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U.S. Communications Industry Analysis

UpdatedOct 18, 2025
DataAggregated Company Financials
Companies73
  • 7D0.05%
  • 3M16.6%
  • 1Y34.7%
  • YTD25.9%

The Communications is pretty flat in the last 7 days, but Cisco Systems has stood out, gaining 3.2%. As for the the longer term, the industry is up 35% over the past 12 months. Looking forward, 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
Sat, 18 Oct 2025US$658.4bUS$103.3bUS$16.0b30.1x41.1x6.4x
Mon, 15 Sep 2025US$631.6bUS$103.3bUS$16.0b27.7x39.5x6.1x
Wed, 13 Aug 2025US$624.1bUS$101.6bUS$14.9b25.6x41.8x6.1x
Fri, 11 Jul 2025US$558.9bUS$100.5bUS$14.0b29.3x40x5.6x
Sun, 08 Jun 2025US$542.6bUS$105.7bUS$14.4b27x37.8x5.1x
Tue, 06 May 2025US$499.0bUS$103.3bUS$13.1b22.2x38x4.8x
Thu, 03 Apr 2025US$494.8bUS$102.8bUS$12.4b26.4x39.8x4.8x
Sat, 01 Mar 2025US$528.1bUS$104.6bUS$12.2b27.8x43.4x5.1x
Mon, 27 Jan 2025US$588.4bUS$102.4bUS$11.9b26.4x49.3x5.7x
Wed, 25 Dec 2024US$550.3bUS$102.4bUS$12.1b25.4x45.6x5.4x
Fri, 22 Nov 2024US$512.8bUS$102.5bUS$12.1b23.9x42.3x5x
Sun, 20 Oct 2024US$506.7bUS$103.0bUS$12.0b28.4x42.2x4.9x
Tue, 17 Sep 2024US$453.3bUS$103.0bUS$12.0b25x37.8x4.4x
Thu, 15 Aug 2024US$412.9bUS$102.9bUS$13.7b23.5x30.2x4x
Sat, 13 Jul 2024US$351.8bUS$92.6bUS$12.6b26.5x27.9x3.8x
Mon, 10 Jun 2024US$326.0bUS$92.7bUS$12.6b27.3x25.8x3.5x
Wed, 08 May 2024US$325.6bUS$94.3bUS$14.0b27.1x23.3x3.5x
Fri, 05 Apr 2024US$398.9bUS$104.8bUS$16.3b33.9x24.5x3.8x
Sun, 03 Mar 2024US$397.0bUS$104.8bUS$16.4b32.6x24.3x3.8x
Tue, 30 Jan 2024US$349.0bUS$96.0bUS$14.9b27.6x23.4x3.6x
Thu, 28 Dec 2023US$331.4bUS$96.1bUS$15.1b24.9x21.9x3.4x
Sat, 25 Nov 2023US$312.6bUS$96.2bUS$14.9b23.2x21x3.2x
Mon, 23 Oct 2023US$317.6bUS$94.7bUS$14.6b20.5x21.7x3.4x
Wed, 20 Sep 2023US$335.7bUS$94.7bUS$14.6b24.7x22.9x3.5x
Fri, 18 Aug 2023US$323.5bUS$94.5bUS$14.7b26.1x22x3.4x
Sun, 16 Jul 2023US$311.3bUS$91.4bUS$13.5b23.8x23x3.4x
Tue, 13 Jun 2023US$315.2bUS$91.4bUS$13.5b20.2x23.3x3.4x
Thu, 11 May 2023US$284.7bUS$89.8bUS$13.5b24x21.2x3.2x
Sat, 08 Apr 2023US$315.1bUS$89.0bUS$13.2b26x23.9x3.5x
Mon, 06 Mar 2023US$301.1bUS$88.8bUS$13.1b29.1x23x3.4x
Wed, 01 Feb 2023US$297.1bUS$86.9bUS$13.0b28.1x22.9x3.4x
Fri, 30 Dec 2022US$290.3bUS$86.7bUS$13.0b27.9x22.3x3.3x
Sun, 27 Nov 2022US$300.3bUS$86.8bUS$13.1b30.8x22.9x3.5x
Tue, 25 Oct 2022US$267.0bUS$84.9bUS$13.5b24.2x19.8x3.1x
Price to Earnings Ratio

