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U.S. Communications Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies79
  • 7D1.0%
  • 3M30.2%
  • 1Y81.0%
  • YTD46.7%

The Communications is pretty flat in the last 7 days, but Arista Networks has stood out, gaining 4.7%. As for the the longer term, the industry is up 81% over the past 12 months. 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
Wed, 01 Jul 2026US$993.5bUS$115.3bUS$20.6b32.8x48.2x8.6x
Fri, 29 May 2026US$1.0tUS$114.8bUS$20.1b33.2x50.5x8.8x
Sun, 26 Apr 2026US$918.0bUS$109.2bUS$18.4b49.4x49.9x8.4x
Tue, 24 Mar 2026US$759.1bUS$109.3bUS$18.4b42.9x41.3x6.9x
Thu, 19 Feb 2026US$738.3bUS$109.2bUS$18.2b34.7x40.6x6.8x
Sat, 17 Jan 2026US$671.5bUS$106.1bUS$16.7b31.5x40.2x6.3x
Mon, 15 Dec 2025US$681.5bUS$106.1bUS$16.7b34.4x40.8x6.4x
Wed, 12 Nov 2025US$649.9bUS$104.8bUS$16.3b29.3x39.8x6.2x
Fri, 10 Oct 2025US$679.1bUS$103.3bUS$16.0b30.7x42.4x6.6x
Sun, 07 Sep 2025US$631.9bUS$103.3bUS$16.0b26x39.5x6.1x
Tue, 05 Aug 2025US$570.9bUS$100.7bUS$14.1b27.8x40.5x5.7x
Thu, 03 Jul 2025US$550.3bUS$100.5bUS$14.0b28.5x39.3x5.5x
Sat, 31 May 2025US$515.8bUS$105.5bUS$14.3b25.9x36x4.9x
Mon, 28 Apr 2025US$472.4bUS$102.8bUS$12.4b24.6x38x4.6x
Wed, 26 Mar 2025US$506.8bUS$102.8bUS$12.4b26.4x40.7x4.9x
Fri, 21 Feb 2025US$553.2bUS$104.5bUS$12.3b28x45.1x5.3x
Sun, 19 Jan 2025US$561.7bUS$102.4bUS$11.9b25.5x47x5.5x
Tue, 17 Dec 2024US$542.9bUS$102.5bUS$12.1b25.8x45x5.3x
Thu, 14 Nov 2024US$526.2bUS$103.2bUS$13.0b25.3x40.4x5.1x
Sat, 12 Oct 2024US$493.2bUS$103.0bUS$12.0b27.4x41.1x4.8x
Mon, 09 Sep 2024US$429.4bUS$102.9bUS$12.0b24.5x35.8x4.2x
Wed, 07 Aug 2024US$396.4bUS$102.7bUS$13.8b26x28.8x3.9x
Fri, 05 Jul 2024US$353.8bUS$92.6bUS$12.6b25.8x28x3.8x
Sun, 02 Jun 2024US$330.0bUS$92.9bUS$12.7b27.3x26x3.6x
Tue, 30 Apr 2024US$383.1bUS$104.6bUS$16.2b31.8x23.7x3.7x
Thu, 28 Mar 2024US$403.4bUS$104.8bUS$16.3b32x24.8x3.8x
Sat, 24 Feb 2024US$389.9bUS$105.0bUS$16.5b31.5x23.6x3.7x
Mon, 22 Jan 2024US$345.2bUS$96.1bUS$15.1b25.6x22.8x3.6x
Wed, 20 Dec 2023US$329.1bUS$96.1bUS$15.1b24.9x21.8x3.4x
Fri, 17 Nov 2023US$307.7bUS$96.2bUS$14.9b23x20.7x3.2x
Sun, 15 Oct 2023US$323.2bUS$94.7bUS$14.6b21.6x22.1x3.4x
Tue, 12 Sep 2023US$343.0bUS$94.7bUS$14.6b28.1x23.4x3.6x
Thu, 10 Aug 2023US$323.5bUS$92.3bUS$13.6b26.3x23.8x3.5x
Sat, 08 Jul 2023US$313.6bUS$91.4bUS$13.5b23.5x23.2x3.4x
Price to Earnings Ratio

23.2x


Total Market Cap: US$313.6bTotal Earnings: US$13.5bTotal Revenue: US$91.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 35x202420252026
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 48.2x which is higher than its 3-year average PE of 35.0x.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 8.6x.
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 Market1.92%
Tech2.32%
Communications0.96%
Communications Equipment0.96%
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$169.884.7%
+US$9.7b		71.8%PE57.5x
CIEN CienaUS$490.566.7%
+US$4.3b		512.4%PE158.4x
MSI Motorola SolutionsUS$415.296.6%
+US$4.3b		-2.4%PE33x
VSAT ViasatUS$89.8144.3%
+US$3.8b		490.5%PS2.6x
LITE Lumentum HoldingsUS$858.063.6%
+US$2.3b		837.9%PE152.1x

