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U.S. Communications Industry Analysis

UpdatedSep 21, 2025
DataAggregated Company Financials
Companies76
  • 7D3.6%
  • 3M23.7%
  • 1Y43.3%
  • YTD24.8%

In the last week, the Communications industry is up 3.6%, with Arista Networks up 7.3%. This means that the industry has gained 43% over the past year. 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
Mon, 22 Sep 2025US$654.3bUS$103.3bUS$16.0b30.5x40.9x6.3x
Wed, 20 Aug 2025US$604.3bUS$102.8bUS$16.1b25.3x37.6x5.9x
Fri, 18 Jul 2025US$555.2bUS$100.5bUS$14.0b28.6x39.7x5.5x
Sun, 15 Jun 2025US$524.7bUS$105.7bUS$14.3b26.5x36.6x5x
Tue, 13 May 2025US$500.2bUS$104.0bUS$13.9b23.3x36x4.8x
Thu, 10 Apr 2025US$433.7bUS$102.8bUS$12.4b25.2x34.9x4.2x
Sat, 08 Mar 2025US$508.3bUS$103.1bUS$12.4b26.7x41.1x4.9x
Mon, 03 Feb 2025US$558.5bUS$102.5bUS$12.2b25.2x45.9x5.5x
Wed, 01 Jan 2025US$540.0bUS$102.5bUS$12.1b24.5x44.7x5.3x
Fri, 29 Nov 2024US$530.7bUS$102.5bUS$12.1b24.5x43.8x5.2x
Sun, 27 Oct 2024US$497.3bUS$103.0bUS$12.0b27.3x41.5x4.8x
Tue, 24 Sep 2024US$472.5bUS$103.0bUS$12.0b25.3x39.4x4.6x
Thu, 22 Aug 2024US$440.1bUS$101.1bUS$11.6b26.2x37.9x4.4x
Sat, 20 Jul 2024US$349.5bUS$92.6bUS$12.6b26.7x27.7x3.8x
Mon, 17 Jun 2024US$335.2bUS$92.7bUS$12.6b27.1x26.6x3.6x
Wed, 15 May 2024US$342.7bUS$94.4bUS$14.1b27.9x24.3x3.6x
Fri, 12 Apr 2024US$398.1bUS$104.8bUS$16.3b34x24.5x3.8x
Sun, 10 Mar 2024US$395.6bUS$104.8bUS$16.3b31.1x24.2x3.8x
Tue, 06 Feb 2024US$342.7bUS$95.3bUS$14.9b25.2x22.9x3.6x
Thu, 04 Jan 2024US$328.0bUS$96.1bUS$15.1b23.9x21.7x3.4x
Sat, 02 Dec 2023US$313.5bUS$96.2bUS$14.9b24.9x21.1x3.3x
Mon, 30 Oct 2023US$307.7bUS$94.7bUS$14.6b23.3x21.1x3.2x
Wed, 27 Sep 2023US$318.2bUS$94.7bUS$14.6b23.4x21.7x3.4x
Fri, 25 Aug 2023US$332.3bUS$94.5bUS$14.6b29.1x22.7x3.5x
Sun, 23 Jul 2023US$322.9bUS$91.5bUS$13.5b26.8x23.9x3.5x
Tue, 20 Jun 2023US$319.0bUS$91.4bUS$13.5b20.8x23.6x3.5x
Thu, 18 May 2023US$287.9bUS$89.8bUS$13.4b24.6x21.4x3.2x
Sat, 15 Apr 2023US$312.4bUS$89.0bUS$13.2b27x23.7x3.5x
Mon, 13 Mar 2023US$298.5bUS$89.0bUS$13.2b27.7x22.7x3.4x
Wed, 08 Feb 2023US$294.2bUS$87.1bUS$13.0b32.1x22.6x3.4x
Fri, 06 Jan 2023US$283.3bUS$86.7bUS$13.0b27.5x21.7x3.3x
Sun, 04 Dec 2022US$306.0bUS$86.8bUS$13.1b30.4x23.4x3.5x
Tue, 01 Nov 2022US$285.1bUS$85.2bUS$13.4b26.8x21.3x3.3x
Thu, 29 Sep 2022US$260.6bUS$84.9bUS$13.5b23.3x19.3x3.1x
Price to Earnings Ratio

