Anterix has one year to prove it can turn its FMP Telephone Communications business into a meaningful revenue generator, and the next catalyst — a $250M share buyback authorized on September 22 — is the first test. The stock is expected to trade between $70.77 and $85.94, with a bearish lean, but the real question is whether the market will see this as a sign of confidence or a desperate move. The second test comes in November with Q3 earnings, where the stock could rally to $89.39 or fall to $74.49, depending on how the numbers stack up against a sector that’s been mixed this year.
The Read
6% after a major utility licensing deal, continued higher 19.
The schedule
- Tue22Sep
- Mon9Nov
Past
- Thu25Jun
Actual outcome: Bull · $106.07 at outcome
Anterix met EPS expectations at -$0.35, but the stock's strong performance was driven by significant regulatory and strategic developments. The company received FCC approval to test 900 MHz satellite-enabled direct-to-device enterprise communications with Lynk Global, and management highlighted plans to monetize this expanded spectrum position, fueling investor optimism and pushing shares well above the bull target.
- Fri15May
Actual outcome: Bull · $63.73 at outcome
The anticipated risk of a dilutive equity offering did not materialize during the period. Instead, Anterix announced it received FCC approval to test 900 MHz satellite-enabled direct-to-device enterprise communications in partnership with Lynk Global. This positive regulatory development and management's focus on monetizing its expanded spectrum position drove the stock higher, ultimately surpassing the bull target.
- Tue21Apr
Actual outcome: Bull · $50.55 at outcome
Anterix successfully delivered on its catalyst by announcing a major utility licensing agreement with Public Utility District No. 1 of Benton County to deploy a 900 MHz private wireless network. This milestone, coupled with positive sentiment around its spectrum assets and a Qualcomm partnership, validated the bull case and drove shares well past the $46.50 target.
- Tue10Feb
Actual outcome: Bull · $31.89 at outcome
Anterix delivered a strong fundamental beat, reporting a Q3 loss of $0.35 per share, significantly better than the expected loss of $0.57, and also topping revenue estimates. This positive surprise alleviated concerns regarding the anticipated income reset and normalization of earnings following the prior quarter's non-cash gain. The strong results drove the stock up 10.7% and well past the $27.50 bull target.
