Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Communications Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies77
  • 7D2.3%
  • 3M2.8%
  • 1Y27.6%
  • YTD27.9%

Over the last 7 days, the Communications industry has dropped 5.0%, driven by F5 declining 2.2%. Meanwhile, Arista Networks actually outperformed within the industry, gaining 5.1% in the last week. In the past year, the industry has gained 26%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Dec 2025US$655.2bUS$106.1bUS$16.7b32x39.2x6.2x
Mon, 17 Nov 2025US$656.3bUS$105.9bUS$16.6b31.9x39.6x6.2x
Wed, 15 Oct 2025US$654.9bUS$103.3bUS$16.0b30.7x40.9x6.3x
Fri, 12 Sep 2025US$651.8bUS$103.3bUS$16.0b28.4x40.7x6.3x
Sun, 10 Aug 2025US$626.7bUS$101.6bUS$14.9b25x42x6.2x
Tue, 08 Jul 2025US$557.9bUS$100.5bUS$14.0b28.5x39.9x5.6x
Thu, 05 Jun 2025US$533.7bUS$105.5bUS$14.3b26.6x37.3x5.1x
Sat, 03 May 2025US$499.6bUS$103.3bUS$13.1b22.6x38x4.8x
Mon, 31 Mar 2025US$490.0bUS$102.8bUS$12.4b25.6x39.4x4.8x
Wed, 26 Feb 2025US$524.9bUS$104.5bUS$12.3b27.8x42.8x5x
Fri, 24 Jan 2025US$587.1bUS$102.4bUS$11.9b26.4x49.2x5.7x
Sun, 22 Dec 2024US$541.1bUS$102.5bUS$12.1b25.5x44.8x5.3x
Tue, 19 Nov 2024US$509.4bUS$102.4bUS$12.1b23.3x42x5x
Thu, 17 Oct 2024US$506.6bUS$103.0bUS$12.0b28.3x42.2x4.9x
Sat, 14 Sep 2024US$451.9bUS$103.0bUS$12.0b24.6x37.7x4.4x
Mon, 12 Aug 2024US$410.0bUS$102.9bUS$13.7b23.4x29.9x4x
Wed, 10 Jul 2024US$352.2bUS$92.6bUS$12.6b25.1x27.9x3.8x
Fri, 07 Jun 2024US$328.4bUS$92.9bUS$12.7b27.5x25.9x3.5x
Sun, 05 May 2024US$325.0bUS$94.4bUS$14.4b28.9x22.6x3.4x
Tue, 02 Apr 2024US$404.9bUS$104.8bUS$16.3b31.2x24.9x3.9x
Thu, 29 Feb 2024US$389.1bUS$104.8bUS$16.4b32.2x23.8x3.7x
Sat, 27 Jan 2024US$350.3bUS$96.0bUS$14.9b27.8x23.5x3.6x
Mon, 25 Dec 2023US$329.6bUS$96.1bUS$15.1b25.1x21.8x3.4x
Wed, 22 Nov 2023US$307.6bUS$96.2bUS$14.9b23.1x20.7x3.2x
Fri, 20 Oct 2023US$321.2bUS$94.7bUS$14.6b20.6x21.9x3.4x
Sun, 17 Sep 2023US$336.4bUS$94.7bUS$14.6b28.3x23x3.6x
Tue, 15 Aug 2023US$328.1bUS$92.4bUS$13.6b26.2x24.2x3.5x
Thu, 13 Jul 2023US$315.3bUS$91.4bUS$13.5b23.8x23.4x3.4x
Sat, 10 Jun 2023US$308.4bUS$91.4bUS$13.5b21.4x22.8x3.4x
Mon, 08 May 2023US$281.7bUS$89.9bUS$13.5b23.3x20.9x3.1x
Wed, 05 Apr 2023US$320.2bUS$89.0bUS$13.1b26.9x24.4x3.6x
Fri, 03 Mar 2023US$296.5bUS$88.8bUS$13.1b28.8x22.6x3.3x
Sun, 29 Jan 2023US$296.0bUS$86.9bUS$13.0b27.6x22.7x3.4x
Tue, 27 Dec 2022US$288.8bUS$86.7bUS$13.0b27.9x22.1x3.3x
Price to Earnings Ratio

