Why the FCC license and new CRO matter for Anterix

The recent FCC approval for Anterix (ATEX) to test satellite direct to device communications over its 900 MHz spectrum, alongside the appointment of Kim Green-Kerr as Chief Revenue Officer, gives investors fresh context for the stock’s recent move.

These developments fit directly within Anterix’s focus on private broadband networks for utilities and critical infrastructure, as electricity demand, AI driven grid management, and distributed energy resources increase the need for secure, real time connectivity.

After a sharp 68.3% 90 day share price return and a 199.8% share price return year to date, Anterix’s recent FCC license and CRO appointment appear to sit within a story of strong recent momentum, supported by a 139.4% one year total shareholder return.

If you are watching how grid and communications themes are playing out beyond Anterix, it could be worth scanning other power grid technology opportunities using the 33 power grid technology and infrastructure stocks

With Anterix up 68.3% over 90 days and 199.8% year to date, yet trading at a reported 58.5% intrinsic discount and slightly above the average analyst target, investors face a key question: is there still an opportunity here, or is the market already pricing in much of the expected growth?

Most Popular Narrative: 20.4% Overvalued

Compared with the last close at $66.64, the most followed narrative points to a fair value of $55.33, so it sees the recent strength as ahead of that estimate.

Increasing utility investment in grid modernization and digital infrastructure, including the build out of real time, secure connectivity for millions of devices, should support steady growth in spectrum leasing revenue and long duration cash flows.

Want to see what kind of revenue path and margin reset could still justify a premium here? The narrative leans on compact growth assumptions and a very demanding future profit multiple. Curious how those inputs combine to support that fair value call?

Result: Fair Value of $55.33 (OVERVALUED)

However, investors still need to watch for slower utility rollouts or less favorable FCC outcomes, either of which could challenge the current overvaluation narrative.

Another View: DCF points to deep undervaluation

The overvalued analyst narrative sits awkwardly next to the Simply Wall St DCF model, which estimates fair value at $160.51 per share. With Anterix trading at $66.64, that implies it is priced well below that future cash flow view. Which story do you trust more right now?

To see how that model works in practice and stress test the inputs for yourself, take a closer look at the Look into how the SWS DCF model arrives at its fair value.

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Anterix for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 49 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Next Steps

With such mixed signals around value and momentum, it makes sense to move quickly, test the assumptions that matter to you, weigh both sides carefully, and then size up the full picture with the 2 key rewards and 2 important warning signs

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.