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U.S. Communications Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies75
  • 7D0.1%
  • 3M9.0%
  • 1Y30.4%
  • YTD24.6%

Over the last 7 days, the Communications industry has dropped 1.5%, driven by a pullback from Ubiquiti of 25%. Over the past 12 months, the industry was up 28%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Nov 2025US$641.5bUS$104.8bUS$16.3b29.4x39.2x6.1x
Sun, 12 Oct 2025US$659.3bUS$103.3bUS$16.0b29.7x41.2x6.4x
Tue, 09 Sep 2025US$630.5bUS$103.3bUS$16.0b26.9x39.4x6.1x
Thu, 07 Aug 2025US$575.7bUS$101.3bUS$14.4b25.6x40.1x5.7x
Sat, 05 Jul 2025US$557.9bUS$100.5bUS$14.0b28.8x39.9x5.6x
Mon, 02 Jun 2025US$515.1bUS$105.5bUS$14.3b25.9x35.9x4.9x
Wed, 30 Apr 2025US$474.0bUS$102.9bUS$12.5b20.3x38x4.6x
Fri, 28 Mar 2025US$500.4bUS$102.8bUS$12.4b26.2x40.2x4.9x
Sun, 23 Feb 2025US$536.2bUS$104.5bUS$12.3b27.7x43.8x5.1x
Tue, 21 Jan 2025US$561.7bUS$102.4bUS$11.9b25.5x47x5.5x
Thu, 19 Dec 2024US$540.8bUS$102.5bUS$12.1b23.6x44.8x5.3x
Sat, 16 Nov 2024US$518.0bUS$102.4bUS$12.1b24.4x42.7x5.1x
Mon, 14 Oct 2024US$499.5bUS$103.0bUS$12.0b27.4x41.7x4.9x
Wed, 11 Sep 2024US$434.7bUS$103.0bUS$12.0b23.8x36.2x4.2x
Fri, 09 Aug 2024US$399.6bUS$103.0bUS$13.7b24.9x29.1x3.9x
Sun, 07 Jul 2024US$352.4bUS$92.6bUS$12.6b25.2x27.9x3.8x
Tue, 04 Jun 2024US$330.0bUS$92.9bUS$12.7b26.9x26x3.6x
Thu, 02 May 2024US$374.7bUS$104.4bUS$16.1b32.8x23.3x3.6x
Sat, 30 Mar 2024US$404.7bUS$104.8bUS$16.3b31.8x24.9x3.9x
Mon, 26 Feb 2024US$389.8bUS$105.0bUS$16.5b31.5x23.6x3.7x
Wed, 24 Jan 2024US$347.9bUS$96.1bUS$15.1b26.1x23x3.6x
Fri, 22 Dec 2023US$325.8bUS$96.1bUS$15.1b24.9x21.6x3.4x
Sun, 19 Nov 2023US$307.7bUS$96.2bUS$14.9b23.1x20.7x3.2x
Tue, 17 Oct 2023US$328.2bUS$94.7bUS$14.6b20.6x22.4x3.5x
Thu, 14 Sep 2023US$338.4bUS$94.7bUS$14.6b27.3x23.1x3.6x
Sat, 12 Aug 2023US$326.4bUS$92.4bUS$13.6b26.4x24.1x3.5x
Mon, 10 Jul 2023US$313.6bUS$91.4bUS$13.5b23.5x23.2x3.4x
Wed, 07 Jun 2023US$307.8bUS$91.4bUS$13.5b22x22.8x3.4x
Fri, 05 May 2023US$278.3bUS$89.9bUS$13.5b22x20.7x3.1x
Sun, 02 Apr 2023US$322.9bUS$89.0bUS$13.1b26.7x24.6x3.6x
Tue, 28 Feb 2023US$297.3bUS$88.8bUS$13.1b28.1x22.7x3.3x
Thu, 26 Jan 2023US$292.6bUS$86.7bUS$13.0b27.2x22.5x3.4x
Sat, 24 Dec 2022US$288.8bUS$86.7bUS$13.0b27.9x22.1x3.3x
Mon, 21 Nov 2022US$296.9bUS$86.8bUS$13.1b30.4x22.7x3.4x
Price to Earnings Ratio

