Optimistic Investors Push Huddly AS (OB:HDLY) Shares Up 33% But Growth Is Lacking
Feb 04
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Norwegian (OSEAX) Communications Equipment Industry Analysis
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies4
- 7D-2.0%
- 3M11.8%
- 1Y24.0%
- YTDn/a
Over the last 7 days, the Communications Equipment industry has dropped 2.0%, driven by a pullback from Napatech of 7.9%. Meanwhile, Huddly actually outperformed within the industry, gaining 70% in the last week. This takes the industry's 12 month performance to a gain of 29%. As for the next few years, earnings are expected to grow by 39% per annum.
Industry Valuation and Performance
Has the Norwegian Communications Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Feb 2026 | NOK 9.8b | NOK 1.8b | -NOK 121,689,323.60 | 46.1x | -80.2x | 5.3x |
| Mon, 05 Jan 2026 | NOK 9.9b | NOK 1.1b | -NOK 248,634,080.68 | 69.4x | -39.7x | 9x |
| Wed, 03 Dec 2025 | NOK 9.4b | NOK 1.1b | -NOK 248,084,979.50 | 65x | -37.9x | 8.5x |
| Fri, 31 Oct 2025 | NOK 6.5b | NOK 1.0b | -NOK 288,038,766.83 | 89.3x | -22.6x | 6.4x |
| Sun, 28 Sep 2025 | NOK 5.5b | NOK 1.0b | -NOK 288,932,567.55 | 64x | -18.9x | 5.4x |
| Tue, 26 Aug 2025 | NOK 4.4b | NOK 1.0b | -NOK 300,438,884.77 | 53x | -14.8x | 4.4x |
| Thu, 24 Jul 2025 | NOK 4.7b | NOK 984.5m | -NOK 336,231,844.51 | 49.9x | -13.9x | 4.8x |
| Sat, 21 Jun 2025 | NOK 4.5b | NOK 923.9m | -NOK 335,687,429.80 | 50x | -13.3x | 4.8x |
| Mon, 19 May 2025 | NOK 3.9b | NOK 935.8m | -NOK 326,783,867.21 | 58.6x | -12x | 4.2x |
| Wed, 16 Apr 2025 | NOK 4.0b | NOK 925.9m | -NOK 308,171,090.88 | 42.4x | -13.1x | 4.3x |
| Fri, 14 Mar 2025 | NOK 4.1b | NOK 921.7m | -NOK 301,864,991.45 | 47x | -13.6x | 4.5x |
| Sun, 09 Feb 2025 | NOK 5.1b | NOK 944.5m | -NOK 295,222,015.07 | 60.3x | -17.4x | 5.4x |
| Tue, 07 Jan 2025 | NOK 5.0b | NOK 948.0m | -NOK 296,439,777.14 | 47.7x | -16.8x | 5.3x |
| Thu, 05 Dec 2024 | NOK 4.3b | NOK 965.9m | -NOK 278,255,287.19 | 51.8x | -15.4x | 4.4x |
| Sat, 02 Nov 2024 | NOK 4.8b | NOK 998.9m | -NOK 242,441,529.64 | 50.3x | -19.8x | 4.8x |
| Mon, 30 Sep 2024 | NOK 5.2b | NOK 971.5m | -NOK 235,400,343.46 | 41.5x | -22.3x | 5.4x |
| Wed, 28 Aug 2024 | NOK 5.3b | NOK 968.5m | -NOK 230,007,627.11 | 41.5x | -22.8x | 5.4x |
| Fri, 26 Jul 2024 | NOK 5.9b | NOK 1.0b | -NOK 163,917,837.71 | 43.2x | -35.9x | 5.6x |
| Sun, 23 Jun 2024 | NOK 5.5b | NOK 1.0b | -NOK 138,098,950.06 | 29.5x | -39.8x | 5.2x |
| Tue, 21 May 2024 | NOK 5.6b | NOK 1.1b | -NOK 126,108,553.51 | 26.7x | -44.7x | 5.2x |
| Thu, 18 Apr 2024 | NOK 4.3b | NOK 1.1b | -NOK 95,320,718.75 | 25.3x | -45.3x | 3.8x |
| Sat, 16 Mar 2024 | NOK 3.7b | NOK 1.1b | -NOK 97,377,557.01 | 22.8x | -38.1x | 3.3x |
| Mon, 12 Feb 2024 | NOK 3.4b | NOK 1.2b | -NOK 106,053,781.69 | 22x | -32.2x | 2.9x |
| Wed, 10 Jan 2024 | NOK 3.3b | NOK 1.2b | -NOK 107,020,378.00 | 24.7x | -30.6x | 2.8x |
| Fri, 08 Dec 2023 | NOK 2.9b | NOK 1.2b | -NOK 106,287,035.00 | 21.1x | -27.4x | 2.4x |
| Sun, 05 Nov 2023 | NOK 3.1b | NOK 1.3b | -NOK 85,384,245.00 | 19.1x | -36x | 2.5x |
| Tue, 03 Oct 2023 | NOK 3.1b | NOK 1.2b | -NOK 83,114,225.00 | 21x | -36.8x | 2.5x |
| Thu, 31 Aug 2023 | NOK 3.3b | NOK 1.2b | -NOK 86,926,688.00 | 24.2x | -37.5x | 2.7x |
| Sat, 29 Jul 2023 | NOK 3.9b | NOK 1.2b | -NOK 63,156,121.00 | 28.4x | -61.4x | 3.2x |
| Mon, 26 Jun 2023 | NOK 3.8b | NOK 1.3b | -NOK 62,131,856.00 | 26.8x | -61.3x | 3x |
| Wed, 24 May 2023 | NOK 4.0b | NOK 1.3b | -NOK 37,461,204.00 | 27.6x | -106.8x | 3x |
| Fri, 21 Apr 2023 | NOK 4.3b | NOK 1.3b | -NOK 38,057,904.00 | 39.5x | -112.6x | 3.4x |
| Sun, 19 Mar 2023 | NOK 4.2b | NOK 1.3b | -NOK 36,913,864.00 | 38.7x | -114.6x | 3.4x |
| Tue, 14 Feb 2023 | NOK 3.6b | NOK 1.2b | -NOK 29,330,331.00 | 30.4x | -122.9x | 3x |
Price to Earnings Ratio
-122.9x
Current Industry PE
- Investors are optimistic on the Norwegian Communications Equipment industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
- The earnings for companies in the Communications Equipment industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 16% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Comparison
How does Norwegian Communications Equipment compare with similar industries?
| NO Market | 2.65% | |
| Tech | 1.38% | |
| Communications | -1.98% | |
| Communications Equipment | -1.98% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HDLY Huddly | NOK 22.00 | 46.7% +NOK 191.2m | -1.8% | PS3x |