Anterix Inc. Common Stock (ATEX)
Anterix Inc. (ATEX) is a wireless communications company that focuses on enabling the secure and reliable broadband infrastructure for utility and other critical communications. It primarily owns and develops spectrum assets in the 900 MHz band, which are used to support private LTE networks for utilities, transportation, and other industries requiring mission-critical connectivity.
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The article highlights three stocks - Enovix Corp (ENVX), Anterix Inc. (ATEX), and Xperi Inc. (XPER) - that have the potential to double in price based on analyst price targets and positive business outlook.
Ericsson, GE Vernova, and Nokia are collaborating with Anterix to offer high-value incentives to utilities for the adoption of 900 MHz private wireless networks, accelerating the digital transformation of the power grid.
The agreement underscores the advantages of private LTE and expands Anterix's (ATEX) network of utility partnerships nationwide.
U.S. stocks were mixed toward the end of trading, with the Dow Jones trading slightly lower on Friday. The Dow traded down 0.05% to 34,052.86 while the NASDAQ rose 0.34% to 13,269.58. The S&P 500 also rose, gaining, 0.13% to 4,335.45. Check This Out: McDonald's, Halliburton And 2 Other Stocks Insiders Are Selling  Leading and Lagging Sectors Information technology shares rose by 0.7% on Friday. In trading on Friday, consumer discretionary shares fell by 0.5%.  Top Headline The S&P Global manufacturing PMI rose to 48.9 in September from 47.9 in the prior month, beating market estimates of 48. The S&P Global services PMI declined to 50.2 in September from 50.5 in August, below estimates of 50.6.  Equities Trading UP MicroAlgo Inc. (NASDAQ: MLGO) shares shot up 23% to $4.9685 after it unveiled a knowledge-enhanced backtracking search algorithm to boost the performance and efficiency of research institutions. Shares of Anterix Inc. (NASDAQ: ATEX) got a boost, shooting 14% to $33.75. Anterix announced authorization of a new $250 million share repurchase program over three-year period. Mondee Holdings, Inc. (NASDAQ: MOND) shares were also up, gaining 29% to $4.4804 after the company announced that its board of directors approved a $30 million share repurchase program.  Equities Trading DOWN Neptune Wellness ...