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U.S. Communications Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies76
  • 7D0.4%
  • 3M14.0%
  • 1Y56.4%
  • YTD11.2%

Over the last 7 days, the Communications industry has remained flat, although notably Cisco Systems gained 3.5%. As for the the longer term, the industry is up 56% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Mar 2026US$752.4bUS$109.3bUS$18.4b41.9x40.9x6.9x
Thu, 12 Feb 2026US$769.8bUS$106.8bUS$17.2b32.9x44.7x7.2x
Sat, 10 Jan 2026US$650.9bUS$106.1bUS$16.7b37.6x38.9x6.1x
Mon, 08 Dec 2025US$664.6bUS$105.8bUS$16.6b32.2x40x6.3x
Wed, 05 Nov 2025US$690.4bUS$103.8bUS$16.0b31x43.1x6.7x
Fri, 03 Oct 2025US$655.7bUS$103.3bUS$16.0b30.1x41x6.3x
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
Price to Earnings Ratio

23.7x


Total Market Cap: US$310.4bTotal Earnings: US$13.1bTotal Revenue: US$89.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 32.7x202420252026
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 40.9x which is higher than its 3-year average PE of 32.7x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 6.9x.
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 7.1% 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 Market-2.40%
Tech-2.42%
Communications0.43%
Communications Equipment0.43%
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
CSCO Cisco SystemsUS$78.903.5%
+US$10.6b		29.6%PE28.1x
CIEN CienaUS$363.8814.2%
+US$6.4b		454.0%PE224.6x
MSI Motorola SolutionsUS$470.792.8%
+US$2.1b		11.7%PE36.2x
UI UbiquitiUS$775.793.1%
+US$1.4b		143.0%PE52.8x
VIAV Viavi SolutionsUS$31.608.1%
+US$546.1m		183.4%PS5.9x

Latest News

MSI
US$470.79
Motorola Solutions
7D
2.8%
1Y
11.7%
CSCO
US$78.90
Cisco Systems
7D
3.5%
1Y
29.6%
VIAV
US$31.60
Viavi Solutions
7D
8.1%
1Y
183.4%
BKTI
US$76.00
BK Technologies
7D
-12.1%
1Y
146.3%
ANET
US$135.35
Arista Networks
7D
-1.3%
1Y
59.1%
ONDS
US$10.53
Ondas
7D
8.3%
1Y
1,259.8%
CIEN
US$363.88
Ciena
7D
14.2%
1Y
454.0%
FFIV
US$283.73
F5
7D
-0.6%
1Y
6.1%
GILT
US$16.39
Gilat Satellite Networks
7D
-6.7%
1Y
128.6%

GILT: Reaffirmed Outlook Will Rely On Defense And 5G NTN Execution

Analysts reaffirmed their $19.00 price target on Gilat Satellite Networks, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E that are consistent with a recent upgrade in Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the reaffirmed US$19.00 target as consistent with updated assumptions on discount rates and future P/E, which they see as better aligned with current sector benchmarks.
LITE
US$624.84
Lumentum Holdings
7D
-2.5%
1Y
814.7%

LITE: AI Optics Commitments And Nvidia Backing Will Test Execution

Our fair value estimate for Lumentum has been raised from $571.45 to $655.55, reflecting analysts' higher price targets that are tied to increased earnings power expectations and long term purchase commitments from large customers in advanced optical components. Analyst Commentary Recent Street research on Lumentum points to a cluster of higher price targets and fresh long term commitments from large customers, especially in advanced optical components tied to AI data centers.
VISN
US$17.66
Vistance Networks
7D
-0.5%
1Y
236.4%

VISN: Focused Aurora And Ruckus Franchises Will Support Future Upside

Analysts have trimmed their price target on Vistance Networks to $20, highlighting softer revenue growth and profit margin assumptions, along with a much higher future P/E estimate, as they reassess the standalone Aurora and Ruckus businesses following the recent coverage resumption. Analyst Commentary Bullish analysts are treating the reset to a $20 price target as a way to reframe Vistance Networks around its two core franchises, Aurora and Ruckus, rather than the former broader portfolio.
NTCT
US$30.18
NetScout Systems
7D
-0.8%
1Y
43.4%

NTCT: Slower Revenue Outlook Will Outweigh Margin Gains And Share Repurchases

Analysts kept their price target for NetScout Systems steady at $27.27, citing only small tweaks to assumptions such as a slightly higher discount rate, more moderate expectations for revenue growth, a modestly higher profit margin, and a similar forward P/E outlook. What's in the News NetScout extended its Omnis AI Insights solution to communications service providers, aiming to turn raw network data into AI ready inputs for customer experience, predictive maintenance, and security use cases, with features such as a unified network view and curated, real time smart data streams (Product related announcement).
AAOI
US$94.07
Applied Optoelectronics
7D
-15.0%
1Y
348.4%

AAOI: Amazon Reliance And Unproven 800G Ramp Will Restrain Future Returns

Analysts have sharply raised their price targets on Applied Optoelectronics, with one increase from $15 to $54. They cite continued strength in 400G products and the expectation that 800G will begin contributing incremental growth from Q2, particularly supported by firm demand from a key customer such as Amazon.
EXTR
US$14.83
Extreme Networks
7D
5.7%
1Y
0.2%
VSAT
US$47.53
Viasat
7D
3.4%
1Y
371.5%

VSAT: Spinout Hopes Around Defense Unit Will Likely Disappoint

The latest Street research implies a higher consolidated analyst price target for Viasat, with firms pointing to updated sum of the parts valuation work, a revised $39 target from Morgan Stanley, and potential value from any future spinout of the defense and advanced technologies division, which analysts see as echoing recent plans at L3Harris. Analyst Commentary Recent research on Viasat has centered on how to value the different pieces of the business, with several firms talking about sum of the parts work, potential spinout scenarios, and what that could mean for the equity story.
UI
US$775.79
Ubiquiti
7D
3.1%
1Y
143.0%