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U.S. Communications Equipment Industry Analysis

UpdatedApr 18, 2026
DataAggregated Company Financials
Companies76
  • 7D6.4%
  • 3M33.5%
  • 1Y102.6%
  • YTDn/a

Over the last 7 days, the Communications Equipment industry has risen 6.4%, driven by gains from Arista Networks of 11%. In the last 12 months, the industry was up 103%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Apr 2026US$877.0bUS$109.2bUS$18.4b48.7x47.7x8x
Mon, 16 Mar 2026US$752.4bUS$109.3bUS$18.4b41.9x40.9x6.9x
Wed, 11 Feb 2026US$768.5bUS$106.8bUS$17.2b33x44.6x7.2x
Fri, 09 Jan 2026US$669.4bUS$106.1bUS$16.7b39x40x6.3x
Sun, 07 Dec 2025US$664.6bUS$105.8bUS$16.6b32.2x40x6.3x
Tue, 04 Nov 2025US$689.8bUS$103.8bUS$16.0b31.1x43.2x6.6x
Thu, 02 Oct 2025US$649.8bUS$103.3bUS$16.0b29.9x40.6x6.3x
Sat, 30 Aug 2025US$625.1bUS$103.0bUS$16.2b26.2x38.5x6.1x
Mon, 28 Jul 2025US$572.8bUS$100.6bUS$14.0b28.6x40.9x5.7x
Wed, 25 Jun 2025US$549.8bUS$105.7bUS$14.3b29.2x38.3x5.2x
Fri, 23 May 2025US$525.3bUS$105.5bUS$14.3b26x36.7x5x
Sun, 20 Apr 2025US$454.4bUS$102.8bUS$12.4b24.1x36.5x4.4x
Tue, 18 Mar 2025US$493.9bUS$102.8bUS$12.5b25.9x39.7x4.8x
Thu, 13 Feb 2025US$566.4bUS$102.8bUS$12.3b26.5x46.2x5.5x
Sat, 11 Jan 2025US$547.3bUS$102.4bUS$12.1b23.7x45.2x5.3x
Mon, 09 Dec 2024US$543.0bUS$102.5bUS$12.1b24.8x44.8x5.3x
Wed, 06 Nov 2024US$498.0bUS$102.8bUS$12.0b24.3x41.4x4.8x
Fri, 04 Oct 2024US$479.2bUS$102.9bUS$12.0b24.7x39.9x4.7x
Sun, 01 Sep 2024US$456.5bUS$103.1bUS$12.0b27.2x38.1x4.4x
Tue, 30 Jul 2024US$345.5bUS$92.3bUS$12.2b27.4x28.4x3.7x
Thu, 27 Jun 2024US$344.0bUS$92.7bUS$12.6b26.1x27.3x3.7x
Sat, 25 May 2024US$330.8bUS$92.9bUS$12.7b27.5x26.1x3.6x
Mon, 22 Apr 2024US$377.1bUS$104.8bUS$16.3b30.1x23.2x3.6x
Wed, 20 Mar 2024US$398.0bUS$104.8bUS$16.3b31.5x24.4x3.8x
Fri, 16 Feb 2024US$394.5bUS$105.0bUS$16.5b30.3x23.8x3.8x
Sun, 14 Jan 2024US$337.3bUS$96.1bUS$15.1b25.1x22.3x3.5x
Tue, 12 Dec 2023US$320.9bUS$96.1bUS$15.1b25.5x21.2x3.3x
Thu, 09 Nov 2023US$326.9bUS$94.9bUS$14.7b22.8x22.3x3.4x
Sat, 07 Oct 2023US$324.5bUS$94.7bUS$14.6b23.4x22.2x3.4x
Mon, 04 Sep 2023US$351.9bUS$94.7bUS$14.6b31x24x3.7x
Wed, 02 Aug 2023US$326.5bUS$92.1bUS$13.6b27x24x3.5x
Fri, 30 Jun 2023US$314.9bUS$91.4bUS$13.5b23.7x23.3x3.4x
Sun, 28 May 2023US$310.0bUS$91.2bUS$13.5b22.8x23x3.4x
Tue, 25 Apr 2023US$293.8bUS$89.1bUS$13.2b24.3x22.3x3.3x
Price to Earnings Ratio

22.3x


Total Market Cap: US$293.8bTotal Earnings: US$13.2bTotal Revenue: US$89.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Equipment Industry Price to Earnings3Y Average 33.2x202420252026
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 47.7x which is higher than its 3-year average PE of 33.2x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 8.0x.
Past Earnings Growth
  • The earnings for companies in the Communications Equipment industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 7.0% 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 Market4.89%
Tech8.70%
Communications6.44%
Communications Equipment6.44%
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$164.2311.5%
+US$21.6b		130.7%PE58.9x
CSCO Cisco SystemsUS$86.254.9%
+US$15.9b		54.7%PE30.8x
UI UbiquitiUS$1.08k17.2%
+US$9.6b		264.3%PE73.9x
CIEN CienaUS$507.432.3%
+US$1.6b		743.7%PE313.3x
MSI Motorola SolutionsUS$441.961.9%
+US$1.4b		5.0%PE34.1x

Latest News

ANET
US$164.23
Arista Networks
7D
11.5%
1Y
130.7%
CIEN
US$507.43
Ciena
7D
2.3%
1Y
743.7%
MSI
US$441.96
Motorola Solutions
7D
1.9%
1Y
5.0%
AAOI
US$159.42
Applied Optoelectronics
7D
5.9%
1Y
1,395.5%
UI
US$1,084.50
Ubiquiti
7D
17.2%
1Y
264.3%
CSCO
US$86.25
Cisco Systems
7D
4.9%
1Y
54.7%

Cisco Remains A Buy As AI Tailwinds Broaden

Apr 14
VSAT
US$62.85
Viasat
7D
11.7%
1Y
640.3%

VSAT: Sum Of The Parts Optimism Will Pressure Execution And Capital Discipline

Analysts have raised their price target on Viasat from about $41 to roughly $51, citing updated assumptions for fair value, a slightly lower discount rate, revised revenue growth expectations, and a higher profit margin outlook supported by recent research upgrades from several major firms. Analyst Commentary Recent research updates point to a more constructive view on Viasat's fair value, with several firms adjusting ratings and targets alongside refreshed assumptions on growth and profitability.
LITE
US$894.07
Lumentum Holdings
7D
-0.4%
1Y
1,619.4%
FFIV
US$310.87
F5
7D
7.3%
1Y
20.2%

FFIV: AI Security Partnerships And Guidance Raise Prospects For Steady Outlook

Analysts have raised their price target on F5 by roughly $20 to $30, reflecting a series of upward target revisions and the view that recent AI related volatility in cybersecurity names has not changed the longer term demand case for leading security platforms. Analyst Commentary Recent Street research around F5 highlights a mix of optimism on valuation support and platform relevance, alongside some caution tied to AI headlines and execution risk.
OCC
US$11.25
Optical Cable
7D
-1.1%
1Y
294.7%
FIEE
US$7.56
FiEE
7D
-0.5%
1Y
721.7%
PCLA
US$2.22
PicoCELA
7D
-3.1%
1Y
-86.4%