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U.S. Communications Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies77
  • 7D0.7%
  • 3M27.5%
  • 1Y91.2%
  • YTD48.7%

Over the last 7 days, the Communications industry has remained flat, although notably Arista Networks gained 3.2%. As for the the longer term, the industry is up 91% over the past 12 months. 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
Tue, 23 Jun 2026US$1.0tUS$115.3bUS$20.6b31.2x48.5x8.7x
Thu, 21 May 2026US$958.2bUS$114.8bUS$20.2b31.4x47.4x8.3x
Sat, 18 Apr 2026US$877.0bUS$109.2bUS$18.4b48.7x47.7x8x
Mon, 16 Mar 2026US$752.4bUS$109.3bUS$18.4b41.9x40.9x6.9x
Wed, 11 Feb 2026US$768.5bUS$106.8bUS$17.2b33x44.6x7.2x
Fri, 09 Jan 2026US$669.4bUS$106.1bUS$16.7b39x40x6.3x
Sun, 07 Dec 2025US$664.6bUS$105.8bUS$16.6b32.2x40x6.3x
Tue, 04 Nov 2025US$689.8bUS$103.8bUS$16.0b31.1x43.2x6.6x
Thu, 02 Oct 2025US$649.8bUS$103.3bUS$16.0b29.9x40.6x6.3x
Sat, 30 Aug 2025US$625.1bUS$103.0bUS$16.2b26.2x38.5x6.1x
Mon, 28 Jul 2025US$572.8bUS$100.6bUS$14.0b28.6x40.9x5.7x
Wed, 25 Jun 2025US$549.8bUS$105.7bUS$14.3b29.2x38.3x5.2x
Fri, 23 May 2025US$525.3bUS$105.5bUS$14.3b26x36.7x5x
Sun, 20 Apr 2025US$454.4bUS$102.8bUS$12.4b24.1x36.5x4.4x
Tue, 18 Mar 2025US$493.9bUS$102.8bUS$12.5b25.9x39.7x4.8x
Thu, 13 Feb 2025US$566.4bUS$102.8bUS$12.3b26.5x46.2x5.5x
Sat, 11 Jan 2025US$547.3bUS$102.4bUS$12.1b23.7x45.2x5.3x
Mon, 09 Dec 2024US$543.0bUS$102.5bUS$12.1b24.8x44.8x5.3x
Wed, 06 Nov 2024US$498.0bUS$102.8bUS$12.0b24.3x41.4x4.8x
Fri, 04 Oct 2024US$479.2bUS$102.9bUS$12.0b24.7x39.9x4.7x
Sun, 01 Sep 2024US$456.5bUS$103.1bUS$12.0b27.2x38.1x4.4x
Tue, 30 Jul 2024US$345.5bUS$92.3bUS$12.2b27.4x28.4x3.7x
Thu, 27 Jun 2024US$344.0bUS$92.7bUS$12.6b26.1x27.3x3.7x
Sat, 25 May 2024US$330.8bUS$92.9bUS$12.7b27.5x26.1x3.6x
Mon, 22 Apr 2024US$377.1bUS$104.8bUS$16.3b30.1x23.2x3.6x
Wed, 20 Mar 2024US$398.0bUS$104.8bUS$16.3b31.5x24.4x3.8x
Fri, 16 Feb 2024US$394.5bUS$105.0bUS$16.5b30.3x23.8x3.8x
Sun, 14 Jan 2024US$337.3bUS$96.1bUS$15.1b25.1x22.3x3.5x
Tue, 12 Dec 2023US$320.9bUS$96.1bUS$15.1b25.5x21.2x3.3x
Thu, 09 Nov 2023US$326.9bUS$94.9bUS$14.7b22.8x22.3x3.4x
Sat, 07 Oct 2023US$324.5bUS$94.7bUS$14.6b23.4x22.2x3.4x
Mon, 04 Sep 2023US$351.9bUS$94.7bUS$14.6b31x24x3.7x
Wed, 02 Aug 2023US$326.5bUS$92.1bUS$13.6b27x24x3.5x
Fri, 30 Jun 2023US$314.9bUS$91.4bUS$13.5b23.7x23.3x3.4x
Price to Earnings Ratio

