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U.S. Communications Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies76
  • 7D5.8%
  • 3M35.7%
  • 1Y109.2%
  • YTD32.1%

Over the last 7 days, the Communications industry has risen 5.8%, driven by gains in Arista Networks and Cisco Systems of 8.0% and 4.7%, respectively. In the last 12 months, the industry was up 109%. 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
Mon, 20 Apr 2026US$893.7bUS$109.2bUS$18.4b48.7x48.6x8.2x
Wed, 18 Mar 2026US$760.6bUS$109.3bUS$18.4b40.7x41.4x7x
Fri, 13 Feb 2026US$763.7bUS$108.6bUS$18.0b30.9x42.4x7x
Sun, 11 Jan 2026US$651.2bUS$106.1bUS$16.7b37.6x38.9x6.1x
Tue, 09 Dec 2025US$665.2bUS$105.8bUS$16.6b33.1x40.1x6.3x
Thu, 06 Nov 2025US$673.1bUS$103.8bUS$16.0b31.3x42.1x6.5x
Sat, 04 Oct 2025US$649.1bUS$103.3bUS$16.0b29.8x40.6x6.3x
Mon, 01 Sep 2025US$623.2bUS$103.0bUS$16.2b26.2x38.4x6x
Wed, 30 Jul 2025US$575.6bUS$100.6bUS$14.0b28.3x41.1x5.7x
Fri, 27 Jun 2025US$552.8bUS$105.7bUS$14.3b28.5x38.6x5.2x
Sun, 25 May 2025US$522.0bUS$105.5bUS$14.3b25.8x36.6x4.9x
Tue, 22 Apr 2025US$454.4bUS$102.8bUS$12.4b23.5x36.5x4.4x
Thu, 20 Mar 2025US$495.5bUS$102.8bUS$12.4b26.2x39.8x4.8x
Sat, 15 Feb 2025US$561.7bUS$104.1bUS$12.1b28.1x46.6x5.4x
Mon, 13 Jan 2025US$541.9bUS$102.4bUS$12.1b23.7x44.8x5.3x
Wed, 11 Dec 2024US$533.7bUS$102.5bUS$12.1b24.4x44x5.2x
Fri, 08 Nov 2024US$518.5bUS$102.6bUS$12.7b24.8x41x5.1x
Sun, 06 Oct 2024US$482.8bUS$103.0bUS$12.0b25.7x40.3x4.7x
Tue, 03 Sep 2024US$456.5bUS$103.1bUS$12.0b27.2x38.1x4.4x
Thu, 01 Aug 2024US$359.3bUS$92.5bUS$12.4b28.5x29x3.9x
Sat, 29 Jun 2024US$349.1bUS$92.7bUS$12.6b26.4x27.7x3.8x
Mon, 27 May 2024US$332.1bUS$92.9bUS$12.7b27.5x26.2x3.6x
Wed, 24 Apr 2024US$380.2bUS$104.8bUS$16.2b31x23.4x3.6x
Fri, 22 Mar 2024US$403.5bUS$104.8bUS$16.3b32.1x24.8x3.9x
Sun, 18 Feb 2024US$386.0bUS$104.9bUS$16.5b30.1x23.4x3.7x
Tue, 16 Jan 2024US$337.3bUS$96.1bUS$15.1b25.1x22.3x3.5x
Thu, 14 Dec 2023US$321.4bUS$96.1bUS$15.1b25.2x21.3x3.3x
Sat, 11 Nov 2023US$321.6bUS$95.2bUS$13.9b23.2x23.1x3.4x
Mon, 09 Oct 2023US$324.5bUS$94.7bUS$14.6b23.4x22.2x3.4x
Wed, 06 Sep 2023US$348.6bUS$94.7bUS$14.6b30.7x23.8x3.7x
Fri, 04 Aug 2023US$325.1bUS$92.1bUS$13.6b26.5x23.9x3.5x
Sun, 02 Jul 2023US$318.1bUS$91.4bUS$13.5b23.8x23.6x3.5x
Tue, 30 May 2023US$310.0bUS$91.2bUS$13.5b22.8x23x3.4x
Thu, 27 Apr 2023US$288.4bUS$89.3bUS$13.2b24.6x21.8x3.2x
Price to Earnings Ratio

