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

U.S. Communications Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies78
  • 7D-5.2%
  • 3M12.2%
  • 1Y54.9%
  • YTD11.6%

Over the last 7 days, the Communications industry has dropped 5.2%, driven by Cisco Systems declining 4.8%. In the past year, the industry has gained 55%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026US$742.3bUS$109.2bUS$18.4b43.5x40.4x6.8x
Sat, 28 Feb 2026US$747.6bUS$109.0bUS$18.3b43.3x40.9x6.9x
Mon, 26 Jan 2026US$672.8bUS$106.1bUS$16.7b31.6x40.2x6.3x
Wed, 24 Dec 2025US$677.8bUS$106.1bUS$16.7b34x40.5x6.4x
Fri, 21 Nov 2025US$648.3bUS$105.9bUS$16.6b29.1x39.1x6.1x
Sun, 19 Oct 2025US$659.7bUS$103.3bUS$16.0b30.1x41.2x6.4x
Tue, 16 Sep 2025US$631.7bUS$103.3bUS$16.0b28.6x39.5x6.1x
Thu, 14 Aug 2025US$628.8bUS$101.8bUS$15.4b28.1x40.8x6.2x
Sat, 12 Jul 2025US$558.9bUS$100.5bUS$14.0b29.3x40x5.6x
Mon, 09 Jun 2025US$542.6bUS$105.7bUS$14.4b27x37.8x5.1x
Wed, 07 May 2025US$497.8bUS$103.3bUS$13.1b21.8x37.9x4.8x
Fri, 04 Apr 2025US$499.2bUS$102.8bUS$12.4b24.3x40.1x4.9x
Sun, 02 Mar 2025US$531.1bUS$103.1bUS$12.3b27.8x43.1x5.1x
Tue, 28 Jan 2025US$575.7bUS$102.4bUS$11.9b25.1x48.2x5.6x
Thu, 26 Dec 2024US$550.3bUS$102.5bUS$12.1b25.4x45.6x5.4x
Sat, 23 Nov 2024US$522.1bUS$102.5bUS$12.1b23.6x43.1x5.1x
Mon, 21 Oct 2024US$506.7bUS$103.0bUS$12.0b28.4x42.2x4.9x
Wed, 18 Sep 2024US$458.7bUS$103.0bUS$12.0b24.7x38.2x4.5x
Fri, 16 Aug 2024US$415.1bUS$101.2bUS$11.7b24x35.6x4.1x
Sun, 14 Jul 2024US$355.8bUS$92.6bUS$12.6b26.5x28.2x3.8x
Tue, 11 Jun 2024US$326.3bUS$92.7bUS$12.6b27.3x25.9x3.5x
Thu, 09 May 2024US$325.6bUS$94.5bUS$14.2b27x23x3.4x
Sat, 06 Apr 2024US$394.6bUS$104.8bUS$16.3b34.3x24.3x3.8x
Mon, 04 Mar 2024US$397.0bUS$104.8bUS$16.4b32.6x24.3x3.8x
Wed, 31 Jan 2024US$352.0bUS$96.0bUS$15.1b23.8x23.4x3.7x
Fri, 29 Dec 2023US$331.3bUS$96.1bUS$15.1b24.9x21.9x3.4x
Sun, 26 Nov 2023US$312.6bUS$96.2bUS$14.9b23.8x21x3.2x
Tue, 24 Oct 2023US$314.1bUS$94.7bUS$14.6b20.5x21.5x3.3x
Thu, 21 Sep 2023US$333.1bUS$94.7bUS$14.6b24.1x22.8x3.5x
Sat, 19 Aug 2023US$331.1bUS$94.5bUS$14.6b25.6x22.6x3.5x
Mon, 17 Jul 2023US$311.3bUS$91.4bUS$13.5b23.8x23x3.4x
Wed, 14 Jun 2023US$316.5bUS$91.4bUS$13.5b20.2x23.4x3.5x
Fri, 12 May 2023US$282.2bUS$89.8bUS$13.5b23.6x21x3.1x
Sun, 09 Apr 2023US$315.1bUS$89.0bUS$13.2b26x23.9x3.5x
Price to Earnings Ratio

23.9x


Total Market Cap: US$315.1bTotal Earnings: US$13.2bTotal Revenue: US$89.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 32.9x202420252026
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 40.4x which is higher than its 3-year average PE of 32.9x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 6.8x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 7.1% 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-0.32%
Tech-1.22%
Communications-5.16%
Communications Equipment-5.16%
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
NTGR NETGEARUS$22.952.5%
+US$15.7m		-7.8%PS0.9x
ADTN ADTRAN HoldingsUS$12.730.7%
+US$7.8m		46.8%PS0.9x
KVHI KVH IndustriesUS$9.011.0%
+US$1.8m		73.9%PS1.6x
NTCT NetScout SystemsUS$32.310.03%
+US$722.2k		49.8%PE24.3x
FKWL Franklin WirelessUS$3.761.6%
+US$707.1k		-35.3%PE236.9x

