If EPS Growth Is Important To You, Arista Networks (NYSE:ANET) Presents An Opportunity
Jun 04
U.S. Communications Industry Analysis
UpdatedJun 05, 2024
DataAggregated Company Financials
Companies74
- 7D-0.1%
- 3M-3.3%
- 1Y8.8%
- YTD1.1%
The Communications industry has been flat over the last week, but Arista Networks has lost 4.7%. As for the the longer term, the industry is up 8.8% over the past 12 months. Looking forward, earnings are forecast to grow by 8.2% annually.
Industry Valuation and Performance
Has the U.S. Communications Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 05 Jun 2024 | US$329.9b | US$92.9b | US$12.7b | 26.3x | 26x | 3.6x |
| Fri, 03 May 2024 | US$373.6b | US$104.4b | US$16.1b | 32.8x | 23.2x | 3.6x |
| Sun, 31 Mar 2024 | US$404.7b | US$104.8b | US$16.3b | 31.8x | 24.9x | 3.9x |
| Tue, 27 Feb 2024 | US$390.0b | US$105.0b | US$16.5b | 31.9x | 23.6x | 3.7x |
| Thu, 25 Jan 2024 | US$346.9b | US$96.1b | US$15.1b | 26.3x | 22.9x | 3.6x |
| Sat, 23 Dec 2023 | US$329.6b | US$96.1b | US$15.1b | 25.1x | 21.8x | 3.4x |
| Mon, 20 Nov 2023 | US$307.6b | US$96.2b | US$14.9b | 23.1x | 20.7x | 3.2x |
| Wed, 18 Oct 2023 | US$326.7b | US$94.7b | US$14.6b | 20.5x | 22.3x | 3.4x |
| Fri, 15 Sep 2023 | US$338.4b | US$94.7b | US$14.6b | 29.3x | 23.1x | 3.6x |
| Sun, 13 Aug 2023 | US$326.4b | US$92.4b | US$13.6b | 26.4x | 24.1x | 3.5x |
| Tue, 11 Jul 2023 | US$316.3b | US$91.4b | US$13.5b | 23.8x | 23.4x | 3.5x |
| Thu, 08 Jun 2023 | US$307.9b | US$91.4b | US$13.5b | 23.1x | 22.8x | 3.4x |
| Sat, 06 May 2023 | US$281.7b | US$89.9b | US$13.5b | 23.3x | 20.9x | 3.1x |
| Mon, 03 Apr 2023 | US$322.9b | US$89.0b | US$13.1b | 26.7x | 24.6x | 3.6x |
| Wed, 01 Mar 2023 | US$296.8b | US$88.8b | US$13.1b | 28.6x | 22.6x | 3.3x |
| Fri, 27 Jan 2023 | US$295.5b | US$86.9b | US$13.0b | 27.8x | 22.7x | 3.4x |
| Sun, 25 Dec 2022 | US$288.8b | US$86.7b | US$13.0b | 27.9x | 22.1x | 3.3x |
| Tue, 22 Nov 2022 | US$295.9b | US$86.8b | US$13.1b | 30.3x | 22.6x | 3.4x |
| Thu, 20 Oct 2022 | US$259.7b | US$84.9b | US$13.5b | 23.4x | 19.3x | 3.1x |
| Sat, 17 Sep 2022 | US$269.6b | US$85.2b | US$13.4b | 24.2x | 20.1x | 3.2x |
| Mon, 15 Aug 2022 | US$295.7b | US$85.2b | US$14.0b | 23.5x | 21.2x | 3.5x |
| Wed, 13 Jul 2022 | US$261.6b | US$84.6b | US$14.0b | 21.8x | 18.7x | 3.1x |
| Fri, 10 Jun 2022 | US$271.3b | US$84.7b | US$14.0b | 23.2x | 19.4x | 3.2x |
| Sun, 08 May 2022 | US$298.8b | US$84.4b | US$13.9b | 22.8x | 21.4x | 3.5x |
| Tue, 05 Apr 2022 | US$345.0b | US$84.2b | US$14.2b | 27.9x | 24.4x | 4.1x |
| Thu, 03 Mar 2022 | US$347.4b | US$84.8b | US$14.3b | 27.3x | 24.3x | 4.1x |
| Sat, 29 Jan 2022 | US$365.1b | US$94.1b | US$14.4b | 26.1x | 25.3x | 3.9x |
| Mon, 27 Dec 2021 | US$411.3b | US$93.3b | US$14.1b | 25.1x | 29.1x | 4.4x |
| Wed, 24 Nov 2021 | US$370.3b | US$93.1b | US$14.0b | 23.4x | 26.4x | 4x |
| Fri, 22 Oct 2021 | US$338.9b | US$89.8b | US$12.6b | 23.5x | 26.9x | 3.8x |
| Sun, 19 Sep 2021 | US$339.5b | US$91.8b | US$12.7b | 22.6x | 26.6x | 3.7x |
| Tue, 17 Aug 2021 | US$343.0b | US$92.0b | US$12.8b | 19.8x | 26.8x | 3.7x |
Price to Earnings Ratio
26.5x
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 26.0x which is higher than its 3-year average PE of 23.4x.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
- Both revenue and earnings for companies in the Communications industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | -0.65% | |
| Tech | -1.74% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CSCO Cisco Systems | US$47.42 | 2.5% +US$4.6b | -4.8% | PE15.8x | |
| MSI Motorola Solutions | US$369.22 | 2.6% +US$1.6b | 32.7% | PE44.2x | |
| JNPR Juniper Networks | US$35.24 | 2.4% +US$266.5m | 19.4% | PE51.1x | |
| CALX Calix | US$35.49 | 4.6% +US$101.6m | -29.3% | PE117.3x | |
| COMM CommScope Holding Company | US$1.53 | 30.8% +US$76.4m | -64.7% | PS0.06x |
