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U.S. Communications Equipment Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies78
  • 7D-3.7%
  • 3M4.2%
  • 1Y69.2%
  • YTDn/a

Over the last 7 days, the Communications Equipment industry has dropped 3.7%, driven by Cisco Systems declining 4.2%. In the past year, the industry has gained 69%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026US$940.1bUS$115.3bUS$20.6b32.4x45.6x8.2x
Fri, 19 Jun 2026US$993.1bUS$115.3bUS$20.6b31.3x48.2x8.6x
Sun, 17 May 2026US$981.6bUS$114.8bUS$20.2b30.9x48.6x8.6x
Tue, 14 Apr 2026US$837.7bUS$109.2bUS$18.4b46.5x45.6x7.7x
Thu, 12 Mar 2026US$761.6bUS$109.3bUS$18.4b39.9x41.4x7x
Sat, 07 Feb 2026US$722.5bUS$106.8bUS$17.2b32.8x41.9x6.8x
Mon, 05 Jan 2026US$676.2bUS$106.1bUS$16.7b36.4x40.4x6.4x
Wed, 03 Dec 2025US$655.3bUS$105.8bUS$16.6b32.1x39.5x6.2x
Fri, 31 Oct 2025US$691.2bUS$103.5bUS$16.0b33.5x43.3x6.7x
Sun, 28 Sep 2025US$638.4bUS$103.3bUS$16.0b30.2x39.9x6.2x
Tue, 26 Aug 2025US$606.3bUS$103.1bUS$16.2b25.4x37.3x5.9x
Thu, 24 Jul 2025US$562.5bUS$100.5bUS$14.0b28.7x40.2x5.6x
Sat, 21 Jun 2025US$529.4bUS$105.7bUS$14.3b26.8x36.9x5x
Mon, 19 May 2025US$536.0bUS$105.5bUS$14.5b25.8x37x5.1x
Wed, 16 Apr 2025US$466.0bUS$102.8bUS$12.4b24.8x37.5x4.5x
Fri, 14 Mar 2025US$488.2bUS$103.1bUS$12.3b24.9x39.6x4.7x
Sun, 09 Feb 2025US$572.3bUS$102.7bUS$12.3b25.6x46.6x5.6x
Tue, 07 Jan 2025US$544.6bUS$102.4bUS$12.1b24.9x45x5.3x
Thu, 05 Dec 2024US$536.5bUS$102.5bUS$12.1b24.8x44.3x5.2x
Sat, 02 Nov 2024US$489.5bUS$102.8bUS$12.1b23.8x40.5x4.8x
Mon, 30 Sep 2024US$477.1bUS$103.0bUS$12.0b26.4x39.8x4.6x
Wed, 28 Aug 2024US$453.1bUS$103.1bUS$12.0b27.8x37.9x4.4x
Fri, 26 Jul 2024US$341.7bUS$92.6bUS$12.6b27.2x27.1x3.7x
Sun, 23 Jun 2024US$345.1bUS$92.7bUS$12.6b26.5x27.3x3.7x
Tue, 21 May 2024US$344.9bUS$92.4bUS$12.7b27.3x27.1x3.7x
Thu, 18 Apr 2024US$379.9bUS$104.8bUS$16.3b32.5x23.4x3.6x
Sat, 16 Mar 2024US$399.5bUS$104.8bUS$16.3b31.7x24.5x3.8x
Mon, 12 Feb 2024US$400.6bUS$105.5bUS$16.5b29.6x24.3x3.8x
Wed, 10 Jan 2024US$333.1bUS$96.1bUS$15.1b25.3x22x3.5x
Fri, 08 Dec 2023US$308.8bUS$96.1bUS$15.1b25.1x20.5x3.2x
Sun, 05 Nov 2023US$327.1bUS$94.9bUS$14.7b23.1x22.2x3.4x
Tue, 03 Oct 2023US$325.4bUS$94.7bUS$14.6b26x22.2x3.4x
Thu, 31 Aug 2023US$342.9bUS$94.5bUS$14.6b30.5x23.5x3.6x
Sat, 29 Jul 2023US$320.8bUS$91.6bUS$13.4b24.4x23.9x3.5x
Price to Earnings Ratio

23.9x


Total Market Cap: US$320.8bTotal Earnings: US$13.4bTotal Revenue: US$91.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Equipment Industry Price to Earnings3Y Average 35.5x202420252026
Current Industry PE
  • Investors are optimistic on the American Communications Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 45.6x which is higher than its 3-year average PE of 35.5x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 8.2x.
Past Earnings Growth
  • The earnings for companies in the Communications Equipment industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 7.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Communications Equipment compare with similar industries?

