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U.S. Communications Industry Analysis

UpdatedOct 02, 2025
DataAggregated Company Financials
Companies74
  • 7D3.2%
  • 3M17.6%
  • 1Y41.5%
  • YTD25.3%

The Communications industry is up 3.2% in the last week, with Arista Networks up 4.6%. This means that the industry has gained 41% over the past year. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Oct 2025US$649.8bUS$103.3bUS$16.0b29.9x40.6x6.3x
Sun, 31 Aug 2025US$623.2bUS$103.0bUS$16.2b26.2x38.4x6x
Tue, 29 Jul 2025US$572.8bUS$100.6bUS$14.0b28.6x40.9x5.7x
Thu, 26 Jun 2025US$549.8bUS$105.7bUS$14.3b28.6x38.3x5.2x
Sat, 24 May 2025US$525.4bUS$105.5bUS$14.3b25.8x36.8x5x
Mon, 21 Apr 2025US$454.4bUS$102.8bUS$12.4b24.1x36.5x4.4x
Wed, 19 Mar 2025US$499.2bUS$102.8bUS$12.5b25.7x40.1x4.9x
Fri, 14 Feb 2025US$556.1bUS$104.0bUS$12.1b27.7x46.1x5.3x
Sun, 12 Jan 2025US$541.9bUS$102.4bUS$12.1b23.7x44.8x5.3x
Tue, 10 Dec 2024US$543.0bUS$102.5bUS$12.1b24.5x44.8x5.3x
Thu, 07 Nov 2024US$503.8bUS$102.8bUS$12.0b24.6x41.9x4.9x
Sat, 05 Oct 2024US$478.7bUS$102.9bUS$12.0b25.7x39.9x4.7x
Mon, 02 Sep 2024US$456.5bUS$103.1bUS$12.0b27.2x38.1x4.4x
Wed, 31 Jul 2024US$346.4bUS$92.2bUS$12.2b27.8x28.3x3.8x
Fri, 28 Jun 2024US$342.0bUS$92.7bUS$12.6b26.2x27.1x3.7x
Sun, 26 May 2024US$332.1bUS$92.9bUS$12.7b27.5x26.2x3.6x
Tue, 23 Apr 2024US$377.1bUS$104.8bUS$16.3b30.1x23.2x3.6x
Thu, 21 Mar 2024US$398.0bUS$104.8bUS$16.3b31.8x24.4x3.8x
Sat, 17 Feb 2024US$390.8bUS$104.9bUS$16.5b30.1x23.7x3.7x
Mon, 15 Jan 2024US$337.3bUS$96.1bUS$15.1b25.1x22.3x3.5x
Wed, 13 Dec 2023US$321.5bUS$96.1bUS$15.1b24.8x21.3x3.3x
Fri, 10 Nov 2023US$325.4bUS$95.2bUS$13.9b23.4x23.4x3.4x
Sun, 08 Oct 2023US$324.5bUS$94.7bUS$14.6b23.4x22.2x3.4x
Tue, 05 Sep 2023US$351.9bUS$94.7bUS$14.6b31x24x3.7x
Thu, 03 Aug 2023US$323.2bUS$92.1bUS$13.6b26.4x23.7x3.5x
Sat, 01 Jul 2023US$318.1bUS$91.4bUS$13.5b23.8x23.6x3.5x
Mon, 29 May 2023US$310.0bUS$91.2bUS$13.5b22.8x23x3.4x
Wed, 26 Apr 2023US$290.3bUS$89.1bUS$13.2b24.9x22x3.3x
Fri, 24 Mar 2023US$310.4bUS$89.0bUS$13.1b27.3x23.7x3.5x
Sun, 19 Feb 2023US$308.3bUS$88.5bUS$13.0b29.4x23.7x3.5x
Tue, 17 Jan 2023US$295.5bUS$86.7bUS$13.0b26.9x22.7x3.4x
Thu, 15 Dec 2022US$303.0bUS$86.7bUS$13.0b30.1x23.2x3.5x
Sat, 12 Nov 2022US$281.1bUS$86.0bUS$13.4b27.9x21x3.3x
Mon, 10 Oct 2022US$256.6bUS$84.9bUS$13.5b23.5x19.1x3x
Price to Earnings Ratio

