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U.S. Communications Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies77
  • 7D7.5%
  • 3M35.8%
  • 1Y107.3%
  • YTD35.5%

In the last week, the Communications industry is up 7.5%, with Arista Networks leading the way, up 15%. This takes the industry's 12 month performance to a gain of 107%. Looking forward, 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
Thu, 23 Apr 2026US$913.8bUS$109.2bUS$18.4b49.4x49.7x8.4x
Sat, 21 Mar 2026US$778.3bUS$109.3bUS$18.4b36.4x42.3x7.1x
Mon, 16 Feb 2026US$737.5bUS$109.2bUS$18.2b31.5x40.6x6.8x
Wed, 14 Jan 2026US$654.9bUS$106.1bUS$16.7b39.3x39.2x6.2x
Fri, 12 Dec 2025US$708.1bUS$105.9bUS$16.6b35.4x42.6x6.7x
Sun, 09 Nov 2025US$641.4bUS$104.8bUS$16.3b29.1x39.2x6.1x
Tue, 07 Oct 2025US$648.4bUS$103.3bUS$16.0b30.1x40.5x6.3x
Thu, 04 Sep 2025US$617.5bUS$103.0bUS$16.2b25.6x38x6x
Sat, 02 Aug 2025US$584.4bUS$100.7bUS$14.1b26.9x41.5x5.8x
Mon, 30 Jun 2025US$560.0bUS$105.7bUS$14.3b28.8x39.1x5.3x
Wed, 28 May 2025US$522.2bUS$105.5bUS$14.3b26.1x36.6x4.9x
Fri, 25 Apr 2025US$455.6bUS$102.8bUS$12.4b24.4x36.6x4.4x
Sun, 23 Mar 2025US$494.4bUS$102.8bUS$12.4b26x39.7x4.8x
Tue, 18 Feb 2025US$557.4bUS$104.1bUS$12.1b28.1x46.2x5.4x
Thu, 16 Jan 2025US$548.5bUS$102.4bUS$11.9b25.4x45.9x5.4x
Sat, 14 Dec 2024US$536.1bUS$102.5bUS$12.1b25.2x44.2x5.2x
Mon, 11 Nov 2024US$523.8bUS$103.2bUS$13.0b24.7x40.2x5.1x
Wed, 09 Oct 2024US$479.5bUS$103.0bUS$12.0b26.6x40x4.7x
Fri, 06 Sep 2024US$442.1bUS$102.9bUS$12.0b25.7x36.8x4.3x
Sun, 04 Aug 2024US$409.0bUS$102.8bUS$13.8b27.4x29.7x4x
Tue, 02 Jul 2024US$350.7bUS$92.6bUS$12.6b25.5x27.8x3.8x
Thu, 30 May 2024US$331.8bUS$92.9bUS$12.7b27.3x26.1x3.6x
Sat, 27 Apr 2024US$383.1bUS$104.6bUS$16.2b31.7x23.7x3.7x
Mon, 25 Mar 2024US$408.3bUS$104.8bUS$16.3b32.3x25.1x3.9x
Wed, 21 Feb 2024US$384.5bUS$104.9bUS$16.5b29.9x23.3x3.7x
Fri, 19 Jan 2024US$341.0bUS$96.1bUS$15.1b25.4x22.6x3.5x
Sun, 17 Dec 2023US$327.1bUS$96.1bUS$15.1b24.7x21.7x3.4x
Tue, 14 Nov 2023US$322.6bUS$95.2bUS$13.9b22.9x23.2x3.4x
Thu, 12 Oct 2023US$324.9bUS$94.7bUS$14.6b21.6x22.2x3.4x
Sat, 09 Sep 2023US$344.8bUS$94.7bUS$14.6b29.9x23.6x3.6x
Mon, 07 Aug 2023US$323.7bUS$92.1bUS$13.6b26.5x23.8x3.5x
Wed, 05 Jul 2023US$317.9bUS$91.4bUS$13.5b23.7x23.5x3.5x
Fri, 02 Jun 2023US$308.3bUS$91.2bUS$13.5b23.2x22.9x3.4x
Sun, 30 Apr 2023US$294.0bUS$89.3bUS$13.3b24.9x22.1x3.3x
Price to Earnings Ratio

22.1x


Total Market Cap: US$294.0bTotal 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 Market1.73%
Tech4.86%
Communications7.47%
Communications Equipment7.47%
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$177.7315.2%
+US$29.9b		151.2%PE63.7x
CSCO Cisco SystemsUS$89.809.0%
+US$29.4b		61.4%PE32x
CIEN CienaUS$498.974.9%
+US$3.3b		697.2%PE308x
VIAV Viavi SolutionsUS$44.3112.9%
+US$1.2b		343.5%PS8.2x
FFIV F5US$311.184.0%
+US$629.3m		18.6%PE22.9x

Latest News

CALX
US$42.65
Calix
7D
-14.3%
1Y
9.2%
FFIV
US$311.18
F5
7D
4.0%
1Y
18.6%
ANET
US$177.73
Arista Networks
7D
15.2%
1Y
151.2%
LITE
US$873.60
Lumentum Holdings
7D
-2.0%
1Y
1,386.5%
AAOI
US$149.42
Applied Optoelectronics
7D
4.8%
1Y
1,181.5%

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

Apr 21
CIEN
US$498.97
Ciena
7D
4.9%
1Y
697.2%

Ciena's New Growth Phase Is Inside The Data Center

Apr 21
VSAT
US$63.08
Viasat
7D
5.3%
1Y
649.2%
CSCO
US$89.80
Cisco Systems
7D
9.0%
1Y
61.4%

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.
GILT
US$17.63
Gilat Satellite Networks
7D
-4.2%
1Y
181.6%
VIAV
US$44.31
Viavi Solutions
7D
12.9%
1Y
343.5%
UI
US$1,004.73
Ubiquiti
7D
-0.2%
1Y
233.0%
ONDS
US$11.06
Ondas
7D
8.4%
1Y
1,281.6%
BKTI
US$90.72
BK Technologies
7D
-4.8%
1Y
101.0%

BKTI: Stable Outlook With Completed Buyback And Upcoming Analyst Day

Analysts kept their fair value estimate for BK Technologies effectively unchanged at $97.00, reflecting only very slight tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions rather than a shift in their overall view. What's in the News BK Technologies plans an Analyst/Investor Day, giving current and prospective shareholders a focused opportunity to hear directly from management about the business and capital allocation plans (Key Developments).
GNSS
US$1.87
Genasys
7D
-2.6%
1Y
-13.8%
FIEE
US$7.32
FiEE
7D
-3.7%
1Y
687.1%
CHAI
US$1.02
Core AI Holdings
7D
-4.7%
1Y
n/a