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U.S. Communications Equipment Industry Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies76
  • 7D1.7%
  • 3M5.6%
  • 1Y25.8%
  • YTDn/a

In the last week, the Communications Equipment industry is up 1.7%, with Arista Networks up 4.9%. This takes the industry's 12 month performance to a gain of 26%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Dec 2025US$661.3bUS$105.8bUS$16.6b30.9x39.8x6.2x
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
Mon, 26 Jun 2023US$306.1bUS$91.4bUS$13.5b23.6x22.7x3.3x
Wed, 24 May 2023US$296.0bUS$91.2bUS$13.5b23.5x21.9x3.2x
Fri, 21 Apr 2023US$289.8bUS$89.1bUS$13.2b25.1x22x3.3x
Sun, 19 Mar 2023US$310.0bUS$89.0bUS$13.1b23.9x23.6x3.5x
Tue, 14 Feb 2023US$295.6bUS$87.2bUS$12.9b31.3x22.9x3.4x
Thu, 12 Jan 2023US$296.9bUS$86.7bUS$13.0b26.8x22.8x3.4x
Sat, 10 Dec 2022US$297.7bUS$86.7bUS$13.0b28.4x22.8x3.4x
Price to Earnings Ratio

22.8x


Total Market Cap: US$297.7bTotal Earnings: US$13.0bTotal Revenue: US$86.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Equipment Industry Price to Earnings3Y Average 30.9x202320242025
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 39.8x which is higher than its 3-year average PE of 30.9x.
  • 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 Equipment industry have grown 8.3% 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 Comparison

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

US Market1.79%
Tech1.83%
Communications1.68%
Communications Equipment1.68%
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$127.221.7%
+US$2.7b		22.8%PE47.7x
CSCO Cisco SystemsUS$76.870.7%
+US$2.2b		29.2%PE29.4x
MSI Motorola SolutionsUS$377.562.2%
+US$1.3b		-24.1%PE29.7x
CIEN CienaUS$202.503.2%
+US$883.0m		185.0%PE202.8x
LITE Lumentum HoldingsUS$302.814.0%
+US$818.3m		241.4%PE190.9x

Latest News

VSAT
US$33.57
Viasat
7D
1.7%
1Y
245.4%
MSI
US$377.56
Motorola Solutions
7D
2.2%
1Y
-24.1%

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.
EXTR
US$17.29
Extreme Networks
7D
-1.0%
1Y
0.1%
CALX
US$54.65
Calix
7D
-2.3%
1Y
63.1%

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$8.07
Ondas Holdings
7D
-4.4%
1Y
912.5%
ANET
US$127.22
Arista Networks
7D
1.7%
1Y
22.8%

ANET: AI Demand Will Sustain High Margin Momentum Despite Rising Competition

Arista Networks’ analyst price target has edged up slightly to around $164, as analysts cite ongoing revenue and profit margin strength. This comes despite conservative margin forecasts and a more competitive AI networking environment.
FFIV
US$238.52
F5
7D
-0.6%
1Y
-5.0%
ADTN
US$8.13
ADTRAN Holdings
7D
5.6%
1Y
-5.8%
AAOI
US$26.53
Applied Optoelectronics
7D
16.7%
1Y
-36.4%

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.
ITRN
US$39.95
Ituran Location and Control
7D
-2.0%
1Y
30.2%

Shareholders Would Enjoy A Repeat Of Ituran Location and Control's (NASDAQ:ITRN) Recent Growth In Returns

Nov 25
Shareholders Would Enjoy A Repeat Of Ituran Location and Control's (NASDAQ:ITRN) Recent Growth In Returns
AVNW
US$20.77
Aviat Networks
7D
-3.8%
1Y
23.7%
LITE
US$302.81
Lumentum Holdings
7D
4.0%
1Y
241.4%

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$202.50
Ciena
7D
3.2%
1Y
185.0%

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.
BKTI
US$63.77
BK Technologies
7D
-5.2%
1Y
89.3%

BKTI: Confidence In Sustained Earnings Momentum Will Drive 2025 Upside

BK Technologies Analyst Price Target Raised Following Positive Growth Outlook Analysts have increased their price target for BK Technologies from $74 to $83. This change reflects heightened confidence in the company's sustained revenue and profit growth.
CSCO
US$76.87
Cisco Systems
7D
0.7%
1Y
29.2%

CSCO: Networking Strength And AI Demand Will Balance Security Headwinds

Cisco Systems' analyst price target has been raised from approximately $77 to nearly $85, as analysts point to robust networking momentum, improving revenue growth, and solid operating margins. These positive factors are seen as offsetting headwinds in security.
UI
US$559.60
Ubiquiti
7D
-2.0%
1Y
56.6%

Ubiquiti Inc.'s (NYSE:UI) Popularity With Investors Under Threat As Stock Sinks 26%

Nov 14
Ubiquiti Inc.'s (NYSE:UI) Popularity With Investors Under Threat As Stock Sinks 26%