Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Communications Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies77
  • 7D2.4%
  • 3M4.9%
  • 1Y28.0%
  • YTD28.9%

In the last week, the Communications industry is up 2.4%, with Arista Networks up 3.8%. In the last 12 months, the industry was up 28%. 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
Tue, 23 Dec 2025US$675.5bUS$106.1bUS$16.7b33.7x40.4x6.4x
Thu, 20 Nov 2025US$641.2bUS$106.1bUS$16.6b30x38.6x6x
Sat, 18 Oct 2025US$658.4bUS$103.3bUS$16.0b30.1x41.1x6.4x
Mon, 15 Sep 2025US$631.6bUS$103.3bUS$16.0b27.7x39.5x6.1x
Wed, 13 Aug 2025US$624.1bUS$101.6bUS$14.9b25.6x41.8x6.1x
Fri, 11 Jul 2025US$558.9bUS$100.5bUS$14.0b29.3x40x5.6x
Sun, 08 Jun 2025US$542.6bUS$105.7bUS$14.4b27x37.8x5.1x
Tue, 06 May 2025US$499.0bUS$103.3bUS$13.1b22.2x38x4.8x
Thu, 03 Apr 2025US$494.8bUS$102.8bUS$12.4b26.4x39.8x4.8x
Sat, 01 Mar 2025US$528.1bUS$104.6bUS$12.2b27.8x43.4x5.1x
Mon, 27 Jan 2025US$588.4bUS$102.4bUS$11.9b26.4x49.3x5.7x
Wed, 25 Dec 2024US$550.3bUS$102.4bUS$12.1b25.4x45.6x5.4x
Fri, 22 Nov 2024US$512.8bUS$102.5bUS$12.1b23.9x42.3x5x
Sun, 20 Oct 2024US$506.7bUS$103.0bUS$12.0b28.4x42.2x4.9x
Tue, 17 Sep 2024US$453.3bUS$103.0bUS$12.0b25x37.8x4.4x
Thu, 15 Aug 2024US$412.9bUS$102.9bUS$13.7b23.5x30.2x4x
Sat, 13 Jul 2024US$351.8bUS$92.6bUS$12.6b26.5x27.9x3.8x
Mon, 10 Jun 2024US$326.0bUS$92.7bUS$12.6b27.3x25.8x3.5x
Wed, 08 May 2024US$325.6bUS$94.3bUS$14.0b27.1x23.3x3.5x
Fri, 05 Apr 2024US$398.9bUS$104.8bUS$16.3b33.9x24.5x3.8x
Sun, 03 Mar 2024US$397.0bUS$104.8bUS$16.4b32.6x24.3x3.8x
Tue, 30 Jan 2024US$349.0bUS$96.0bUS$14.9b27.6x23.4x3.6x
Thu, 28 Dec 2023US$331.4bUS$96.1bUS$15.1b24.9x21.9x3.4x
Sat, 25 Nov 2023US$312.6bUS$96.2bUS$14.9b23.2x21x3.2x
Mon, 23 Oct 2023US$317.6bUS$94.7bUS$14.6b20.5x21.7x3.4x
Wed, 20 Sep 2023US$335.7bUS$94.7bUS$14.6b24.7x22.9x3.5x
Fri, 18 Aug 2023US$323.5bUS$94.5bUS$14.7b26.1x22x3.4x
Sun, 16 Jul 2023US$311.3bUS$91.4bUS$13.5b23.8x23x3.4x
Tue, 13 Jun 2023US$315.2bUS$91.4bUS$13.5b20.2x23.3x3.4x
Thu, 11 May 2023US$284.7bUS$89.8bUS$13.5b24x21.2x3.2x
Sat, 08 Apr 2023US$315.1bUS$89.0bUS$13.2b26x23.9x3.5x
Mon, 06 Mar 2023US$301.1bUS$88.8bUS$13.1b29.1x23x3.4x
Wed, 01 Feb 2023US$297.1bUS$86.9bUS$13.0b28.1x22.9x3.4x
Fri, 30 Dec 2022US$290.3bUS$86.7bUS$13.0b27.9x22.3x3.3x
Price to Earnings Ratio

22.3x


Total Market Cap: US$290.3bTotal Earnings: US$13.0bTotal Revenue: US$86.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 31.2x202320242025
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 40.4x which is higher than its 3-year average PE of 31.2x.
  • The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 8.6% 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 Market0.99%
Tech2.02%
Communications2.39%
Communications Equipment2.39%
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
ANET Arista NetworksUS$130.733.8%
+US$6.1b		15.6%PE49x
LITE Lumentum HoldingsUS$389.8816.5%
+US$3.9b		368.5%PE245.8x
CIEN CienaUS$236.759.5%
+US$2.9b		170.2%PE270.4x
MSI Motorola SolutionsUS$372.702.2%
+US$1.3b		-20.7%PE29.3x
UI UbiquitiUS$575.143.6%
+US$1.2b		66.8%PE43.9x