19.8x


Total Market Cap: US$267.0bTotal Earnings: US$13.5bTotal Revenue: US$84.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 30.1x202320242025
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 41.1x which is higher than its 3-year average PE of 30.1x.
  • The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 6.0% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 Market1.71%
Tech2.01%
Communications0.053%
Communications Equipment0.053%
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$70.133.2%
+US$8.7b		23.6%PE27.2x
UI UbiquitiUS$748.5814.3%
+US$5.7b		197.7%PE63.6x
CIEN CienaUS$170.959.6%
+US$2.1b		161.7%PE171.2x
LITE Lumentum HoldingsUS$164.7710.1%
+US$1.1b		148.8%PE451.1x
VSAT ViasatUS$35.699.4%
+US$412.2m		221.0%PS1x

Latest News

MSI
US$445.00
Motorola Solutions
7D
-2.5%
1Y
-6.4%
AAOI
US$31.92
Applied Optoelectronics
7D
17.6%
1Y
71.9%
NTGR
US$32.42
NETGEAR
7D
-7.8%
1Y
50.7%

Expanding ProAV And Cloud Networking Will Raise Stakes Despite Risks

Narrative Update on NETGEAR Analysts have raised their price target for NETGEAR by approximately $2.67 to $34.67. This adjustment is attributed to stronger profit margins and enhanced growth opportunities across key business segments.
CIEN
US$170.95
Ciena
7D
9.6%
1Y
161.7%
VIAV
US$13.04
Viavi Solutions
7D
6.3%
1Y
39.6%
FFIV
US$300.90
F5
7D
-9.3%
1Y
38.4%
ANET
US$143.10
Arista Networks
7D
-7.1%
1Y
42.4%

Adoption Of AI And Open Ethernet Will Expand Future Markets

The analyst price target for Arista Networks has increased from approximately $156 to $160, as analysts cite ongoing strong demand, resilient long-term growth projections, and positive sentiment following recent updates in margin and revenue outlooks. Analyst Commentary Recent analyst updates have highlighted both optimism and caution regarding Arista Networks’ long-term prospects and valuation following new guidance and price target changes.
CHAI
US$4.30
Core AI Holdings
7D
-18.4%
1Y
n/a
LITE
US$164.77
Lumentum Holdings
7D
10.1%
1Y
148.8%
ONDS
US$7.61
Ondas Holdings
7D
-17.5%
1Y
731.1%
VSAT
US$35.69
Viasat
7D
9.4%
1Y
221.0%

Global Demand For Secure Connectivity Will Empower Hybrid Networks

Analysts have raised their price target for Viasat from approximately $24.29 to $26.14 per share. This reflects renewed optimism surrounding the company's valuable spectrum holdings, supported by recent market comparisons and performance updates.
CSCO
US$70.13
Cisco Systems
7D
3.2%
1Y
23.6%
CALX
US$59.42
Calix
7D
2.9%
1Y
51.9%
BKTI
US$65.58
BK Technologies
7D
-6.2%
1Y
134.3%

Government Modernization Will Transform Public Safety Communications

Analysts have raised their price target for BK Technologies to $83.00, citing strong management confidence, robust financial outperformance, upwardly revised guidance, and expectations of continued growth. Analyst Commentary Bullish analysts point to management's reiterated confidence in durable top and bottom line growth following recent engagement at a growth conference.
OCC
US$8.67
Optical Cable
7D
-12.6%
1Y
245.4%
UI
US$748.58
Ubiquiti
7D
14.3%
1Y
197.7%

Ubiquiti Inc. (NYSE:UI) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

Sep 05
Ubiquiti Inc. (NYSE:UI) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected