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U.S. Communications Industry Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies76
  • 7D0.5%
  • 3M5.1%
  • 1Y25.7%
  • YTD26.4%

Over the last 7 days, the Communications industry has remained flat. As for the the longer term, the industry is up 26% over the past 12 months. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the U.S. Communications Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025US$660.9bUS$105.8bUS$16.6b32.2x39.8x6.2x
Mon, 03 Nov 2025US$689.8bUS$103.8bUS$16.0b32x43.2x6.6x
Wed, 01 Oct 2025US$642.0bUS$103.3bUS$16.0b29.8x40.1x6.2x
Fri, 29 Aug 2025US$614.3bUS$103.0bUS$16.2b26.3x37.8x6x
Sun, 27 Jul 2025US$572.8bUS$100.6bUS$14.0b28.6x40.9x5.7x
Tue, 24 Jun 2025US$540.7bUS$105.7bUS$14.3b27.3x37.7x5.1x
Thu, 22 May 2025US$532.2bUS$105.5bUS$14.5b25.7x36.8x5x
Sat, 19 Apr 2025US$454.4bUS$102.8bUS$12.4b24.1x36.5x4.4x
Mon, 17 Mar 2025US$493.9bUS$103.1bUS$12.4b25.4x39.9x4.8x
Wed, 12 Feb 2025US$575.8bUS$102.7bUS$12.2b26.5x47x5.6x
Fri, 10 Jan 2025US$547.3bUS$102.4bUS$12.1b24.2x45.2x5.3x
Sun, 08 Dec 2024US$543.0bUS$102.5bUS$12.1b24.8x44.8x5.3x
Tue, 05 Nov 2024US$496.3bUS$102.8bUS$12.0b23.7x41.2x4.8x
Thu, 03 Oct 2024US$479.7bUS$102.9bUS$12.0b24.6x40x4.7x
Sat, 31 Aug 2024US$452.7bUS$103.1bUS$12.0b27.2x37.8x4.4x
Mon, 29 Jul 2024US$345.5bUS$92.3bUS$12.2b27.6x28.4x3.7x
Wed, 26 Jun 2024US$342.0bUS$92.7bUS$12.6b26.3x27.1x3.7x
Fri, 24 May 2024US$339.5bUS$92.9bUS$12.7b27.3x26.8x3.7x
Sun, 21 Apr 2024US$377.1bUS$104.8bUS$16.3b30.1x23.2x3.6x
Tue, 19 Mar 2024US$398.0bUS$104.8bUS$16.3b31.4x24.4x3.8x
Thu, 15 Feb 2024US$390.5bUS$105.8bUS$16.7b29.8x23.4x3.7x
Sat, 13 Jan 2024US$337.3bUS$96.1bUS$15.1b25.1x22.3x3.5x
Mon, 11 Dec 2023US$315.5bUS$96.1bUS$15.1b25.2x20.9x3.3x
Wed, 08 Nov 2023US$328.1bUS$94.9bUS$14.7b23.4x22.4x3.5x
Fri, 06 Oct 2023US$320.9bUS$94.7bUS$14.6b23.3x21.9x3.4x
Sun, 03 Sep 2023US$351.9bUS$94.7bUS$14.6b31x24x3.7x
Tue, 01 Aug 2023US$314.5bUS$91.6bUS$13.4b24.4x23.4x3.4x
Thu, 29 Jun 2023US$311.4bUS$91.4bUS$13.5b23.6x23.1x3.4x
Sat, 27 May 2023US$310.0bUS$91.2bUS$13.5b23x23x3.4x
Mon, 24 Apr 2023US$292.1bUS$89.1bUS$13.2b25.1x22.2x3.3x
Wed, 22 Mar 2023US$315.0bUS$89.0bUS$13.1b24.3x24x3.5x
Fri, 17 Feb 2023US$310.4bUS$88.5bUS$12.9b29.3x24.1x3.5x
Sun, 15 Jan 2023US$295.5bUS$86.7bUS$13.0b26.9x22.7x3.4x
Tue, 13 Dec 2022US$303.1bUS$86.7bUS$13.0b30.3x23.2x3.5x
Price to Earnings Ratio

23.2x


Total Market Cap: US$303.1bTotal Earnings: US$13.0bTotal Revenue: US$86.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 31x202320242025
Current Industry PE
  • Investors are optimistic on the American Communications industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.8x which is higher than its 3-year average PE of 31.0x.
  • The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 8.4% per year over the last three years.
  • Revenues for these companies have grown 6.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market0.48%
Tech1.62%
Communications0.49%
Communications Equipment0.49%
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?

