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U.S. Communications Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies76
  • 7D6.4%
  • 3M29.1%
  • 1Y88.1%
  • YTD25.5%

In the last week, the Communications industry is up 6.4%, with Arista Networks up 16%. This means that the industry has gained 88% over the past year. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026US$844.9bUS$109.2bUS$18.4b45.7x46x7.7x
Sat, 14 Mar 2026US$747.9bUS$109.3bUS$18.4b41.9x40.7x6.8x
Mon, 09 Feb 2026US$745.5bUS$106.8bUS$17.2b32.8x43.3x7x
Wed, 07 Jan 2026US$676.5bUS$106.1bUS$16.7b40.9x40.4x6.4x
Fri, 05 Dec 2025US$660.2bUS$105.8bUS$16.6b31.9x39.8x6.2x
Sun, 02 Nov 2025US$689.8bUS$103.8bUS$16.0b32x43.2x6.6x
Tue, 30 Sep 2025US$638.5bUS$103.3bUS$16.0b30x39.9x6.2x
Thu, 28 Aug 2025US$615.1bUS$103.1bUS$16.2b25.9x37.9x6x
Sat, 26 Jul 2025US$570.1bUS$100.6bUS$14.0b28.6x40.7x5.7x
Mon, 23 Jun 2025US$526.6bUS$105.7bUS$14.3b26.8x36.7x5x
Wed, 21 May 2025US$537.4bUS$105.5bUS$14.5b25.8x37.1x5.1x
Fri, 18 Apr 2025US$455.6bUS$102.8bUS$12.4b24.1x36.6x4.4x
Sun, 16 Mar 2025US$493.9bUS$103.1bUS$12.4b25.4x39.9x4.8x
Tue, 11 Feb 2025US$572.1bUS$102.7bUS$12.3b25.6x46.6x5.6x
Thu, 09 Jan 2025US$544.3bUS$102.4bUS$12.1b24.2x45x5.3x
Sat, 07 Dec 2024US$542.0bUS$102.5bUS$12.1b24.8x44.7x5.3x
Mon, 04 Nov 2024US$496.3bUS$102.8bUS$12.1b23.8x41.1x4.8x
Wed, 02 Oct 2024US$479.7bUS$102.9bUS$12.0b24.6x40x4.7x
Fri, 30 Aug 2024US$447.6bUS$103.1bUS$12.0b27x37.4x4.3x
Sun, 28 Jul 2024US$345.5bUS$92.3bUS$12.2b27.6x28.4x3.7x
Tue, 25 Jun 2024US$345.1bUS$92.7bUS$12.6b26.5x27.3x3.7x
Thu, 23 May 2024US$338.0bUS$92.9bUS$12.7b27.3x26.6x3.6x
Sat, 20 Apr 2024US$379.9bUS$104.8bUS$16.3b30.2x23.4x3.6x
Mon, 18 Mar 2024US$393.9bUS$104.8bUS$16.3b31.7x24.2x3.8x
Wed, 14 Feb 2024US$390.1bUS$105.8bUS$16.7b29.2x23.4x3.7x
Fri, 12 Jan 2024US$336.4bUS$96.1bUS$15.1b25.1x22.2x3.5x
Sun, 10 Dec 2023US$315.5bUS$96.1bUS$15.1b25.2x20.9x3.3x
Tue, 07 Nov 2023US$327.1bUS$94.9bUS$14.7b23.2x22.2x3.4x
Thu, 05 Oct 2023US$329.2bUS$94.7bUS$14.6b27.8x22.5x3.5x
Sat, 02 Sep 2023US$351.9bUS$94.7bUS$14.6b31x24x3.7x
Mon, 31 Jul 2023US$313.0bUS$91.6bUS$13.4b24.4x23.3x3.4x
Wed, 28 Jun 2023US$311.3bUS$91.4bUS$13.5b23.8x23.1x3.4x
Fri, 26 May 2023US$293.7bUS$91.2bUS$13.5b23.1x21.8x3.2x
Sun, 23 Apr 2023US$292.1bUS$89.1bUS$13.2b25.1x22.2x3.3x
Price to Earnings Ratio

22.2x


Total Market Cap: US$292.1bTotal Earnings: US$13.2bTotal Revenue: US$89.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 33.2x202420252026
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 46.0x 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 Market4.44%
Tech6.04%
Communications6.37%
Communications Equipment6.37%
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$154.336.4%
+US$11.6b		114.7%PE55.2x
UI UbiquitiUS$1.01k11.8%
+US$6.4b		228.4%PE68.6x
AAOI Applied OptoelectronicsUS$142.557.4%
+US$765.1m		1,266.7%PS24.3x
VSAT ViasatUS$59.926.4%
+US$487.6m		633.4%PS1.8x
ONDS OndasUS$10.036.1%
+US$279.5m		1,061.3%PS95.3x

Latest News

VIAV
US$39.26
Viavi Solutions
7D
-5.2%
1Y
296.6%
ANET
US$154.33
Arista Networks
7D
6.4%
1Y
114.7%
CIEN
US$475.76
Ciena
7D
-3.7%
1Y
708.2%
ADTN
US$15.73
ADTRAN Holdings
7D
14.6%
1Y
111.1%
UI
US$1,006.56
Ubiquiti
7D
11.8%
1Y
228.4%
AAOI
US$142.55
Applied Optoelectronics
7D
7.4%
1Y
1,266.7%

Applied Optoelectronics: Market Is Overlooking A Critical Capacity Catalyst

Apr 14
CSCO
US$82.30
Cisco Systems
7D
-1.7%
1Y
47.6%

Cisco Remains A Buy As AI Tailwinds Broaden

Apr 14
VSAT
US$59.92
Viasat
7D
6.4%
1Y
633.4%

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.
ONDS
US$10.03
Ondas
7D
6.1%
1Y
1,061.3%
VISN
US$18.98
Vistance Networks
7D
1.9%
1Y
451.7%

Vistance Networks Looks Better Than Before With Powerful Earnings Growth

Apr 11
MSI
US$440.21
Motorola Solutions
7D
-1.7%
1Y
4.7%
LITE
US$824.01
Lumentum Holdings
7D
-8.0%
1Y
1,478.3%
EXTR
US$17.35
Extreme Networks
7D
5.2%
1Y
50.2%
FFIV
US$299.09
F5
7D
-1.9%
1Y
15.5%

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.
NTCT
US$32.40
NetScout Systems
7D
-3.6%
1Y
61.6%

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.
CALX
US$49.12
Calix
7D
-1.4%
1Y
45.4%

CALX: Buyback Momentum And Investor Day Outlook Will Support Future Repricing

Analysts have trimmed their average price targets on Calix by about $10 to $15. However, they generally point to an upbeat investor day and the potential for continued positive momentum, and they view the recent share price weakness as an entry opportunity.