22.7x


Total Market Cap: US$296.9bTotal Earnings: US$13.1bTotal Revenue: US$86.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 30.6x202320242025
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 39.2x which is higher than its 3-year average PE of 30.6x.
  • The 3-year average PS ratio of 4.2x 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 7.6% per year over the last three years.
  • Revenues for these companies have grown 6.5% 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-0.23%
Tech-1.42%
Communications0.14%
Communications Equipment0.14%
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
CSCO Cisco SystemsUS$77.388.9%
+US$25.0b		33.6%PE29.5x
ONDS Ondas HoldingsUS$6.5625.0%
+US$457.4m		786.7%PS142x
DGII Digi InternationalUS$38.538.4%
+US$110.6m		21.6%PE35.1x
VSAT ViasatUS$35.780.8%
+US$74.8m		362.9%PS1.1x
EXTR Extreme NetworksUS$17.650.8%
+US$18.7m		9.6%PE272.9x

Latest News

CALX
US$60.30
Calix
7D
-5.8%
1Y
105.7%
CSCO
US$77.38
Cisco Systems
7D
8.9%
1Y
33.6%
DGII
US$38.53
Digi International
7D
8.4%
1Y
21.6%
CIEN
US$194.21
Ciena
7D
-3.6%
1Y
178.4%
ANET
US$130.30
Arista Networks
7D
-3.2%
1Y
39.2%

ANET: AI Networking Momentum Will Drive Long-Term Revenue Strength

Arista Networks’ fair value estimate has increased modestly from $159.80 to $163.87, as analysts cite ongoing momentum in AI networking and manageable adjustments to revenue growth and profit margin expectations. Analyst Commentary Recent analyst research presents a mixed outlook for Arista Networks, reflecting optimism about its AI-driven growth potential as well as concerns about valuation and future profit margins.
LITE
US$226.86
Lumentum Holdings
7D
-5.5%
1Y
178.5%

Lumentum Holdings (NASDAQ:LITE) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Nov 12
Lumentum Holdings (NASDAQ:LITE) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
AUDC
US$9.38
AudioCodes
7D
1.6%
1Y
12.3%
UI
US$557.65
Ubiquiti
7D
-26.6%
1Y
62.5%
VSAT
US$35.78
Viasat
7D
0.8%
1Y
362.9%
FFIV
US$238.87
F5
7D
-3.7%
1Y
-1.3%

FFIV: Share Price Will Recover Once Security Concerns Are Resolved

The average analyst price target for F5 was revised downward by $41.50 to $291.50, as analysts pointed to reduced growth expectations and heightened uncertainty following the recent security breach. Analyst Commentary Following recent earnings and the announcement of a security breach, analysts have updated their outlook and price targets for F5.
AAOI
US$20.91
Applied Optoelectronics
7D
-28.1%
1Y
-25.7%
EXTR
US$17.65
Extreme Networks
7D
0.8%
1Y
9.6%

Increases to CEO Compensation Might Be Put On Hold For Now at Extreme Networks, Inc. (NASDAQ:EXTR)

Nov 06
Increases to CEO Compensation Might Be Put On Hold For Now at Extreme Networks, Inc. (NASDAQ:EXTR)
CMTL
US$3.22
Comtech Telecommunications
7D
6.3%
1Y
18.8%
ONDS
US$6.56
Ondas Holdings
7D
25.0%
1Y
786.7%

ONDS: Unmanned Systems Expansion Will Drive Aerospace And Defense Market Upside

Ondas Holdings recently saw its analyst price target increase from $5 to $8 per share, as analysts cite sustained momentum in autonomous systems and optimism around expanding opportunities in the aerospace and defense sectors. Analyst Commentary Recent analyst reports reflect strong enthusiasm about Ondas Holdings' prospects but also acknowledge potential risks and factors to consider in assessing its valuation and growth outlook.
COMM
US$16.73
CommScope Holding Company
7D
0.5%
1Y
303.1%

News Flash: Analysts Just Made A Captivating Upgrade To Their CommScope Holding Company, Inc. (NASDAQ:COMM) Forecasts

Nov 05
News Flash: Analysts Just Made A Captivating Upgrade To Their CommScope Holding Company, Inc. (NASDAQ:COMM) Forecasts
MSI
US$383.38
Motorola Solutions
7D
-1.9%
1Y
-21.6%

MSI: Recurring Revenue And Government Contracts Will Drive Performance Amid Uncertainty

The consensus analyst price target for Motorola Solutions has decreased slightly, dropping from approximately $504 to $498. Analysts cite resilient fundamentals but flag near-term uncertainties such as deal timing and caution around elevated valuation levels.