19.3x


Total Market Cap: US$260.6bTotal Earnings: US$13.5bTotal Revenue: US$84.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 29.6x202320242025
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 40.9x which is higher than its 3-year average PE of 29.6x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 5.9% 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 Market1.49%
Tech2.51%
Communications3.60%
Communications Equipment3.60%
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$149.617.3%
+US$12.8b		55.7%PE57.8x
CSCO Cisco SystemsUS$68.212.5%
+US$6.6b		31.2%PE26.5x
UI UbiquitiUS$635.655.1%
+US$1.9b		192.5%PE54x
CIEN CienaUS$138.375.4%
+US$1.0b		135.6%PE138.5x
FFIV F5US$328.692.2%
+US$403.3m		49.9%PE28.3x

Latest News

ANET
US$149.61
Arista Networks
7D
7.3%
1Y
55.7%
CSCO
US$68.21
Cisco Systems
7D
2.5%
1Y
31.2%
AUDC
US$10.14
AudioCodes
7D
-0.6%
1Y
14.1%
GILT
US$11.63
Gilat Satellite Networks
7D
7.5%
1Y
144.8%
VSAT
US$29.61
Viasat
7D
-3.1%
1Y
131.9%
AAOI
US$28.99
Applied Optoelectronics
7D
7.1%
1Y
109.6%

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stocks Shoot Up 32% But Its P/S Still Looks Reasonable

Sep 16
Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stocks Shoot Up 32% But Its P/S Still Looks Reasonable
CMTL
US$2.25
Comtech Telecommunications
7D
-4.3%
1Y
-40.6%
MSI
US$476.21
Motorola Solutions
7D
-1.1%
1Y
7.6%
OCC
US$9.00
Optical Cable
7D
-8.1%
1Y
239.6%
FFIV
US$328.69
F5
7D
2.2%
1Y
49.9%
CIEN
US$138.37
Ciena
7D
5.4%
1Y
135.6%

Cloud And AI Optical Networks Will Unlock New Opportunities

Analysts raised their price target on Ciena to $123.97 following exceptional Q3 results, upward revisions to long-term revenue guidance driven by robust AI/cloud demand, and improved backlog visibility, though some caution remains on valuation after the stock's major rally. Analyst Commentary Bullish analysts cite Ciena's Q3 results exceeding expectations on both revenue and earnings, with a "strong beat and raise" quarter and the highest order quarter in company history.
ADTN
US$9.50
ADTRAN Holdings
7D
-6.0%
1Y
65.5%
LITE
US$168.73
Lumentum Holdings
7D
3.5%
1Y
175.0%

Advanced Optical Demand Will Drive Cloud And AI Markets

Upward revisions to Lumentum’s price target reflect strong Q4 results, robust datacom and AI-driven demand, and greater business resilience beyond Cloud, though some caution that recent gains may already be reflected in valuations; consensus fair value has nudged up from $138.26 to $139.84. Analyst Commentary Bullish analysts cite Lumentum’s very strong Q4 results and above-consensus Q1 guidance, powered by robust demand for datacom components and record EML shipments, fueled further by AI infrastructure investments.
UI
US$635.65
Ubiquiti
7D
5.1%
1Y
192.5%

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
KVHI
US$5.61
KVH Industries
7D
-8.2%
1Y
20.9%

KVH Industries Is Growing For The First Time In Two Years, But Remains Unprofitable

Aug 21
SILC
US$16.92
Silicom
7D
-7.5%
1Y
30.2%