22.1x


Total Market Cap: US$288.8bTotal Earnings: US$13.0bTotal Revenue: US$86.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 31.2x202320242025
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 38.6x which is higher than its 3-year average PE of 31.2x.
  • The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 6.1x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 8.6% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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-0.062%
Tech0.35%
Communications2.34%
Communications Equipment2.34%
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$131.125.1%
+US$8.0b		16.2%PE49.2x
LITE Lumentum HoldingsUS$371.4314.5%
+US$3.3b		336.6%PE234.1x
CSCO Cisco SystemsUS$78.420.8%
+US$2.4b		34.0%PE30x
CIEN CienaUS$230.345.4%
+US$1.7b		163.6%PE263.1x
MSI Motorola SolutionsUS$369.971.4%
+US$877.7m		-21.3%PE29.1x

Latest News

FFIV
US$256.91
F5
7D
-2.2%
1Y
1.8%
CSCO
US$78.42
Cisco Systems
7D
0.8%
1Y
34.0%

CSCO: AI Networking Cycle Will Drive Multi Year Upside Despite Security Weakness

Analysts have nudged their fair value estimate for Cisco Systems slightly higher to approximately $85 per share, up from about $84.80. They cite a solid multi year networking and AI driven growth cycle, better than expected operating margins, and rising Street price targets, despite ongoing security softness.
CIEN
US$230.34
Ciena
7D
5.4%
1Y
163.6%
ANET
US$131.12
Arista Networks
7D
5.1%
1Y
16.2%
DGII
US$43.86
Digi International
7D
-3.6%
1Y
42.7%
AAOI
US$31.32
Applied Optoelectronics
7D
-2.3%
1Y
-17.2%
LITE
US$371.43
Lumentum Holdings
7D
14.5%
1Y
336.6%
VSAT
US$33.81
Viasat
7D
-5.6%
1Y
284.6%
OCC
US$4.97
Optical Cable
7D
-45.3%
1Y
136.7%
HLIT
US$9.88
Harmonic
7D
-3.9%
1Y
-25.8%
GILT
US$11.81
Gilat Satellite Networks
7D
-6.9%
1Y
101.5%
MSI
US$369.97
Motorola Solutions
7D
1.4%
1Y
-21.3%

MSI: Recurring Revenue Mix Will Drive Upside Despite Recent Price Target Trims

Analysts have trimmed their price target on Motorola Solutions by approximately $5 to about $494 per share. The revision reflects slightly higher discount rate assumptions and modest pressure on long term margins, while analysts remain encouraged by resilient revenue growth, recurring revenue mix, and potential upside from deferred government deals in 2026.
CALX
US$54.69
Calix
7D
1.8%
1Y
54.7%

CALX: Third-Gen AI Platform Will Sustain Beating And Raising Performance

Analysts have lifted their price target on Calix to $85 from $65, citing the company's consistent beat and raise execution, broad based demand, and a strengthening competitive position supported by its next generation platform and agentic artificial intelligence capabilities. Analyst Commentary Bullish analysts highlight that consecutive beat and raise quarters have increased confidence in Calix's execution, supporting the higher price target and a premium multiple versus peers.
COMM
US$18.29
CommScope Holding Company
7D
-5.9%
1Y
227.8%

COMM: Rising Margins And Network Expansion Will Drive Stronger Earnings Potential

Analysts have raised their fair value estimate for CommScope Holding Company from 20.00 dollars to 25.00 dollars, citing expectations of significantly improved profit margins and a lower future price to earnings multiple, despite slightly reduced revenue growth assumptions. What's in the News Opened the CommScope Fiber Architecture Solutions Technology FAST Track facility in Catawba, North Carolina, a live FTTH network that serves as both a training center and innovation hub for service providers, now available for tours and hands on demonstrations (Key Developments).
ONDS
US$9.22
Ondas Holdings
7D
5.4%
1Y
527.2%

ONDS: Aerospace And Defense Expansion Will Drive Backlog And Earnings Upside

Analysts have modestly increased their price target for Ondas Holdings, lifting fair value from approximately $10.86 to $11.00 per share. They cited the accretive Roboteam acquisition, stronger than expected Q3 results, and a robust growth pipeline that supports higher long term revenue and earnings assumptions.
UI
US$564.62
Ubiquiti
7D
0.6%
1Y
64.4%