Anterix Surges 163% in the Past Year on Utility Broadband Adoption

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โดย Zacks Investment Research·Read original
Summary · why it matters

Anterix, Inc. has surged 163% over the past year, outperforming the industry's growth of 102.7% and Ericsson's 38.5% gain, but lagging Bandwidth Inc.'s 265.5% surge. The company is benefiting from electric utilities' digital transformation, as its unique portfolio of 900 MHz broadband spectrum licenses enables private LTE networks for grid modernization. Anterix recently launched a $250 million AnterixAccelerator program to help utilities accelerate broadband deployment, though elongated utility decision cycles remain a risk, with $50 million in contracted proceeds still outstanding at fiscal year-end. Zacks Investment Research rates the stock a Hold.

Impact on stocks 4

Smart City / Autonomous Infrastructure · 1 stocks
Anterix Inc
ATEX
▲ PositiveDemandrelevance

Electric utilities' digital transformation drives adoption of Anterix's 900 MHz broadband spectrum for private LTE networks.

Artificial Intelligence · 1 stocks
Cloud & Digital Infrastructure · 1 stocks
Information Technology · 1 stocks

Theme Impact 1

Off-coverage companies 1

Zacks Investment Research, Inc.Private± Mixed
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