21.8x


Total Market Cap: US$288.4bTotal Earnings: US$13.2bTotal Revenue: US$89.3bTotal 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 48.6x which is higher than its 3-year average PE of 33.2x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 8.2x.
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 6.9% 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 Market4.02%
Tech7.11%
Communications5.75%
Communications Equipment5.75%
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$164.238.0%
+US$15.8b		142.7%PE58.9x
CSCO Cisco SystemsUS$86.254.7%
+US$15.4b		58.6%PE30.8x
UI UbiquitiUS$1.08k14.0%
+US$8.1b		277.2%PE73.9x
CIEN CienaUS$507.435.7%
+US$3.9b		777.3%PE313.3x
LITE Lumentum HoldingsUS$894.072.6%
+US$1.6b		1,685.6%PE253.7x

Latest News

VISN
US$19.09
Vistance Networks
7D
-1.1%
1Y
532.1%

VISN: Aurora And Ruckus Demand Will Support Future Margin Recovery

Narrative Update Analysts recently trimmed their price targets on Vistance Networks by $3, citing tempered expectations for Aurora margins and a higher assumed future P/E of about 113x, even as they continue to see a constructive demand backdrop across the Aurora and Ruckus businesses. Analyst Commentary Recent research on Vistance Networks points to a mixed but generally constructive tone, with bullish analysts highlighting valuation support and execution opportunities across the Aurora and Ruckus businesses despite tempered margin expectations.
ANET
US$164.23
Arista Networks
7D
8.0%
1Y
142.7%

ANET: AI Data Centers And XPO Execution Will Drive Future Networking Upside

Arista Networks' fair value estimate has edged up by about $0.44 per share as analysts factor in slightly higher modeled revenue growth, wider profit margins, and a lower future P/E assumption, supported by a recent wave of higher price targets and upbeat views on its AI data center positioning and XPO strategy. Analyst Commentary Recent research on Arista Networks has leaned clearly positive, with a cluster of price target increases and fresh coverage that centers on the company’s role in AI data centers and its XPO strategy.
CIEN
US$507.43
Ciena
7D
5.7%
1Y
777.3%
DGII
US$54.98
Digi International
7D
-0.3%
1Y
110.8%

DGII: Execution On Security And AI Initiatives Will Shape Fairly Valued Outlook

Analysts have increased their price target on Digi International by $5 to $50.50, citing updated assumptions on the discount rate, revenue growth, profit margins, and future P/E. Analyst Commentary Recent research highlights how updated assumptions on discount rate, revenue growth, profit margins, and future P/E feed into the new US$50.50 price target for Digi International.
VIAV
US$44.14
Viavi Solutions
7D
6.4%
1Y
356.4%
UI
US$1,084.50
Ubiquiti
7D
14.0%
1Y
277.2%
CSCO
US$86.25
Cisco Systems
7D
4.7%
1Y
58.6%

Cisco Remains A Buy As AI Tailwinds Broaden

Apr 14
VSAT
US$62.85
Viasat
7D
11.1%
1Y
654.5%

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.
LITE
US$894.07
Lumentum Holdings
7D
2.6%
1Y
1,685.6%
BKTI
US$95.98
BK Technologies
7D
-0.03%
1Y
130.3%

BKTI: Stable Outlook With Completed Buyback And Upcoming Analyst Day

Analysts kept their fair value estimate for BK Technologies effectively unchanged at $97.00, reflecting only very slight tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions rather than a shift in their overall view. What's in the News BK Technologies plans an Analyst/Investor Day, giving current and prospective shareholders a focused opportunity to hear directly from management about the business and capital allocation plans (Key Developments).
FFIV
US$310.87
F5
7D
4.3%
1Y
24.0%

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.
OCC
US$11.25
Optical Cable
7D
-2.8%
1Y
300.4%
PCLA
US$2.22
PicoCELA
7D
-9.4%
1Y
-86.1%