US Market-0.68%
Tech-0.55%
Communications-3.66%
Communications Equipment-3.66%
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
LITE Lumentum HoldingsUS$837.562.8%
+US$1.8b		740.7%PE148.4x
VSAT ViasatUS$73.695.5%
+US$525.8m		404.7%PS2.2x
VIAV Viavi SolutionsUS$43.022.8%
+US$286.7m		319.7%PS7.7x
ONDS OndasUS$7.664.1%
+US$171.0m		264.8%PE32.5x
VISN Vistance NetworksUS$12.483.2%
+US$88.0m		64.4%PE17.5x

Latest News

AAOI
US$119.26
Applied Optoelectronics
7D
-4.9%
1Y
352.6%
Seeking Alpha • 1h

Applied Optoelectronics: The Investment Case Is Simpler Than It Looks

Summary While investors have recognized Applied Optoelectronics's role in AI infrastructure, I believe the market still underestimates the scale of the business the management is building. The investment case is remarkably simple: management either executes on its manufacturing expansion—or it doesn't. If execution succeeds, AAOI's long-term earnings power could be several times higher than what today's valuation implies. Using conservative assumptions, AAOI trades at approximately 11x forward earnings power. Read the full article on Seeking Alpha
VISN
US$12.48
Vistance Networks
7D
3.2%
1Y
64.4%
NTGR
US$24.24
NETGEAR
7D
5.4%
1Y
-6.9%
ITRN
US$57.43
Ituran Location and Control
7D
4.0%
1Y
47.6%
ANET
US$174.58
Arista Networks
7D
-4.4%
1Y
59.0%
FFIV
US$408.74
F5
7D
-5.2%
1Y
37.2%
Seeking Alpha • Jul 21

F5: Strong Fundamentals, Uninspiring Entry Point

Summary F5 is experiencing a robust hardware refresh cycle, driving double-digit product and systems revenue growth and prompting raised full-year guidance. FFIV expects upper-single-digit revenue growth through fiscal 2029, with software poised for double-digit growth and AI-related use cases beginning to contribute. Margins and cash flow remain industry-leading, but near-term margin pressure from component cost inflation is anticipated. Despite operational strength, FFIV trades at a valuation that prices in sustained growth, leaving limited upside; I maintain a hold rating. Read the full article on Seeking Alpha
ONDS
US$7.66
Ondas
7D
4.1%
1Y
264.8%
LITE
US$837.56
Lumentum Holdings
7D
2.8%
1Y
740.7%
Seeking Alpha • Jul 20

Why I'm Buying Lumentum After The AI Optics Pullback (Rating Upgrade)

Summary Lumentum's 15% pullback followed the Russell index removal and sector-wide profit taking rather than deteriorating AI optics demand or fundamentals. Concerns over co-packaged optics timing compressed valuations, but Nvidia's optical roadmap continues supporting long-term photonics adoption and demand. Consensus expects revenue to grow from $3.0 billion in FY2026 to $11.6 billion by FY2029, making execution increasingly critical. Despite trading around 19x forward sales, the recent correction improves the risk/reward profile, supporting a renewed Strong Buy rating. Read the full article on Seeking Alpha
VSAT
US$73.69
Viasat
7D
5.5%
1Y
404.7%
CSCO
US$112.18
Cisco Systems
7D
-4.2%
1Y
64.6%
CIEN
US$408.73
Ciena
7D
-8.5%
1Y
384.5%
EXTR
US$30.44
Extreme Networks
7D
-7.8%
1Y
71.7%
VIAV
US$43.02
Viavi Solutions
7D
2.8%
1Y
319.7%
UI
US$535.94
Ubiquiti
7D
-2.5%
1Y
21.8%
Seeking Alpha • Jul 08

Ubiquiti: Even The Bull Case Struggles To Reach Today's Price

Summary Ubiquiti is rated Sell, as the current valuation exceeds the justified fair value based on forward growth and peer multiples. Enterprise Technology drives 91% of revenue, compounding above 20%, but consensus expects a deceleration to 12.9% growth in FY2027. Despite a debt-free balance sheet and 47% gross margins, UI's price ($525) sits above a defensible fair value range of $400–$490. Thin analyst coverage and single-segment growth concentration heighten valuation risk; upside depends on sustained Enterprise Tech acceleration or Service Provider stabilization. Read the full article on Seeking Alpha
SILC
US$46.80
Silicom
7D
8.5%
1Y
191.6%
Analysis Article • Jul 08

We Think Silicom (NASDAQ:SILC) Can Easily Afford To Drive Business Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
MSI
US$406.28
Motorola Solutions
7D
-1.8%
1Y
-3.6%
Narrative Update • Jun 26

MSI: Public Safety AI Suites Will Support Future Upside Beyond 2026

Analysts have raised their blended price target for Motorola Solutions to about $507 from roughly $488, reflecting updated views on fair value with only modest adjustments to revenue growth, margin and P/E assumptions. Analyst Commentary Recent Street research on Motorola Solutions reflects a mix of optimism on execution and caution on how much of that story is already reflected in the stock price.