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U.S. Communications Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies78
  • 7D1.1%
  • 3M24.8%
  • 1Y89.3%
  • YTD43.9%

Over the last 7 days, the Communications industry has risen 1.1%, driven by gains from Arista Networks of 8.7%. This takes the industry's 12 month performance to a gain of 89%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Jun 2026US$998.2bUS$115.3bUS$20.6b32x48.4x8.7x
Sat, 16 May 2026US$1.0tUS$114.8bUS$20.2b30.9x49.6x8.7x
Mon, 13 Apr 2026US$839.0bUS$109.2bUS$18.4b45x45.6x7.7x
Wed, 11 Mar 2026US$744.5bUS$109.3bUS$18.4b39.9x40.5x6.8x
Fri, 06 Feb 2026US$706.1bUS$106.6bUS$16.9b31.5x41.9x6.6x
Sun, 04 Jan 2026US$676.2bUS$106.1bUS$16.7b36.4x40.4x6.4x
Tue, 02 Dec 2025US$661.3bUS$105.8bUS$16.6b30.9x39.8x6.2x
Thu, 30 Oct 2025US$689.5bUS$103.4bUS$16.0b30.4x43x6.7x
Sat, 27 Sep 2025US$637.8bUS$103.3bUS$16.0b30.2x39.9x6.2x
Mon, 25 Aug 2025US$606.6bUS$103.1bUS$16.2b25.5x37.4x5.9x
Wed, 23 Jul 2025US$566.6bUS$100.5bUS$14.0b28.4x40.5x5.6x
Fri, 20 Jun 2025US$529.4bUS$105.7bUS$14.3b26.6x36.9x5x
Sun, 18 May 2025US$536.0bUS$105.5bUS$14.5b25.8x37x5.1x
Tue, 15 Apr 2025US$463.5bUS$102.8bUS$12.4b24.9x37.3x4.5x
Thu, 13 Mar 2025US$486.3bUS$103.1bUS$12.4b25.8x39.3x4.7x
Sat, 08 Feb 2025US$572.3bUS$102.7bUS$12.3b25.6x46.6x5.6x
Mon, 06 Jan 2025US$544.6bUS$102.4bUS$12.1b24.5x45x5.3x
Wed, 04 Dec 2024US$534.1bUS$102.5bUS$12.1b23.8x44.1x5.2x
Fri, 01 Nov 2024US$489.5bUS$102.9bUS$12.1b24x40.6x4.8x
Sun, 29 Sep 2024US$477.1bUS$103.0bUS$12.0b26.4x39.8x4.6x
Tue, 27 Aug 2024US$455.5bUS$103.1bUS$12.0b27.8x38.1x4.4x
Thu, 25 Jul 2024US$347.3bUS$92.6bUS$12.6b26.7x27.5x3.8x
Sat, 22 Jun 2024US$343.1bUS$92.7bUS$12.6b26.5x27.2x3.7x
Mon, 20 May 2024US$344.9bUS$92.4bUS$12.7b27.3x27.1x3.7x
Wed, 17 Apr 2024US$382.9bUS$104.8bUS$16.3b33.2x23.6x3.7x
Fri, 15 Mar 2024US$400.8bUS$104.8bUS$16.3b31.8x24.5x3.8x
Sun, 11 Feb 2024US$400.6bUS$105.5bUS$16.5b29.6x24.3x3.8x
Tue, 09 Jan 2024US$326.6bUS$96.1bUS$15.1b25.3x21.6x3.4x
Thu, 07 Dec 2023US$308.8bUS$96.0bUS$14.9b25.1x20.7x3.2x
Sat, 04 Nov 2023US$327.1bUS$94.9bUS$14.7b23.1x22.2x3.4x
Mon, 02 Oct 2023US$325.4bUS$94.7bUS$14.6b24.6x22.2x3.4x
Wed, 30 Aug 2023US$340.8bUS$94.5bUS$14.6b30.2x23.3x3.6x
Fri, 28 Jul 2023US$322.1bUS$91.5bUS$13.5b26.1x23.8x3.5x
Sun, 25 Jun 2023US$306.1bUS$91.4bUS$13.5b23.6x22.7x3.3x
Price to Earnings Ratio

