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U.S. Communications Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies77
  • 7D3.3%
  • 3M34.4%
  • 1Y99.8%
  • YTD33.6%

Over the last 7 days, the Communications industry has risen 3.3%, driven by gains in Cisco Systems and Arista Networks of 4.8% and 7.2%, respectively. During this same period, the Lumentum Holdings underperformed, falling 5.3%. In the last 12 months, the industry was up 100%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026US$914.4bUS$109.2bUS$18.4b49.4x49.7x8.4x
Sun, 22 Mar 2026US$754.4bUS$109.3bUS$18.4b36.4x41x6.9x
Tue, 17 Feb 2026US$737.5bUS$109.2bUS$18.2b35.5x40.6x6.8x
Thu, 15 Jan 2026US$669.7bUS$106.1bUS$16.7b39.4x40x6.3x
Sat, 13 Dec 2025US$712.4bUS$106.1bUS$16.8b34.4x42.5x6.7x
Mon, 10 Nov 2025US$641.4bUS$104.8bUS$16.3b29.1x39.2x6.1x
Wed, 08 Oct 2025US$659.2bUS$103.3bUS$16.0b29.7x41.1x6.4x
Fri, 05 Sep 2025US$622.4bUS$103.0bUS$16.2b25.7x38.3x6x
Sun, 03 Aug 2025US$570.9bUS$100.7bUS$14.1b26.9x40.5x5.7x
Tue, 01 Jul 2025US$560.0bUS$105.7bUS$14.3b29.1x39.1x5.3x
Thu, 29 May 2025US$528.1bUS$105.5bUS$14.3b25.9x36.9x5x
Sat, 26 Apr 2025US$467.3bUS$102.8bUS$12.4b24.6x37.6x4.5x
Mon, 24 Mar 2025US$494.4bUS$102.8bUS$12.4b26x39.7x4.8x
Wed, 19 Feb 2025US$557.3bUS$104.1bUS$12.1b28x46.2x5.4x
Fri, 17 Jan 2025US$554.9bUS$102.4bUS$11.9b25.4x46.5x5.4x
Sun, 15 Dec 2024US$542.9bUS$102.5bUS$12.1b25.2x45x5.3x
Tue, 12 Nov 2024US$524.2bUS$103.2bUS$13.0b24.9x40.2x5.1x
Thu, 10 Oct 2024US$485.2bUS$103.0bUS$12.0b27.1x40.5x4.7x
Sat, 07 Sep 2024US$429.4bUS$102.9bUS$12.0b24.5x35.8x4.2x
Mon, 05 Aug 2024US$409.0bUS$102.8bUS$13.8b27.4x29.7x4x
Wed, 03 Jul 2024US$352.6bUS$92.6bUS$12.6b25.5x27.9x3.8x
Fri, 31 May 2024US$329.9bUS$92.9bUS$12.7b27.3x26x3.6x
Sun, 28 Apr 2024US$383.1bUS$104.6bUS$16.2b31.7x23.7x3.7x
Tue, 26 Mar 2024US$408.3bUS$104.8bUS$16.3b31.6x25.1x3.9x
Thu, 22 Feb 2024US$383.8bUS$104.9bUS$16.5b29.9x23.3x3.7x
Sat, 20 Jan 2024US$341.0bUS$96.1bUS$15.1b25.6x22.6x3.5x
Mon, 18 Dec 2023US$327.1bUS$96.1bUS$15.1b24.7x21.7x3.4x
Wed, 15 Nov 2023US$322.6bUS$95.2bUS$13.9b23.7x23.2x3.4x
Fri, 13 Oct 2023US$324.9bUS$94.7bUS$14.6b20.8x22.2x3.4x
Sun, 10 Sep 2023US$343.4bUS$94.7bUS$14.6b29.9x23.5x3.6x
Tue, 08 Aug 2023US$324.9bUS$92.3bUS$13.6b26.5x23.9x3.5x
Thu, 06 Jul 2023US$316.2bUS$91.4bUS$13.5b23.8x23.4x3.5x
Sat, 03 Jun 2023US$309.3bUS$91.2bUS$13.5b21.1x22.9x3.4x
Mon, 01 May 2023US$294.2bUS$89.3bUS$13.3b24.9x22.1x3.3x
Price to Earnings Ratio