23.3x


Total Market Cap: US$314.9bTotal Earnings: US$13.5bTotal Revenue: US$91.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 34.8x202420252026
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 48.5x which is higher than its 3-year average PE of 34.8x.
  • 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 Market-1.82%
Tech-0.54%
Communications0.71%
Communications Equipment0.71%
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$174.563.2%
+US$6.9b		89.8%PE59.1x
CSCO Cisco SystemsUS$121.531.1%
+US$5.4b		80.4%PE40.1x
LITE Lumentum HoldingsUS$893.932.1%
+US$1.4b		873.7%PE158.4x
UI UbiquitiUS$579.450.8%
+US$285.1m		49.1%PE37.2x
ADTN ADTRAN HoldingsUS$15.583.0%
+US$36.3m		84.2%PS1.1x

Latest News

FFIV
US$391.27
F5
7D
-1.4%
1Y
32.6%
ADTN
US$15.58
ADTRAN Holdings
7D
3.0%
1Y
84.2%
ANET
US$174.56
Arista Networks
7D
3.2%
1Y
89.8%
CSCO
US$121.53
Cisco Systems
7D
1.1%
1Y
80.4%
CIEN
US$460.33
Ciena
7D
-0.7%
1Y
510.2%
GILT
US$12.57
Gilat Satellite Networks
7D
-12.1%
1Y
90.2%
Analysis Article • Jun 20

Gilat Satellite Networks (GILT) Stock Could Be 31.3% Undervalued on Its Software Shift Story

Gilat Satellite Networks (GILT) has drawn investor attention after recent share price moves, with the stock closing at $13.19. That puts its market value near $1.0b, supported by reported revenue of $470.094m and net income of $31.953m. See our latest analysis for Gilat Satellite Networks. Recent trading has been choppy for Gilat Satellite Networks, with the share price falling 2.87% in the last session and down 18.83% over 90 days. However, the 1 year total shareholder return of 103.24% and...
ONDS
US$8.89
Ondas
7D
-6.5%
1Y
521.7%
MSI
US$392.23
Motorola Solutions
7D
-4.7%
1Y
-4.5%
VIAV
US$52.94
Viavi Solutions
7D
-2.1%
1Y
450.3%
LITE
US$893.93
Lumentum Holdings
7D
2.1%
1Y
873.7%
Analysis Article • Jun 18

Lumentum Holdings (LITE) Stock Could Be 82.9% Undervalued If Turnaround Hopes Hold

Lumentum Holdings (LITE) has recently drawn investor attention after a period where the stock is up about 1.9% over the past week but down roughly 1.7% over the past month. See our latest analysis for Lumentum Holdings. Zooming out, Lumentum Holdings’ recent 7 day share price gain sits against a 90 day share price return of 12.67% and a very large 1 year total shareholder return. This suggests that momentum has been building over time as investors reassess its growth prospects and risk...
AAOI
US$161.85
Applied Optoelectronics
7D
-15.5%
1Y
617.1%
Analysis Article • Jun 17

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...
EXTR
US$31.85
Extreme Networks
7D
0.6%
1Y
85.2%
Narrative Update • Jun 17

EXTR: AI Networking Adoption And Execution Will Shape Measured Stock Risk Reward Profile

Analysts have raised their fair value estimate for Extreme Networks stock from $26.06 to $29.06, reflecting updated price targets tied to expectations for continued order momentum for the Extreme Platform ONE offering and projected market share gains compared with larger networking peers. Analyst Commentary Recent Street research on Extreme Networks highlights a cluster of higher price targets, with bullish analysts pointing to product traction for Extreme Platform ONE and potential market share shifts against larger networking competitors.
VISN
US$12.88
Vistance Networks
7D
0.9%
1Y
99.4%
Analysis Article • Jun 17

Vistance Networks (VISN) Stock Could Be 45.5% Undervalued After RUCKUS One HITEC Debut

Vistance Networks (VISN) drew investor attention after unveiling an upgraded RUCKUS One Hospitality Edition at HITEC 2026. The solution features AI-driven automation, hotel system integration, and Wi-Fi 7 hardware aimed at leaner hotel IT operations. See our latest analysis for Vistance Networks. For context, Vistance Networks shares trade at $12.61, with the 30 day share price return up 10.91% and the 1 year total shareholder return above 300%. In contrast, the 90 day share price return is...
VSAT
US$64.23
Viasat
7D
-2.5%
1Y
400.6%
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.
KVHI
US$9.68
KVH Industries
7D
9.5%
1Y
77.9%
UI
US$579.45
Ubiquiti
7D
0.8%
1Y
49.1%