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U.S. Communications Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies77
  • 7D-0.2%
  • 3M32.4%
  • 1Y97.9%
  • YTD48.4%

Over the last 7 days, the Communications industry has remained flat, although notably Arista Networks gained 3.5%. As for the the longer term, the industry is up 98% over the past 12 months. 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
Mon, 01 Jun 2026US$1.0tUS$114.9bUS$20.4b36.2x49.8x8.8x
Wed, 29 Apr 2026US$894.4bUS$109.2bUS$18.4b37.2x48.6x8.2x
Fri, 27 Mar 2026US$797.1bUS$109.4bUS$18.3b42.5x43.6x7.3x
Sun, 22 Feb 2026US$750.5bUS$108.9bUS$18.1b43.1x41.4x6.9x
Tue, 20 Jan 2026US$669.2bUS$106.1bUS$16.7b31.5x40x6.3x
Thu, 18 Dec 2025US$671.9bUS$106.1bUS$16.7b30.7x40.2x6.3x
Sat, 15 Nov 2025US$653.1bUS$105.8bUS$16.6b30.9x39.4x6.2x
Mon, 13 Oct 2025US$659.3bUS$103.3bUS$16.0b29.7x41.2x6.4x
Wed, 10 Sep 2025US$634.0bUS$103.3bUS$16.0b27.2x39.6x6.1x
Fri, 08 Aug 2025US$613.3bUS$101.3bUS$14.4b25.1x42.7x6.1x
Sun, 06 Jul 2025US$557.9bUS$100.5bUS$14.0b28.8x39.9x5.6x
Tue, 03 Jun 2025US$515.1bUS$105.5bUS$14.3b26.1x35.9x4.9x
Thu, 01 May 2025US$481.8bUS$102.9bUS$12.5b19.3x38.6x4.7x
Sat, 29 Mar 2025US$494.3bUS$102.8bUS$12.4b25.6x39.7x4.8x
Mon, 24 Feb 2025US$536.3bUS$104.5bUS$12.3b27.7x43.8x5.1x
Wed, 22 Jan 2025US$561.7bUS$102.4bUS$11.9b25.9x47x5.5x
Fri, 20 Dec 2024US$527.8bUS$102.5bUS$12.1b24.4x43.7x5.2x
Sun, 17 Nov 2024US$509.4bUS$102.4bUS$12.1b22.5x42x5x
Tue, 15 Oct 2024US$499.5bUS$103.0bUS$12.0b27.4x41.7x4.9x
Thu, 12 Sep 2024US$442.8bUS$103.0bUS$12.0b24.5x36.9x4.3x
Sat, 10 Aug 2024US$411.5bUS$102.9bUS$13.7b23.4x30.1x4x
Mon, 08 Jul 2024US$352.4bUS$92.6bUS$12.6b25.2x27.9x3.8x
Wed, 05 Jun 2024US$329.9bUS$92.9bUS$12.7b26.3x26x3.6x
Fri, 03 May 2024US$373.6bUS$104.4bUS$16.1b32.8x23.2x3.6x
Sun, 31 Mar 2024US$404.7bUS$104.8bUS$16.3b31.8x24.9x3.9x
Tue, 27 Feb 2024US$390.0bUS$105.0bUS$16.5b31.9x23.6x3.7x
Thu, 25 Jan 2024US$346.9bUS$96.1bUS$15.1b26.3x22.9x3.6x
Sat, 23 Dec 2023US$329.6bUS$96.1bUS$15.1b25.1x21.8x3.4x
Mon, 20 Nov 2023US$307.6bUS$96.2bUS$14.9b23.1x20.7x3.2x
Wed, 18 Oct 2023US$326.7bUS$94.7bUS$14.6b20.5x22.3x3.4x
Fri, 15 Sep 2023US$338.4bUS$94.7bUS$14.6b29.3x23.1x3.6x
Sun, 13 Aug 2023US$326.4bUS$92.4bUS$13.6b26.4x24.1x3.5x
Tue, 11 Jul 2023US$316.3bUS$91.4bUS$13.5b23.8x23.4x3.5x
Thu, 08 Jun 2023US$307.9bUS$91.4bUS$13.5b23.1x22.8x3.4x
Price to Earnings Ratio

22.8x


Total Market Cap: US$307.9bTotal Earnings: US$13.5bTotal Revenue: US$91.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 34.3x202420252026
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 49.8x which is higher than its 3-year average PE of 34.3x.
  • The 3-year average PS ratio of 4.9x is lower than the industry's current PS ratio of 8.8x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 7.9% 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 Market1.58%
Tech4.73%
Communications-0.15%
Communications Equipment-0.15%
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$159.473.5%
+US$6.9b		77.6%PE54x
ONDS OndasUS$13.2245.9%
+US$2.1b		799.3%PE48.8x
VSAT ViasatUS$80.628.1%
+US$882.6m		782.1%PS2.4x
EXTR Extreme NetworksUS$26.513.6%
+US$119.0m		65.8%PE213x
GILT Gilat Satellite NetworksUS$17.179.2%
+US$108.9m		205.0%PE40.6x

Latest News

MSI
US$403.28
Motorola Solutions
7D
-0.2%
1Y
-3.8%
VSAT
US$80.62
Viasat
7D
8.1%
1Y
782.1%
AAOI
US$158.41
Applied Optoelectronics
7D
-12.7%
1Y
921.0%
LITE
US$854.96
Lumentum Holdings
7D
-9.7%
1Y
1,027.0%
ITRN
US$65.55
Ituran Location and Control
7D
9.1%
1Y
67.3%
FFIV
US$383.45
F5
7D
-2.6%
1Y
34.1%
ADTN
US$16.55
ADTRAN Holdings
7D
5.6%
1Y
96.1%
ANET
US$159.47
Arista Networks
7D
3.5%
1Y
77.6%
EXTR
US$26.51
Extreme Networks
7D
3.6%
1Y
65.8%
RBBN
US$3.08
Ribbon Communications
7D
10.4%
1Y
-12.0%
GILT
US$17.17
Gilat Satellite Networks
7D
9.2%
1Y
205.0%
Seeking Alpha • May 27

Gilat Satellite: Locking In Profits After A 160% Run-Up (Rating Downgrade)

Summary Gilat Satellite is downgraded to Hold after a 160% rally and significant valuation rerating. Recent volatility, normalization of topline growth, and sector-level EBITDA multiples limit near-term upside for GILT. Gross margin expansion is expected as line-fit certification for Boeing aircraft nears, but current margins still trail peers. GILT's balance sheet remains strong, but working capital demands and cash flow pressure warrant caution until organic growth and margin trends clarify. Read the full article on Seeking Alpha
VIAV
US$48.56
Viavi Solutions
7D
-1.9%
1Y
430.7%
CIEN
US$580.23
Ciena
7D
-0.6%
1Y
609.8%
Narrative Update • May 26

CIEN: AI Data Center Hype Will Ultimately Trigger P/E Multiple Compression

Analysts have lifted the fair value estimate for Ciena from $378.11 to $452.12 as they factor in higher modeled revenue growth, improved profit margins and sustained sector demand, reflected in a series of recent price target increases across the Street. Analyst Commentary Recent research on Ciena clusters around rising expectations for optical networking demand linked to data center and AI infrastructure spending, but opinions differ on how much upside is already reflected in the stock and how sustainable current trends may be.
ONDS
US$13.22
Ondas
7D
45.9%
1Y
799.3%
UI
US$583.86
Ubiquiti
7D
-4.4%
1Y
47.4%
KVHI
US$9.28
KVH Industries
7D
-20.6%
1Y
79.2%