Latest News

VSAT
US$89.81
Viasat
7D
44.3%
1Y
490.5%
DGII
US$74.95
Digi International
7D
9.0%
1Y
112.7%
CSCO
US$117.46
Cisco Systems
7D
-3.0%
1Y
70.0%
CIEN
US$490.56
Ciena
7D
6.7%
1Y
512.4%
LITE
US$858.06
Lumentum Holdings
7D
3.6%
1Y
837.9%
VIAV
US$47.75
Viavi Solutions
7D
-4.4%
1Y
369.7%
ANET
US$169.88
Arista Networks
7D
4.7%
1Y
71.8%
ADTN
US$13.90
ADTRAN Holdings
7D
-3.9%
1Y
52.1%
ONDS
US$8.24
Ondas
7D
-3.4%
1Y
320.4%
Narrative Update • Jun 26

ONDS: Autonomous Defense Backlog And Cyberhawk Deal Will Drive Future Upside

Analysts have lifted their Ondas price target from $10.00 to $16.00, citing sector interest following reports of potential U.S. federal funding for drone companies and updated assumptions around revenue growth, profit margins and future P/E levels. What’s in the News for Ondas Ondas reported Q2 2026 orders above US$150 million across defense, security, and autonomous platforms, including C UAS, loitering munitions, ISR systems, UGVs, and robotic defense mechanisms.
MSI
US$415.29
Motorola Solutions
7D
6.6%
1Y
-2.4%
Narrative Update • Jun 26

MSI: Public Safety AI Suites Will Support Future Upside Beyond 2026

Analysts have raised their blended price target for Motorola Solutions to about $507 from roughly $488, reflecting updated views on fair value with only modest adjustments to revenue growth, margin and P/E assumptions. Analyst Commentary Recent Street research on Motorola Solutions reflects a mix of optimism on execution and caution on how much of that story is already reflected in the stock price.
LTRX
US$5.88
Lantronix
7D
-3.6%
1Y
108.5%
Narrative Update • Jun 26

LTRX: Edge AI Drone Revenues Will Drive Future Upside Potential

Lantronix's analyst fair value estimate has moved from $7.88 to $9.90, as analysts highlight its role in edge AI compute for drones and connected infrastructure. This view is supported by recent Street price targets of $10.50 and $11 that emphasize the company's platform breadth and exposure to unmanned systems and smart city projects.
FFIV
US$415.96
F5
7D
6.8%
1Y
40.5%
Narrative Update • Jun 25

FFIV: AI Security And Hybrid Multicloud Demand Will Support Balanced Refresh Outlook

F5's analyst price target has been nudged higher, with the fair value estimate moving from $406.50 to $409.00 as analysts factor in updated assumptions around the discount rate, long term revenue growth, profit margins, and future P/E following a series of price target increases tied to expectations for demand from hybrid multicloud, AI inference workloads, and broader application security needs. Analyst Commentary Recent research on F5 highlights a wide range of views on how much the stock should be worth, with several large firms adjusting their price targets after the company shared long term goals around revenue, earnings power, and demand tied to hybrid multicloud and AI workloads.
ITRN
US$61.01
Ituran Location and Control
7D
-4.0%
1Y
57.3%
Narrative Update • Jun 25

ITRN: Recurring Mobility Data And OEM Partnerships Will Drive Future Cash Returns

Analysts have reiterated their price target for Ituran Location and Control at $73.50, citing largely unchanged assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as support for maintaining this level. What's in the News for Ituran Location and Control Ituran Location and Control reported record Q1 2026 revenues and growth in subscription based recurring revenue, highlighting the role of its connected mobility services in the business model.
RBBN
US$2.34
Ribbon Communications
7D
-2.5%
1Y
-44.0%
Narrative Update • Jun 22

RBBN: Refined P/E Assumptions Will Support Future Multiple Repricing

Analysts have made a modest upward adjustment to Ribbon Communications' target valuation in dollar terms, reflecting updated views on risk, near term earnings potential, and P/E assumptions, while keeping the underlying fair value framework broadly unchanged. Analyst Commentary Recent commentary on Ribbon Communications points to a modestly improved stance on the stock, with updated assumptions feeding into a slightly higher target valuation while the broader framework stays intact.
NTCT
US$43.55
NetScout Systems
7D
7.2%
1Y
75.5%
Narrative Update • Jun 18

NTCT: Future Returns Will Balance AI Data Monetization And Capital Discipline

Analysts have lifted their price target on NetScout Systems stock by $8 to $41.71, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that were highlighted in recent Street research. What’s in the News for NetScout Systems 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, with prior PwC reports containing no adverse opinion or qualification.
UI
US$534.03
Ubiquiti
7D
-5.2%
1Y
30.6%