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U.S. Communications Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies76
  • 7D7.8%
  • 3M26.9%
  • 1Y87.8%
  • YTD25.1%

In the last week, the Communications industry is up 7.8%, with Arista Networks up 20%. This takes the industry's 12 month performance to a gain of 88%. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
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
Price to Earnings Ratio

22x


Total Market Cap: US$289.8bTotal Earnings: US$13.2bTotal Revenue: US$89.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 33.1x202420252026
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 45.6x which is higher than its 3-year average PE of 33.1x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 7.7x.
Past Earnings Growth
  • The earnings for companies in the Communications 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 Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market4.25%
Tech6.48%
Communications7.82%
Communications Equipment7.82%
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$152.0220.4%
+US$32.4b		106.6%PE54.4x
UI UbiquitiUS$951.0413.2%
+US$6.7b		205.7%PE64.8x
CSCO Cisco SystemsUS$82.352.1%
+US$6.6b		44.0%PE29.4x
CIEN CienaUS$479.9010.5%
+US$6.5b		720.3%PE296.3x
LITE Lumentum HoldingsUS$871.186.8%
+US$4.0b		1,553.4%PE247.2x

Latest News

UI
US$991.66
Ubiquiti
7D
18.5%
1Y
213.7%
VSAT
US$56.98
Viasat
7D
5.8%
1Y
567.2%
VIAV
US$40.78
Viavi Solutions
7D
5.8%
1Y
305.4%
AAOI
US$153.19
Applied Optoelectronics
7D
42.6%
1Y
1,261.7%

Applied Optoelectronics: Market Is Overlooking A Critical Capacity Catalyst

Apr 14
CSCO
US$82.61
Cisco Systems
7D
2.4%
1Y
44.4%

Cisco Remains A Buy As AI Tailwinds Broaden

Apr 14
ONDS
US$9.40
Ondas
7D
-1.4%
1Y
975.3%
ANET
US$154.37
Arista Networks
7D
15.5%
1Y
110.9%

Arista Networks: The Business Is Firing On All Cylinders But The Valuation Remains Reasonable

Apr 13
MSI
US$440.08
Motorola Solutions
7D
-0.5%
1Y
2.2%
LITE
US$852.79
Lumentum Holdings
7D
4.5%
1Y
1,518.5%
NTGR
US$24.10
NETGEAR
7D
-0.4%
1Y
7.2%

NTGR: Repriced P/E And Margin Outlook Will Drive Future Cash Flows

Analysts reduced their price target on NETGEAR by $4 to reflect updated assumptions regarding discount rates, profit margin expectations, and future P/E levels. Analyst Commentary Bullish Takeaways Bullish analysts view the refreshed P/E assumptions as more realistic, which they see as helpful for grounding expectations around what investors are willing to pay for NETGEAR's earnings profile.
FFIV
US$295.19
F5
7D
-4.5%
1Y
12.0%

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.
CIEN
US$467.19
Ciena
7D
4.3%
1Y
686.8%
AUDC
US$8.73
AudioCodes
7D
-3.7%
1Y
-4.1%
NTCT
US$32.45
NetScout Systems
7D
-2.0%
1Y
61.0%

NTCT: Ongoing AI And Observability Expansion Will Likely Limit Share Price Upside

Analysts have kept their $27.27 price target on NetScout Systems broadly steady, citing relatively unchanged assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E in their updated models. What's in the News NetScout extended its Omnis AI Insights solution to communications service providers to turn raw network data into AI ready smart data for customer experience, predictive maintenance, and network security use cases, with real time curated data across 5G, RAN, Core, MEC, and Transport.
MOB
US$4.84
Mobilicom
7D
-9.7%
1Y
n/a

We Think Mobilicom (NASDAQ:MOB) Can Easily Afford To Drive Business Growth

Mar 26
We Think Mobilicom (NASDAQ:MOB) Can Easily Afford To Drive Business Growth
FKWL
US$3.60
Franklin Wireless
7D
-5.3%
1Y
-27.7%