Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Communications Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies78
  • 7D-9.2%
  • 3M28.6%
  • 1Y86.9%
  • YTD42.1%

In the last week, the Communications industry is down 9.2% with Cisco Systems down the most at 6.1%. In the past year, the industry has gained 87%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026US$978.8bUS$115.3bUS$20.6b32.4x47.5x8.5x
Sat, 09 May 2026US$891.8bUS$113.0bUS$18.9b37x47.1x7.9x
Mon, 06 Apr 2026US$778.9bUS$109.2bUS$18.4b44.3x42.4x7.1x
Wed, 04 Mar 2026US$771.2bUS$109.0bUS$18.3b44.2x42.2x7.1x
Fri, 30 Jan 2026US$719.1bUS$106.3bUS$16.7b31.6x43x6.8x
Sun, 28 Dec 2025US$680.7bUS$106.1bUS$16.7b34.1x40.7x6.4x
Tue, 25 Nov 2025US$628.0bUS$105.9bUS$16.6b30.7x37.9x5.9x
Thu, 23 Oct 2025US$664.4bUS$103.3bUS$16.0b30.5x41.5x6.4x
Sat, 20 Sep 2025US$652.3bUS$103.3bUS$16.0b30.5x40.8x6.3x
Mon, 18 Aug 2025US$599.2bUS$102.8bUS$16.1b25.1x37.3x5.8x
Wed, 16 Jul 2025US$555.2bUS$100.5bUS$14.0b28x39.7x5.5x
Fri, 13 Jun 2025US$533.0bUS$105.7bUS$14.3b27x37.2x5x
Sun, 11 May 2025US$500.1bUS$104.0bUS$13.9b22.1x36x4.8x
Tue, 08 Apr 2025US$432.9bUS$102.8bUS$12.4b23.6x34.8x4.2x
Thu, 06 Mar 2025US$511.4bUS$103.1bUS$12.4b27.4x41.4x5x
Sat, 01 Feb 2025US$555.7bUS$102.5bUS$12.2b25.2x45.6x5.4x
Mon, 30 Dec 2024US$545.4bUS$102.5bUS$12.1b25.3x45.2x5.3x
Wed, 27 Nov 2024US$527.0bUS$102.5bUS$12.1b24.5x43.5x5.1x
Fri, 25 Oct 2024US$500.3bUS$103.0bUS$12.0b27.4x41.8x4.9x
Sun, 22 Sep 2024US$472.5bUS$103.0bUS$12.0b25.3x39.4x4.6x
Tue, 20 Aug 2024US$435.2bUS$101.2bUS$11.6b25.6x37.5x4.3x
Thu, 18 Jul 2024US$360.8bUS$92.6bUS$12.6b27.3x28.6x3.9x
Sat, 15 Jun 2024US$336.0bUS$92.7bUS$12.6b27.1x26.6x3.6x
Mon, 13 May 2024US$341.7bUS$94.4bUS$14.1b27.2x24.2x3.6x
Wed, 10 Apr 2024US$398.7bUS$104.8bUS$16.3b34.4x24.5x3.8x
Fri, 08 Mar 2024US$397.2bUS$104.8bUS$16.3b32.5x24.3x3.8x
Sun, 04 Feb 2024US$343.3bUS$95.8bUS$14.9b26.9x23x3.6x
Tue, 02 Jan 2024US$330.9bUS$96.1bUS$15.1b24.6x21.9x3.4x
Thu, 30 Nov 2023US$310.1bUS$96.2bUS$14.9b24.4x20.8x3.2x
Sat, 28 Oct 2023US$307.7bUS$94.7bUS$14.5b24.4x21.2x3.2x
Mon, 25 Sep 2023US$323.6bUS$94.7bUS$14.6b28.3x22.1x3.4x
Wed, 23 Aug 2023US$336.2bUS$94.5bUS$14.6b26.4x23x3.6x
Fri, 21 Jul 2023US$322.1bUS$91.5bUS$13.5b26.8x23.8x3.5x
Sun, 18 Jun 2023US$319.0bUS$91.4bUS$13.5b20.8x23.6x3.5x
Price to Earnings Ratio

23.6x


Total Market Cap: US$319.0bTotal Earnings: US$13.5bTotal Revenue: US$91.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 34.5x202420252026
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 47.5x which is higher than its 3-year average PE of 34.5x.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 8.5x.
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 8.0% 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 Market-4.05%
Tech-10.02%
Communications-9.20%
Communications Equipment-9.20%
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
MSI Motorola SolutionsUS$411.640.8%
+US$539.5m		0.6%PE32.7x
OCC Optical CableUS$26.9292.0%
+US$113.8m		927.5%PE235.9x
AVNW Aviat NetworksUS$18.355.3%
+US$12.0m		-19.5%PE26.3x
CHAI Core AI HoldingsUS$1.3745.4%
+US$8.5m		n/aPS0.5x
CALX CalixUS$38.590.2%
+US$5.7m		-19.4%PE72.6x

Latest News

CIEN
US$434.65
Ciena
7D
-29.9%
1Y
501.8%
VIAV
US$46.82
Viavi Solutions
7D
-10.7%
1Y
399.7%
CHAI
US$1.37
Core AI Holdings
7D
45.4%
1Y
n/a
MSI
US$411.64
Motorola Solutions
7D
0.8%
1Y
0.6%
OCC
US$26.92
Optical Cable
7D
92.0%
1Y
927.5%
SILC
US$44.77
Silicom
7D
1.8%
1Y
190.7%
CSCO
US$118.80
Cisco Systems
7D
-6.1%
1Y
85.1%
Seeking Alpha • Jun 09

Cisco: Stock Price Overvalued But More Justified Than Dot-Com Era

Summary Cisco's current business model is more diversified, with growth driven by AI data center buildout and improved capital structure via debt financing. Cisco's present market competitiveness in Ethernet and Routers is weaker than in 2000, with declining market share despite high R&D spending. Current valuation multiples (P/S 8.08x, P/E 41.38x) are more justified than the 2000 peak, but limited upside remains due to recent price appreciation. Read the full article on Seeking Alpha
LITE
US$853.26
Lumentum Holdings
7D
-9.0%
1Y
936.0%
ONDS
US$9.31
Ondas
7D
-19.8%
1Y
529.1%
VSAT
US$61.50
Viasat
7D
-11.7%
1Y
460.1%
ANET
US$151.76
Arista Networks
7D
-13.0%
1Y
61.1%
CALX
US$38.59
Calix
7D
0.2%
1Y
-19.4%
AVNW
US$18.35
Aviat Networks
7D
5.3%
1Y
-19.5%
Narrative Update • Jun 05

AVNW: Short Report Dislocation Will Be Resolved By Fiscal 2026 Execution Confidence

Aviat Networks' analyst price target has been trimmed by about $1, as analysts factor in more moderate assumptions for revenue growth and profit margins, along with a higher expected future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts highlight prior support for Aviat Networks even after a short report, pointing to confidence in the business model and the stock's longer term potential despite near term volatility.
CLRO
US$3.89
ClearOne
7D
20.4%
1Y
-31.9%
UI
US$557.55
Ubiquiti
7D
-3.2%
1Y
39.1%
UTSI
US$2.95
UTStarcom Holdings
7D
10.1%
1Y
29.4%
Analysis Article • Apr 17

We're Keeping An Eye On UTStarcom Holdings' (NASDAQ:UTSI) Cash Burn Rate

We can readily understand why investors are attracted to unprofitable companies. For example, although...