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U.S. Communications Industry Analysis

UpdatedAug 22, 2025
DataAggregated Company Financials
Companies78
  • 7D-2.7%
  • 3M16.6%
  • 1Y37.7%
  • YTD13.4%

Over the last 7 days, the Communications industry has dropped 2.7%, driven by Cisco Systems declining 3.3%. In the past year, the industry has gained 38%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 Aug 2025US$594.3bUS$102.8bUS$16.1b25.4x37x5.8x
Sun, 20 Jul 2025US$566.4bUS$100.5bUS$14.0b28.5x40.5x5.6x
Tue, 17 Jun 2025US$524.8bUS$105.7bUS$14.3b26.8x36.6x5x
Thu, 15 May 2025US$528.8bUS$104.0bUS$13.9b23.2x38.1x5.1x
Sat, 12 Apr 2025US$461.2bUS$102.8bUS$12.4b24.8x37.1x4.5x
Mon, 10 Mar 2025US$509.6bUS$103.1bUS$12.4b26.7x41.2x4.9x
Wed, 05 Feb 2025US$555.2bUS$102.5bUS$12.2b26x45.6x5.4x
Fri, 03 Jan 2025US$538.5bUS$102.5bUS$12.1b24.4x44.6x5.3x
Sun, 01 Dec 2024US$531.7bUS$102.5bUS$12.1b24.4x43.9x5.2x
Tue, 29 Oct 2024US$497.3bUS$103.0bUS$12.0b27.5x41.5x4.8x
Thu, 26 Sep 2024US$477.1bUS$103.0bUS$12.0b26.2x39.8x4.6x
Sat, 24 Aug 2024US$438.5bUS$101.1bUS$11.6b27x37.7x4.3x
Mon, 22 Jul 2024US$345.5bUS$92.6bUS$12.6b26.7x27.4x3.7x
Wed, 19 Jun 2024US$339.3bUS$92.7bUS$12.7b27x26.8x3.7x
Fri, 17 May 2024US$347.6bUS$92.4bUS$12.7b27.3x27.3x3.8x
Sun, 14 Apr 2024US$402.4bUS$104.8bUS$16.3b33.5x24.7x3.8x
Tue, 12 Mar 2024US$397.9bUS$104.8bUS$16.3b30.9x24.4x3.8x
Thu, 08 Feb 2024US$339.8bUS$95.8bUS$14.9b29.8x22.9x3.5x
Sat, 06 Jan 2024US$326.5bUS$96.1bUS$15.1b25x21.6x3.4x
Mon, 04 Dec 2023US$313.3bUS$96.0bUS$14.9b24.9x21x3.3x
Wed, 01 Nov 2023US$318.4bUS$95.0bUS$14.7b25.2x21.6x3.4x
Fri, 29 Sep 2023US$326.0bUS$94.7bUS$14.6b24.7x22.3x3.4x
Sun, 27 Aug 2023US$334.6bUS$94.5bUS$14.6b29.4x22.9x3.5x
Tue, 25 Jul 2023US$324.8bUS$91.5bUS$13.5b26.8x24x3.5x
Thu, 22 Jun 2023US$310.3bUS$91.4bUS$13.5b23.7x23x3.4x
Sat, 20 May 2023US$297.6bUS$91.2bUS$13.5b25.1x22.1x3.3x
Mon, 17 Apr 2023US$312.5bUS$89.0bUS$13.2b27x23.7x3.5x
Wed, 15 Mar 2023US$299.7bUS$89.0bUS$13.2b26.6x22.8x3.4x
Fri, 10 Feb 2023US$290.7bUS$87.1bUS$13.0b31.1x22.4x3.3x
Sun, 08 Jan 2023US$291.9bUS$86.7bUS$13.0b28x22.4x3.4x
Tue, 06 Dec 2022US$302.7bUS$86.8bUS$13.1b29.8x23.1x3.5x
Thu, 03 Nov 2022US$281.0bUS$85.7bUS$13.5b25.9x20.8x3.3x
Sat, 01 Oct 2022US$252.9bUS$84.9bUS$13.5b22.9x18.8x3x
Mon, 29 Aug 2022US$289.8bUS$85.3bUS$13.7b23x21.2x3.4x
Price to Earnings Ratio

