We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Anterix Inc. (ATEX - Free Report) signed an agreement with Oncor Electric Delivery Company LLC, enabling the latter to acquire 900 MHz broadband spectrum essential for establishing a private wireless broadband network across its service territory. The strategic move aims to revolutionize Oncor’s communication capabilities, enhancing grid awareness and operational intelligence.
The Spectrum License Sale agreement, valued at $102.5 million, provides Oncor with 900 MHz broadband licenses, facilitating the deployment of a private LTE network. This network will empower Oncor with next-generation broadband for critical data and voice services, promising improved resilience, efficient data transmission and superior communication. The benefits extend beyond Oncor, showcasing the advantages of private LTE technology within the utility sector.
Oncor, headquartered in Dallas, operates the largest electricity transmission and distribution system in Texas. Serving more than 4 million homes and businesses, Oncor’s robust infrastructure will significantly benefit from the enhanced capabilities offered by the new network.
The agreement underscores the advantages of private LTE and expands Anterix’s network of utility partnerships nationwide. The collaboration aims to bolster energy resilience and reliability within the Electric Reliability Council of Texas market.
Key aspects of the agreement include:
• Assignment of 6 MHz of broadband spectrum across 95 counties in Oncor’s service territory. • Anterix’s commitment to clear third-party incumbents from the spectrum allocation. • Expected completion of spectrum delivery by fiscal 2026, with phased payments totaling $102.5 million.
Upon completion, Anterix will address another FCC-designated “complex system,” defined as systems with 45 or more integrated sites. This agreement illustrates ATEX’s flexible approach to monetizing its 900 MHz spectrum, particularly in collaboration with utilities managing such complex systems.
Headquartered in Woodland Park, NJ, Anterix is a premier wireless communications firm. It reportedly holds the largest licensed spectrum in the 900 MHz band, with coverage throughout the United States, Alaska, Hawaii and Puerto Rico. Anterix expects to monetize its spectrum assets to generate long-term value. The partnership not only enhances Oncor’s operational capabilities but also highlights Anterix’s pivotal role in advancing private wireless networks across the utility industry.
The ATEX stock has gained 17% over the past year against the industry’s decline of 55.6%.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.7%. It delivered an earnings surprise of 15.4%, on average, in the trailing four quarters.
ANET holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products. It remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Harmonic Inc. (HLIT - Free Report) , currently carrying a Zacks Rank #2 (Buy), is another key pick in the broader industry. Headquartered in San Jose, CA, the company provides video delivery software, products, system solutions and services worldwide.
With more than three decades of experience, HLIT has revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit Internet service to consumers' homes and mobile devices. Harmonic delivered an earnings surprise of 5.6%, on average, in the trailing four quarters.
Motorola Solutions, Inc. (MSI - Free Report) , carrying a Zacks Rank #2 at present, delivered an earnings surprise of 7.5%, on average, in the trailing four quarters. It has a long-term earnings growth expectation of 9.5%.
Motorola provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products, and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Anterix (ATEX) Spectrum Powers Oncor's Private Wireless Network
Anterix Inc. (ATEX - Free Report) signed an agreement with Oncor Electric Delivery Company LLC, enabling the latter to acquire 900 MHz broadband spectrum essential for establishing a private wireless broadband network across its service territory. The strategic move aims to revolutionize Oncor’s communication capabilities, enhancing grid awareness and operational intelligence.
The Spectrum License Sale agreement, valued at $102.5 million, provides Oncor with 900 MHz broadband licenses, facilitating the deployment of a private LTE network. This network will empower Oncor with next-generation broadband for critical data and voice services, promising improved resilience, efficient data transmission and superior communication. The benefits extend beyond Oncor, showcasing the advantages of private LTE technology within the utility sector.
Oncor, headquartered in Dallas, operates the largest electricity transmission and distribution system in Texas. Serving more than 4 million homes and businesses, Oncor’s robust infrastructure will significantly benefit from the enhanced capabilities offered by the new network.
The agreement underscores the advantages of private LTE and expands Anterix’s network of utility partnerships nationwide. The collaboration aims to bolster energy resilience and reliability within the Electric Reliability Council of Texas market.
Key aspects of the agreement include:
• Assignment of 6 MHz of broadband spectrum across 95 counties in Oncor’s service territory.
• Anterix’s commitment to clear third-party incumbents from the spectrum allocation.
• Expected completion of spectrum delivery by fiscal 2026, with phased payments totaling $102.5 million.
Upon completion, Anterix will address another FCC-designated “complex system,” defined as systems with 45 or more integrated sites. This agreement illustrates ATEX’s flexible approach to monetizing its 900 MHz spectrum, particularly in collaboration with utilities managing such complex systems.
Headquartered in Woodland Park, NJ, Anterix is a premier wireless communications firm. It reportedly holds the largest licensed spectrum in the 900 MHz band, with coverage throughout the United States, Alaska, Hawaii and Puerto Rico. Anterix expects to monetize its spectrum assets to generate long-term value. The partnership not only enhances Oncor’s operational capabilities but also highlights Anterix’s pivotal role in advancing private wireless networks across the utility industry.
The ATEX stock has gained 17% over the past year against the industry’s decline of 55.6%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Anterix currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.7%. It delivered an earnings surprise of 15.4%, on average, in the trailing four quarters.
ANET holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products. It remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Harmonic Inc. (HLIT - Free Report) , currently carrying a Zacks Rank #2 (Buy), is another key pick in the broader industry. Headquartered in San Jose, CA, the company provides video delivery software, products, system solutions and services worldwide.
With more than three decades of experience, HLIT has revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit Internet service to consumers' homes and mobile devices. Harmonic delivered an earnings surprise of 5.6%, on average, in the trailing four quarters.
Motorola Solutions, Inc. (MSI - Free Report) , carrying a Zacks Rank #2 at present, delivered an earnings surprise of 7.5%, on average, in the trailing four quarters. It has a long-term earnings growth expectation of 9.5%.
Motorola provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products, and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.