CompanyLast Price7D1YValuation
CSCO Cisco SystemsUS$77.971.3%
+US$4.1b		30.2%PE29.8x
MSI Motorola SolutionsUS$374.391.3%
+US$784.5m		-23.6%PE29.5x
FFIV F5US$248.123.7%
+US$520.5m		-3.5%PE20.8x
LITE Lumentum HoldingsUS$331.411.9%
+US$443.2m		257.0%PE208.9x
ONDS Ondas HoldingsUS$9.0714.8%
+US$435.9m		1,028.2%PS136.5x

Latest News

UI
US$577.92
Ubiquiti
7D
-0.9%
1Y
67.7%
CSCO
US$77.97
Cisco Systems
7D
1.3%
1Y
30.2%

CSCO: AI Networking Cycle Will Offset Security And ESG Uncertainty

Analysts modestly raised their price target on Cisco Systems to $87 from $77, citing a multi year networking and AI infrastructure growth cycle, stronger than expected revenue and operating margins, and confidence that management’s conservative outlook can be exceeded, despite lingering security headwinds. Analyst Commentary Bullish analysts see Cisco as entering a multi year upcycle, underpinned by artificial intelligence infrastructure demand, a broad networking refresh and resilient profitability metrics that justify higher valuation multiples.
ANET
US$128.59
Arista Networks
7D
-1.6%
1Y
18.8%
AVNW
US$21.02
Aviat Networks
7D
-4.9%
1Y
20.9%
VIAV
US$18.32
Viavi Solutions
7D
2.1%
1Y
75.0%
VSAT
US$34.96
Viasat
7D
1.8%
1Y
297.3%
MSI
US$374.39
Motorola Solutions
7D
1.3%
1Y
-23.6%

MSI: Fiscal 2025 Sales Stability And Recurring Revenue Will Drive Future Upside

Analysts have modestly lowered their price target on Motorola Solutions to $495 from $509, citing solid sales guidance but noting short-term booking slowdowns and persisting deal delays. Analyst Commentary Analyst sentiment toward Motorola Solutions remains mixed, reflecting both optimism about the company’s ongoing performance and caution regarding near-term challenges.
COMM
US$19.17
CommScope Holding Company
7D
-2.9%
1Y
261.0%

COMM: Upcoming Asset Sale And Product Launches Will Drive Stock Outperformance

Analysts have slightly revised their target price for CommScope Holding Company, now setting it at $22.67. They attribute this modest adjustment to updated modeling around discount rate and profitability assumptions.
DGII
US$45.09
Digi International
7D
7.8%
1Y
38.8%

DGII: Healthy Demand Pipeline Will Support Recurring Revenue Milestone By 2028

The analyst price target for Digi International was increased to approximately $47.33 from $45.80, as analysts highlighted stronger near-term prospects and a robust demand pipeline that supports long-term growth goals. Analyst Commentary Analysts have recently revisited their outlook for Digi International, reflecting new information gathered from management discussions and ongoing company developments.
CALX
US$54.17
Calix
7D
-2.0%
1Y
59.0%

CALX: Imminent Third-Gen Platform Launch Will Sustain Outperformance Versus Peers

Analysts have raised their price target for Calix to $85 per share, up from previous levels. This change is attributed to strong quarterly results, competitive advantages, and expectations of continued outperformance.
ONDS
US$9.07
Ondas Holdings
7D
14.8%
1Y
1,028.2%
AUDC
US$8.68
AudioCodes
7D
-3.6%
1Y
-8.0%
FFIV
US$248.12
F5
7D
3.7%
1Y
-3.5%
AAOI
US$26.59
Applied Optoelectronics
7D
-0.7%
1Y
-31.6%

AAOI: Expanded Manufacturing in Texas Will Drive Future Industry Leadership

Applied Optoelectronics' analyst price target has increased from $28.40 to $30.60. This change reflects analysts' recognition of stronger operational capabilities and advanced production efficiencies amid ongoing debates over growth prospects and valuation.
LITE
US$331.41
Lumentum Holdings
7D
1.9%
1Y
257.0%

LITE: Surging AI Demand Will Expose Shares To Near-Term Downside Risk

The analyst price target for Lumentum Holdings has been raised from $217.75 to $231.33. Analysts cite stronger revenue growth trends, improving profit margins, and heightened demand for the company's optical and laser technologies as contributing factors, driven by AI and data center market expansion.
CIEN
US$201.71
Ciena
7D
-1.2%
1Y
174.1%

CIEN: Share Price Momentum Will Face Headwinds If Execution Stumbles Amid AI Hype

Ciena's analyst price target has been raised from $142.06 to $152.63. Analysts cite the company's strengthening position in AI-driven data center markets and continued momentum in hyperscale optical demand as key factors in the upward revision.