Latest News

LITE
US$389.88
Lumentum Holdings
7D
16.5%
1Y
368.5%

LITE: AI Data Center Optics And Switch Demand Will Drive Balanced Outlook

Analysts have lifted their fair value estimate for Lumentum Holdings from $165.00 to $380.00, citing stronger than expected AI driven data center optics demand, accelerating optical circuit switch adoption tied to Google TPU ramps, and improved long term growth visibility despite a slightly lower projected profit margin. Analyst Commentary Bullish analysts remain largely constructive on Lumentum, framing the latest round of price target increases as a response to a strengthening AI infrastructure cycle and the company’s improving execution against its data center roadmap.
INSG
US$10.60
Inseego
7D
-12.4%
1Y
3.1%

Returns Are Gaining Momentum At Inseego (NASDAQ:INSG)

Dec 22
Returns Are Gaining Momentum At Inseego (NASDAQ:INSG)
ANET
US$130.73
Arista Networks
7D
3.8%
1Y
15.6%
CIEN
US$236.75
Ciena
7D
9.5%
1Y
170.2%

CIEN: AI Data Center Tailwinds Will Meet Rising Execution And Cost Risks

Analysts have raised their price target on Ciena by approximately $70 to about $200, reflecting higher expected revenue growth, improved profit margins, and accelerating AI and data center driven optical demand, including benefits from the Nubis acquisition. Analyst Commentary Bullish analysts highlight a broad reset higher in expectations, with multiple firms lifting targets into the $175 to $200 range as conviction grows around Ciena's ability to monetize AI and data center demand while integrating Nubis to enhance its optical portfolio.
ONDS
US$9.27
Ondas Holdings
7D
14.6%
1Y
358.9%

ONDS: Roboteam Acquisition Will Drive Backlog Expansion And Future Earnings Upside

Analysts have nudged their fair value estimate for Ondas Holdings higher from $11.00 to $11.50, reflecting increased confidence in the company’s accelerating revenue growth and expanding deal pipeline following recent strategic moves and strong quarterly performance. Analyst Commentary Bullish analysts highlight that the recent acquisition activity and expanding backlog are reinforcing confidence in Ondas Holdings' ability to outpace its stated revenue targets and sustain a higher growth trajectory.
CSCO
US$78.11
Cisco Systems
7D
-0.2%
1Y
32.4%
FFIV
US$260.40
F5
7D
-1.0%
1Y
2.4%
DGII
US$44.72
Digi International
7D
-1.0%
1Y
47.2%
AAOI
US$39.10
Applied Optoelectronics
7D
30.8%
1Y
6.5%
VSAT
US$36.98
Viasat
7D
4.6%
1Y
303.7%
OCC
US$4.64
Optical Cable
7D
-44.8%
1Y
39.8%
HLIT
US$9.97
Harmonic
7D
-4.7%
1Y
-25.3%
MSI
US$372.70
Motorola Solutions
7D
2.2%
1Y
-20.7%

MSI: Recurring Revenue Mix Will Drive Upside Despite Recent Price Target Trims

Analysts have trimmed their price target on Motorola Solutions by approximately $5 to about $494 per share. The revision reflects slightly higher discount rate assumptions and modest pressure on long term margins, while analysts remain encouraged by resilient revenue growth, recurring revenue mix, and potential upside from deferred government deals in 2026.
LTRX
US$5.57
Lantronix
7D
-6.2%
1Y
47.7%
COMM
US$18.37
CommScope Holding Company
7D
-3.5%
1Y
234.0%

COMM: Rising Margins And Network Expansion Will Drive Stronger Earnings Potential

Analysts have raised their fair value estimate for CommScope Holding Company from 20.00 dollars to 25.00 dollars, citing expectations of significantly improved profit margins and a lower future price to earnings multiple, despite slightly reduced revenue growth assumptions. What's in the News Opened the CommScope Fiber Architecture Solutions Technology FAST Track facility in Catawba, North Carolina, a live FTTH network that serves as both a training center and innovation hub for service providers, now available for tours and hands on demonstrations (Key Developments).
UI
US$575.14
Ubiquiti
7D
3.6%
1Y
66.8%