21.2x


Total Market Cap: US$289.8bTotal Earnings: US$13.7bTotal Revenue: US$85.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 29.1x202320242025
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 37.0x which is higher than its 3-year average PE of 29.1x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.8x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 5.5% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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-1.60%
Tech-3.57%
Communications-2.74%
Communications Equipment-2.74%
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
LITE Lumentum HoldingsUS$117.432.5%
+US$207.9m		111.2%PE316.9x
AAOI Applied OptoelectronicsUS$23.7012.8%
+US$167.7m		162.5%PS4x
MSI Motorola SolutionsUS$462.430.2%
+US$136.6m		8.9%PE36.4x
COMM CommScope Holding CompanyUS$15.392.1%
+US$70.9m		280.9%PE37.8x
GILT Gilat Satellite NetworksUS$9.517.5%
+US$37.7m		111.8%PE24.2x

Latest News

UI
US$390.57
Ubiquiti
7D
-6.4%
1Y
121.1%
VSAT
US$26.62
Viasat
7D
-2.7%
1Y
60.5%
ANET
US$132.03
Arista Networks
7D
-3.3%
1Y
50.0%
ITRN
US$36.69
Ituran Location and Control
7D
-11.0%
1Y
30.0%
FFIV
US$314.23
F5
7D
-1.3%
1Y
60.5%
EXTR
US$19.96
Extreme Networks
7D
1.1%
1Y
34.1%
RBBN
US$3.74
Ribbon Communications
7D
-5.3%
1Y
15.8%

Is Ribbon Communications (NASDAQ:RBBN) Using Too Much Debt?

Aug 20
Is Ribbon Communications (NASDAQ:RBBN) Using Too Much Debt?
CSCO
US$67.02
Cisco Systems
7D
-3.3%
1Y
33.5%
MSI
US$462.43
Motorola Solutions
7D
0.2%
1Y
8.9%
NTCT
US$22.74
NetScout Systems
7D
1.6%
1Y
11.1%

NetScout: Cybersecurity Momentum Underpins Confidence In The Stock

Aug 15
LITE
US$117.43
Lumentum Holdings
7D
2.5%
1Y
111.2%

Advanced Optical Demand Will Drive Cloud And AI Markets

Analysts remain optimistic on Lumentum Holdings due to strong Q4 results, robust guidance, and accelerating AI and cloud infrastructure demand, though some express valuation concerns after recent stock gains; consequently, the consensus price target remains unchanged at $135.59. Analyst Commentary Bullish analysts cite very strong Q4 results and robust guidance, driven by strength in datacom components (especially EMLs and transceivers) and record Cloud module growth, benefiting from accelerated AI infrastructure spending and heightened demand from hyperscalers.
CALX
US$57.13
Calix
7D
0.6%
1Y
57.1%
AAOI
US$23.70
Applied Optoelectronics
7D
12.8%
1Y
162.5%

US And Taiwan Manufacturing Will Fuel Optical Market Expansion

Despite a substantial improvement in net profit margin and a sharp decline in future P/E, the consensus analyst price target for Applied Optoelectronics has been revised downward from $31.33 to $29.50. What's in the News Provided Q3 2025 revenue guidance of $115 million to $127 million.
GILT
US$9.51
Gilat Satellite Networks
7D
7.5%
1Y
111.8%

Satellite Connectivity Will Broaden Expansion In Europe And Latin America

The significant upward revision in Gilat Satellite Networks' price target reflects improved consensus revenue growth forecasts and a higher expected future P/E multiple, raising fair value from $8.40 to $11.00. What's in the News Gilat raised 2025 revenue guidance to $435–$455 million, reflecting a higher midpoint growth rate of 46%.
COMM
US$15.39
CommScope Holding Company
7D
2.1%
1Y
280.9%
CIEN
US$87.36
Ciena
7D
-4.4%
1Y
60.9%