22.7x


Total Market Cap: US$306.1bTotal Earnings: US$13.5bTotal Revenue: US$91.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 34.7x202420252026
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 48.4x which is higher than its 3-year average PE of 34.7x.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 8.7x.
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 Market1.98%
Tech3.56%
Communications1.12%
Communications Equipment1.12%
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$164.938.7%
+US$16.6b		82.8%PE55.8x
LITE Lumentum HoldingsUS$869.982.0%
+US$1.3b		883.5%PE154.2x
VIAV Viavi SolutionsUS$48.734.1%
+US$468.0m		421.7%PS8.7x
VSAT ViasatUS$64.555.0%
+US$416.5m		385.0%PS1.9x
UI UbiquitiUS$562.820.9%
+US$319.0m		49.4%PE36.2x

Latest News

EXTR
US$30.83
Extreme Networks
7D
7.9%
1Y
85.8%
AAOI
US$167.34
Applied Optoelectronics
7D
-4.4%
1Y
746.4%
Analysis Article • 11h

Applied Optoelectronics (AAOI) Stock Could Be 119% Overvalued After AI Optics Rally

Applied Optoelectronics (AAOI) stock is back in focus after a series of AI related catalysts, including a Texas manufacturing expansion, stronger QuantumLink software ties with Spectrum, and public support for optics from Nvidia’s CEO. See our latest analysis for Applied Optoelectronics. After surging on AI infrastructure enthusiasm and the expanded QuantumLink deal with Spectrum, Applied Optoelectronics’ share price has recently pulled back, with a 1-day share price return of 10.83% down and...
HLIT
US$14.85
Harmonic
7D
10.0%
1Y
68.9%
CMTL
US$2.56
Comtech Telecommunications
7D
-40.3%
1Y
23.7%
ONDS
US$9.12
Ondas
7D
-7.2%
1Y
488.4%
CIEN
US$436.72
Ciena
7D
0.5%
1Y
491.6%
CSCO
US$117.33
Cisco Systems
7D
-1.2%
1Y
78.2%
Analysis Article • Jun 16

Cisco Systems (CSCO) Stock Could Be 8.7% Overvalued After New AI Partnerships

Cisco Systems (CSCO) has moved back into the spotlight after new AI focused alliances with Equinix and NVIDIA, alongside the Cisco Cloud Control launch, recast the stock as an enterprise AI infrastructure partner. See our latest analysis for Cisco Systems. Despite a small 0.8% decline in the latest session, Cisco Systems’ recent AI partnerships and product launches have coincided with a 51.6% 90 day share price return and a 160.71% 5 year total shareholder return, indicating strong momentum...
LITE
US$869.98
Lumentum Holdings
7D
2.0%
1Y
883.5%
VSAT
US$64.55
Viasat
7D
5.0%
1Y
385.0%
Narrative Update • Jun 16

VSAT: Regulatory Delays On New Satellites Will Likely Cap Stock Upside

The analyst price target for Viasat has shifted from $48.00 to $49.00, reflecting analyst views that recent sector-wide target increases, along with the emphasis on the value of Viasat's spectrum assets, defense technology operations, and upcoming Viasat-3 milestones, support a slightly higher fair value estimate. Analyst Commentary Recent research coverage on Viasat highlights a wide range of price targets, with several firms publishing higher numbers that cluster in the US$90 to US$106 range.
VIAV
US$48.73
Viavi Solutions
7D
4.1%
1Y
421.7%
CALX
US$37.54
Calix
7D
-2.7%
1Y
-20.3%
ANET
US$164.93
Arista Networks
7D
8.7%
1Y
82.8%
FFIV
US$384.88
F5
7D
-1.5%
1Y
34.3%
MSI
US$400.70
Motorola Solutions
7D
-2.7%
1Y
-1.0%
NTCT
US$39.22
NetScout Systems
7D
-2.7%
1Y
64.4%
Narrative Update • Jun 04

NTCT: Raised Fair Value And Guidance Will Likely Cap Future Share Returns

Analysts have raised their fair value estimate for NetScout Systems by about $9.86 to $37.13, citing updated assumptions around revenue growth, profit margins, discount rates, and future P/E that are consistent with recent price target changes, including the $9 increase from RBC Capital. What's in the News On May 28, 2026, the audit committee dismissed PricewaterhouseCoopers as the independent registered public accounting firm and appointed KPMG as the new auditor for the fiscal year ending March 31, 2027.
UI
US$562.82
Ubiquiti
7D
0.9%
1Y
49.4%