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U.S. Communications Industry Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies79
  • 7D6.8%
  • 3M18.8%
  • 1Y79.5%
  • YTD47.1%

Over the last 7 days, the Communications industry has risen 6.8%, driven by gains in Cisco Systems and Arista Networks of 7.6% and 17%, respectively. In the same time, Viasat was down 11%. This means that the industry has gained 79% over the past year. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Jul 2026US$976.4bUS$115.3bUS$20.6b33.3x47.4x8.5x
Mon, 08 Jun 2026US$998.2bUS$115.3bUS$20.6b32.6x48.5x8.7x
Wed, 06 May 2026US$943.4bUS$111.5bUS$18.5b37.8x50.9x8.5x
Fri, 03 Apr 2026US$757.3bUS$109.2bUS$18.4b44.3x41.2x6.9x
Sun, 01 Mar 2026US$763.6bUS$109.0bUS$18.3b43.3x41.8x7x
Tue, 27 Jan 2026US$673.1bUS$106.1bUS$16.7b31.6x40.2x6.3x
Thu, 25 Dec 2025US$679.3bUS$106.1bUS$16.7b34.4x40.6x6.4x
Sat, 22 Nov 2025US$622.4bUS$105.9bUS$16.6b29.5x37.5x5.9x
Mon, 20 Oct 2025US$659.7bUS$103.3bUS$16.0b30.1x41.2x6.4x
Wed, 17 Sep 2025US$643.6bUS$103.3bUS$16.0b28.3x40.2x6.2x
Fri, 15 Aug 2025US$625.3bUS$102.8bUS$16.1b26.3x38.9x6.1x
Sun, 13 Jul 2025US$555.2bUS$100.5bUS$14.0b28.6x39.7x5.5x
Tue, 10 Jun 2025US$542.6bUS$105.7bUS$14.4b26.9x37.8x5.1x
Thu, 08 May 2025US$499.0bUS$103.8bUS$13.4b21.9x37.3x4.8x
Sat, 05 Apr 2025US$462.3bUS$102.8bUS$12.4b23.2x37.2x4.5x
Mon, 03 Mar 2025US$531.1bUS$103.1bUS$12.3b27.8x43.1x5.1x
Wed, 29 Jan 2025US$529.0bUS$102.4bUS$11.9b25.2x44.3x5.2x
Fri, 27 Dec 2024US$550.3bUS$102.5bUS$12.1b25.4x45.6x5.4x
Sun, 24 Nov 2024US$529.9bUS$102.5bUS$12.1b24.2x43.7x5.2x
Tue, 22 Oct 2024US$506.7bUS$103.0bUS$12.0b28.3x42.2x4.9x
Thu, 19 Sep 2024US$457.4bUS$103.0bUS$12.0b24x38.1x4.4x
Sat, 17 Aug 2024US$432.4bUS$101.3bUS$11.7b24.5x37x4.3x
Mon, 15 Jul 2024US$355.8bUS$92.6bUS$12.6b26.5x28.2x3.8x
Wed, 12 Jun 2024US$326.3bUS$92.7bUS$12.6b27.5x25.9x3.5x
Fri, 10 May 2024US$334.4bUS$94.5bUS$14.1b27.1x23.6x3.5x
Sun, 07 Apr 2024US$399.9bUS$104.8bUS$16.3b34.3x24.6x3.8x
Tue, 05 Mar 2024US$400.4bUS$104.8bUS$16.4b32.6x24.5x3.8x
Thu, 01 Feb 2024US$351.4bUS$95.9bUS$15.0b23.4x23.4x3.7x
Sat, 30 Dec 2023US$331.6bUS$96.1bUS$15.1b24.6x22x3.5x
Mon, 27 Nov 2023US$312.6bUS$96.2bUS$14.9b23.8x21x3.2x
Wed, 25 Oct 2023US$314.1bUS$94.7bUS$14.6b20.5x21.5x3.3x
Fri, 22 Sep 2023US$321.7bUS$94.7bUS$14.6b23.4x22x3.4x
Sun, 20 Aug 2023US$332.0bUS$94.5bUS$14.6b25.6x22.7x3.5x
Tue, 18 Jul 2023US$311.3bUS$91.4bUS$13.5b23.8x23x3.4x
Price to Earnings Ratio

