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Anterix (ATEX) Surges 9.8%: Is This an Indication of Further Gains?
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Anterix (ATEX - Free Report) shares rallied 9.8% in the last trading session to close at $33.04. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.3% gain over the past four weeks.
Anterix is likely to benefit from the launch of an integrated platform that enables greater resilience and enhanced services between the participating networks, including cybersecurity, shared infrastructure and integration of distributed energy sources.
ATEX is reportedly the largest holder of licensed spectrum in the 900 MHz band throughout the contiguous United States. The transition to a broader suite of solutions will likely ensure greater collaboration, providing more than 75 Anterix Active Ecosystem members with the collective voice of their utility customers.
This wireless communications company is expected to post quarterly loss of $0.72 per share in its upcoming report, which represents a year-over-year change of -20%. Revenues are expected to be $0.9 million, up 164.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Anterix, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ATEX going forward to see if this recent jump can turn into more strength down the road.
Anterix is part of the Zacks Communication - Infrastructure industry. CommScope (COMM - Free Report) , another stock in the same industry, closed the last trading session 3.2% higher at $6.37. COMM has returned -19.8% in the past month.
CommScope's consensus EPS estimate for the upcoming report has changed -4% over the past month to $0.38. Compared to the company's year-ago EPS, this represents a change of +46.2%. CommScope currently boasts a Zacks Rank of #5 (Strong Sell).
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Anterix (ATEX) Surges 9.8%: Is This an Indication of Further Gains?
Anterix (ATEX - Free Report) shares rallied 9.8% in the last trading session to close at $33.04. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.3% gain over the past four weeks.
Anterix is likely to benefit from the launch of an integrated platform that enables greater resilience and enhanced services between the participating networks, including cybersecurity, shared infrastructure and integration of distributed energy sources.
ATEX is reportedly the largest holder of licensed spectrum in the 900 MHz band throughout the contiguous United States. The transition to a broader suite of solutions will likely ensure greater collaboration, providing more than 75 Anterix Active Ecosystem members with the collective voice of their utility customers.
This wireless communications company is expected to post quarterly loss of $0.72 per share in its upcoming report, which represents a year-over-year change of -20%. Revenues are expected to be $0.9 million, up 164.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Anterix, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ATEX going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Anterix is part of the Zacks Communication - Infrastructure industry. CommScope (COMM - Free Report) , another stock in the same industry, closed the last trading session 3.2% higher at $6.37. COMM has returned -19.8% in the past month.
CommScope's consensus EPS estimate for the upcoming report has changed -4% over the past month to $0.38. Compared to the company's year-ago EPS, this represents a change of +46.2%. CommScope currently boasts a Zacks Rank of #5 (Strong Sell).