19.1x


Total Market Cap: US$256.6bTotal Earnings: US$13.5bTotal Revenue: US$84.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 29.8x202320242025
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 40.6x which is higher than its 3-year average PE of 29.8x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 5.9% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 Market0.77%
Tech1.78%
Communications3.19%
Communications Equipment3.19%
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
CIEN CienaUS$152.6611.3%
+US$2.2b		134.0%PE152.9x
UI UbiquitiUS$677.815.3%
+US$2.0b		200.7%PE57.6x
CSCO Cisco SystemsUS$68.310.7%
+US$1.8b		30.3%PE26.5x
ANET Arista NetworksUS$144.461.0%
+US$1.8b		48.1%PE55.8x
LITE Lumentum HoldingsUS$169.756.7%
+US$743.7m		156.6%PE458.1x

Latest News

VSAT
US$30.88
Viasat
7D
7.2%
1Y
176.5%
LITE
US$169.75
Lumentum Holdings
7D
6.7%
1Y
156.6%

Revenues Tell The Story For Lumentum Holdings Inc. (NASDAQ:LITE) As Its Stock Soars 29%

Oct 02
Revenues Tell The Story For Lumentum Holdings Inc. (NASDAQ:LITE) As Its Stock Soars 29%
ONDS
US$9.21
Ondas Holdings
7D
18.8%
1Y
1,144.6%
GNSS
US$2.34
Genasys
7D
-7.5%
1Y
-34.1%

After Leaping 26% Genasys Inc. (NASDAQ:GNSS) Shares Are Not Flying Under The Radar

Oct 01
After Leaping 26% Genasys Inc. (NASDAQ:GNSS) Shares Are Not Flying Under The Radar
CSCO
US$68.31
Cisco Systems
7D
0.7%
1Y
30.3%
COMM
US$15.63
CommScope Holding Company
7D
-0.4%
1Y
161.8%
CALX
US$60.95
Calix
7D
-0.8%
1Y
63.8%
EXTR
US$20.44
Extreme Networks
7D
-2.2%
1Y
37.6%
CIEN
US$152.66
Ciena
7D
11.3%
1Y
134.0%
ANET
US$144.46
Arista Networks
7D
1.0%
1Y
48.1%

Adoption Of AI And Open Ethernet Will Expand Future Markets

Analysts have raised Arista Networks’ price target, now $156.38 (up from $142.63), driven by confidence in stronger long-term revenue growth and continued outperformance in AI and cloud infrastructure, although near-term caution remains due to margin normalization and recent share price strength. Analyst Commentary Bullish analysts are raising price targets due to Arista's upwardly revised 2026 revenue outlook (about 20% growth to $10.5B) and company guidance for sustained mid-teens long-term sales growth, along with robust gross and EBIT margins.
MSI
US$448.03
Motorola Solutions
7D
-1.7%
1Y
-0.2%
ADTN
US$9.29
ADTRAN Holdings
7D
-0.9%
1Y
58.8%
RBBN
US$3.77
Ribbon Communications
7D
-1.3%
1Y
20.4%
FFIV
US$327.18
F5
7D
1.0%
1Y
50.0%
UI
US$677.81
Ubiquiti
7D
5.3%
1Y
200.7%

Ubiquiti Inc. (NYSE:UI) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

Sep 05
Ubiquiti Inc. (NYSE:UI) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
KVHI
US$5.44
KVH Industries
7D
-7.8%
1Y
12.2%

KVH Industries Is Growing For The First Time In Two Years, But Remains Unprofitable

Aug 21