AAOI), Axon Enterprise (AAXN), Advanced Micro Devices (AMD), Amarin (AMRN) and Cisco Systems (CSCO).

Who are Anterix's key executives?

Anterix's management team includes the folowing people:
  • Mr. Morgan E. O'Brien, CEO & Director (Age 74)
  • Mr. Robert H. Schwartz, Pres & COO (Age 53)
  • Mr. Timothy A. Gray, Chief Financial Officer (Age 49)
  • Mr. Frank Creede, Chief Technical Officer (Age 61)
  • Natasha Vecchiarelli, Director of Corp. Communications

Who are Anterix's major shareholders?

Anterix's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Roubaix Capital LLC (0.61%). Company insiders that own Anterix stock include Bravo Fund Ii LP Pimco, Brian Mcauley, Owl Creek Asset Management, L, Richard E Rohmann, Stephen Feinberg and Thomas J Sidman. View Institutional Ownership Trends for Anterix.

Which major investors are buying Anterix stock?

ATEX stock was acquired by a variety of institutional investors in the last quarter, including Roubaix Capital LLC. Company insiders that have bought Anterix stock in the last two years include Owl Creek Asset Management, L and Thomas J Sidman. View Insider Buying and Selling for Anterix.

How do I buy shares of Anterix?

Shares of ATEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Anterix's stock price today?

One share of ATEX stock can currently be purchased for approximately $38.99.

How big of a company is Anterix?

Anterix has a market capitalization of $578.61 million and generates $6.50 million in revenue each year. The company earns $-41,990,000.00 in net income (profit) each year or ($2.88) on an earnings per share basis. Anterix employs 58 workers across the globe.View Additional Information About Anterix.

What is Anterix's official website?

The official website for Anterix is http://www.anterix.com/.

How can I contact Anterix?

Anterix's mailing address is 3 GARRET MOUNTAIN PLAZA SUITE 401, WOODLAND PARK NJ, 07424. The company can be reached via phone at 973-771-0300 or via email at [email protected]


MarketBeat Community Rating for Anterix (NASDAQ ATEX)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  5 (Vote Outperform)
Underperform Votes:  7 (Vote Underperform)
Total Votes:  12
MarketBeat's community ratings are surveys of what our community members think about Anterix and other stocks. Vote "Outperform" if you believe ATEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ATEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/18/2019 by MarketBeat.com Staff

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