23x


Total Market Cap: US$311.3bTotal Earnings: US$13.5bTotal Revenue: US$91.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 35.2x202420252026
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 47.4x which is higher than its 3-year average PE of 35.2x.
  • The 3-year average PS ratio of 5.1x 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 Market0.59%
Tech2.71%
Communications6.81%
Communications Equipment6.81%
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$121.317.6%
+US$34.0b		78.5%PE40x
ANET Arista NetworksUS$186.9616.9%
+US$34.0b		72.2%PE63.3x
LITE Lumentum HoldingsUS$802.0110.1%
+US$5.7b		762.5%PE142.1x
CIEN CienaUS$460.729.1%
+US$5.4b		492.6%PE148.8x
UI UbiquitiUS$550.994.9%
+US$1.5b		36.1%PE35.4x

Latest News

LITE
US$802.01
Lumentum Holdings
7D
10.1%
1Y
762.5%
Seeking Alpha • 8h

Lumentum: A Clear Winner Of Data Center Networking Speed Upgrades

Summary Lumentum Holdings Inc. is well-positioned to benefit from industry-wide upgrades to higher data transmission speeds, driving robust EML demand. The optical devices market remains tight through at least 2028, supporting 15-20% ASP increases and gross margin expansion for LITE. LITE is at a critical inflection point toward positive free cash flow, with >30% FCF margins expected by FY28 mitigating higher interest rate risks. LITE trades at a 1-year forward P/E multiple of 49.5x, representing a narrow 3% discount to the optical peer group median. This suggests relatively fair valuation. The LITE technical charts are clearly bullish, and pullbacks are healthy corrections providing opportunities to buy more. Read the full article on Seeking Alpha
EXTR
US$33.71
Extreme Networks
7D
13.1%
1Y
95.0%
ANET
US$186.96
Arista Networks
7D
16.9%
1Y
72.2%
CSCO
US$121.31
Cisco Systems
7D
7.6%
1Y
78.5%
FFIV
US$430.39
F5
7D
5.5%
1Y
47.4%
Narrative Update • Jul 09

FFIV: AI Security And Hybrid Multicloud Demand Will Drive Future Upside

The analyst price target for F5 has moved from $464.25 to $490.00 as analysts factor in the company's updated mid term revenue and earnings guides tied to growing demand for application delivery, security, hybrid multicloud, and AI related workloads. Analyst Commentary Recent research on F5 highlights a cluster of higher price targets and a shift in tone as analysts respond to the company’s updated mid term guidance and comments around application delivery, security, and AI driven workloads.
CHAI
US$0.54
Core AI Holdings
7D
-17.1%
1Y
n/a
UI
US$550.99
Ubiquiti
7D
4.9%
1Y
36.1%
Seeking Alpha • Jul 08

Ubiquiti: Even The Bull Case Struggles To Reach Today's Price

Summary Ubiquiti is rated Sell, as the current valuation exceeds the justified fair value based on forward growth and peer multiples. Enterprise Technology drives 91% of revenue, compounding above 20%, but consensus expects a deceleration to 12.9% growth in FY2027. Despite a debt-free balance sheet and 47% gross margins, UI's price ($525) sits above a defensible fair value range of $400–$490. Thin analyst coverage and single-segment growth concentration heighten valuation risk; upside depends on sustained Enterprise Tech acceleration or Service Provider stabilization. Read the full article on Seeking Alpha
VIAV
US$43.08
Viavi Solutions
7D
3.4%
1Y
319.5%
Narrative Update • Jul 08

VIAV: Field Instrument Demand And DCI Ramps May Drive Upside

Viavi Solutions' analyst fair value estimate has increased from $25.00 to $60.00. Analysts attribute this change to stronger expected Field Instrument revenue, supported by higher DCI ramp activity at key customers and related scale-across opportunities.
CIEN
US$460.72
Ciena
7D
9.1%
1Y
492.6%
DGII
US$67.69
Digi International
7D
-6.2%
1Y
100.8%
Narrative Update • Jul 07

DGII: AI Security And Connectivity Rollout Will Support Balanced Forward Risk Reward

The analyst price target for Digi International has been revised from $68.50 to $72.20, with analysts citing updated expectations for revenue growth, profit margins, and forward P/E assumptions as the primary reasons for the change. Analyst Commentary Recent Street research on Digi International points to a cluster of higher price targets, with analysts highlighting updated expectations for revenue, profitability, and the valuation framework used in their P/E work.
ITRN
US$56.00
Ituran Location and Control
7D
-2.0%
1Y
42.3%
VSAT
US$73.56
Viasat
7D
-11.4%
1Y
389.7%
GILT
US$12.01
Gilat Satellite Networks
7D
-6.8%
1Y
59.5%
CLFD
US$33.77
Clearfield
7D
-0.6%
1Y
-18.5%
CRNT
US$2.35
Ceragon Networks
7D
-2.9%
1Y
-4.5%
PCLA
US$4.76
PicoCELA
7D
-14.2%
1Y
-95.1%