22.1x


Total Market Cap: US$294.2bTotal Earnings: US$13.3bTotal Revenue: US$89.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 33.3x202420252026
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 49.7x which is higher than its 3-year average PE of 33.3x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 11% 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 Market0.69%
Tech1.96%
Communications3.32%
Communications Equipment3.32%
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$88.594.8%
+US$16.2b		57.4%PE31.6x
ANET Arista NetworksUS$172.557.2%
+US$14.5b		129.2%PE61.9x
CIEN CienaUS$515.854.2%
+US$2.9b		702.4%PE318.4x
VIAV Viavi SolutionsUS$46.1512.1%
+US$1.2b		348.1%PS8.6x
VSAT ViasatUS$62.582.2%
+US$183.4m		621.8%PS1.8x

Latest News

VSAT
US$62.58
Viasat
7D
2.2%
1Y
621.8%
MSI
US$443.17
Motorola Solutions
7D
-0.3%
1Y
3.5%
ANET
US$172.55
Arista Networks
7D
7.2%
1Y
129.2%
EXTR
US$16.90
Extreme Networks
7D
-3.4%
1Y
36.8%
CALX
US$42.69
Calix
7D
-14.2%
1Y
9.3%
FFIV
US$299.89
F5
7D
-2.7%
1Y
11.8%
GILT
US$17.64
Gilat Satellite Networks
7D
-5.4%
1Y
180.0%

GILT: Future Returns Will Depend On Defense Contracts And Cloud SATCOM Progress

Analysts kept their $19.00 price target for Gilat Satellite Networks steady, citing consistent assumptions around growth, margins, and P/E expectations, and highlighting recent research that reflects a more constructive view on the stock. Analyst Commentary Recent research reflects a more constructive view on Gilat Satellite Networks, with bullish analysts pointing to factors they see as supportive of the current US$19.00 price target and the existing P/E assumptions.
LITE
US$846.89
Lumentum Holdings
7D
-5.3%
1Y
1,311.5%
AAOI
US$137.73
Applied Optoelectronics
7D
-12.5%
1Y
976.9%

Applied Optoelectronics Has A Vision Of Success, And So Do I

Apr 21
CIEN
US$515.85
Ciena
7D
4.2%
1Y
702.4%

Ciena's New Growth Phase Is Inside The Data Center

Apr 21
CSCO
US$88.59
Cisco Systems
7D
4.8%
1Y
57.4%

CSCO: AI Alliances And Cyber Deals Will Offset Rising Memory Costs

Cisco Systems' updated analyst price target edges up by about $0.05 to $89.09, as analysts factor in slightly higher revenue growth assumptions, a marginally higher discount rate, and a modest adjustment to future P/E expectations, while keeping profit margin assumptions broadly steady. Analyst Commentary Recent Street research around Cisco Systems reflects a mix of optimism on execution and growth, balanced by fresh caution on profitability and costs.
DGII
US$56.27
Digi International
7D
4.9%
1Y
104.5%

DGII: Execution On Security And AI Initiatives Will Shape Fairly Valued Outlook

Analysts have increased their price target on Digi International by $5 to $50.50, citing updated assumptions on the discount rate, revenue growth, profit margins, and future P/E. Analyst Commentary Recent research highlights how updated assumptions on discount rate, revenue growth, profit margins, and future P/E feed into the new US$50.50 price target for Digi International.
VIAV
US$46.15
Viavi Solutions
7D
12.1%
1Y
348.1%
UI
US$1,037.87
Ubiquiti
7D
-0.1%
1Y
231.7%
ONDS
US$10.54
Ondas
7D
3.3%
1Y
1,216.7%
SILC
US$29.46
Silicom
7D
17.2%
1Y
112.2%