Latest News

CIEN
US$415.39
Ciena
7D
-5.1%
1Y
538.8%

CIEN: AI Data Center Buildout Will Support Optical Networking Upside

Narrative Update on Ciena The analyst price target for Ciena has been lifted from $305 to $470 as analysts factor in expectations for higher revenue, stronger profit margins, and a richer future P/E multiple supported by recent research highlighting AI infrastructure demand, robust optical orders, and improved margin performance. Analyst Commentary Recent research coverage on Ciena has leaned positive, with a series of price target revisions, rating upgrades, and fresh initiations that highlight how analysts are framing the company around AI infrastructure, data center connectivity, and execution in its core optical business.
ADTN
US$12.73
ADTRAN Holdings
7D
0.7%
1Y
46.8%

ADTN: Margin Confidence And Strong Q4 Set Stage For Balanced Recovery

Analysts have lifted the price target on ADTRAN Holdings to $14, citing a stronger recent earnings report, improved confidence in operating margins, and a balance sheet they view as less concerning. Analyst Commentary Recent research updates cluster around a similar conclusion: the latest Q4 report has given bullish analysts enough confidence to lift their price targets on ADTRAN Holdings to $14 and keep positive ratings in place.
ANET
US$124.85
Arista Networks
7D
-7.5%
1Y
55.8%
LITE
US$764.65
Lumentum Holdings
7D
-1.6%
1Y
1,044.3%
ONDS
US$8.81
Ondas
7D
-14.5%
1Y
693.7%

ONDS: Epic Fury Counter Drone Demand Will Drive Capital Deployment Success

Narrative Update on Ondas The analyst price target for Ondas has moved from $18.38 to $19.13 as analysts factor in higher modeled revenue growth, slightly stronger profit margins, and a lower future P/E multiple, while highlighting Ondas as a direct beneficiary of rising demand for low-cost, scalable counter-drone solutions. Analyst Commentary Recent research coverage around Ondas is split between enthusiasm for its positioning in counter drone markets and caution about execution and capital use, especially around the latest capital raise and upcoming earnings calls.
CSCO
US$77.93
Cisco Systems
7D
-4.8%
1Y
26.1%
NTGR
US$22.95
NETGEAR
7D
2.5%
1Y
-7.8%

NTGR: Repriced P/E Framework Will Highlight Execution On Margins And Cash Flows

The analyst price target for NETGEAR has been reduced by $4, as analysts recalibrate their models to reflect updated discount rate, revenue growth, profit margin, and forward P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts view the updated price target cut of $4 as a recalibration to refreshed discount rate and P/E inputs rather than a shift in the core long term thesis on NETGEAR.
MSI
US$434.13
Motorola Solutions
7D
-3.7%
1Y
-0.7%
NTCT
US$32.31
NetScout Systems
7D
0.03%
1Y
49.8%

NTCT: Stable Assumptions Will Limit Upside Despite Ongoing Product Expansion

Analysts have kept their $27.27 price target for NetScout Systems unchanged, citing relatively stable assumptions for the discount rate, revenue growth, profit margin, and future P/E as the basis for maintaining their view. What's in the News NetScout extended its Omnis AI Insights solution to communications service providers to help turn raw network data into AI ready inputs for customer experience, predictive maintenance, and network security use cases (Product related announcement).
AAOI
US$86.35
Applied Optoelectronics
7D
-24.5%
1Y
441.0%

AAOI: Heavy Reliance On One Hyperscale Order Will Limit Future Upside

Analysts lifted their price target on Applied Optoelectronics from $15 to $54, reflecting updated views that stronger 400G and 800G demand, large 1.6T transceiver orders, and higher projected revenue growth and profit margins could justify a higher fair value and future P/E multiple. Analyst Commentary Recent research on Applied Optoelectronics highlights both strong interest in high speed optical products and a wide range of opinions on what that might mean for the stock.
KVHI
US$9.01
KVH Industries
7D
1.0%
1Y
73.9%
FKWL
US$3.76
Franklin Wireless
7D
1.6%
1Y
-35.3%
UI
US$822.99
Ubiquiti
7D
-1.9%
1Y
153.3%
PCLA
US$2.42
PicoCELA
7D
17.5%
1Y
-88.8%