Anterix Q3 net loss comes above expectations

Overview

• Private wireless broadband firm's fiscal Q3 net loss comes above analyst expectations

• FCC vote to expand 900 MHz broadband allocation expected to enhance capabilities

Outlook

• Anterix expects $80 mln of contracted proceeds in Q4 fiscal 2026

• FCC vote to expand 900 MHz broadband allocation expected to enhance capabilities

Result Drivers

• BROADBAND LICENSE EXCHANGE - Anterix recorded a $0.8 mln gain from exchanging narrowband for broadband licenses in 12 counties

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the wireless telecommunications services peer group is "buy"

• Wall Street's median 12-month price target for Anterix Inc is $50.00, about 73.5% above its February 10 closing price of $28.82

Press Release: ID:nGNX4w1St4

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