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

U.S. Communications Industry Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies79
  • 7D6.8%
  • 3M18.8%
  • 1Y79.5%
  • YTD47.1%

The Communications industry is up 6.8% in the last week, with Arista Networks up 15%. Meanwhile, Viasat actually underperformed within the industry, shrinking 15% in the last week. This takes the industry's 12 month performance to a gain of 79%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026US$976.4bUS$115.3bUS$20.6b33.3x47.4x8.5x
Sun, 07 Jun 2026US$998.2bUS$115.3bUS$20.6b32.6x48.5x8.7x
Tue, 05 May 2026US$940.4bUS$111.5bUS$18.5b42.1x50.7x8.4x
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
Price to Earnings Ratio

23x


Total Market Cap: US$311.3bTotal Earnings: US$13.5bTotal Revenue: US$91.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 35.2x202420252026
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 47.4x which is higher than its 3-year average PE of 35.2x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 8.5x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 8.0% 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 Market0.59%
Tech2.71%
Communications6.81%
Communications Equipment6.81%
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$184.6915.4%
+US$31.1b		73.8%PE62.5x
CSCO Cisco SystemsUS$118.315.0%
+US$22.2b		72.1%PE39x
CIEN CienaUS$462.349.4%
+US$5.6b		489.3%PE149.3x
LITE Lumentum HoldingsUS$785.777.9%
+US$4.5b		748.4%PE139.3x
FFIV F5US$430.325.4%
+US$1.3b		43.5%PE34.3x

Latest News

EXTR
US$32.87
Extreme Networks
7D
10.3%
1Y
85.9%
ANET
US$184.69
Arista Networks
7D
15.4%
1Y
73.8%
CSCO
US$118.31
Cisco Systems
7D
5.0%
1Y
72.1%
FFIV
US$430.32
F5
7D
5.4%
1Y
43.5%
Narrative Update • Jul 09

FFIV: AI Security And Hybrid Multicloud Demand Will Drive Future Upside

The analyst price target for F5 has moved from $464.25 to $490.00 as analysts factor in the company's updated mid term revenue and earnings guides tied to growing demand for application delivery, security, hybrid multicloud, and AI related workloads. Analyst Commentary Recent research on F5 highlights a cluster of higher price targets and a shift in tone as analysts respond to the company’s updated mid term guidance and comments around application delivery, security, and AI driven workloads.
UI
US$544.43
Ubiquiti
7D
3.6%
1Y
36.2%
Seeking Alpha • Jul 08

Ubiquiti: Even The Bull Case Struggles To Reach Today's Price

Summary Ubiquiti is rated Sell, as the current valuation exceeds the justified fair value based on forward growth and peer multiples. Enterprise Technology drives 91% of revenue, compounding above 20%, but consensus expects a deceleration to 12.9% growth in FY2027. Despite a debt-free balance sheet and 47% gross margins, UI's price ($525) sits above a defensible fair value range of $400–$490. Thin analyst coverage and single-segment growth concentration heighten valuation risk; upside depends on sustained Enterprise Tech acceleration or Service Provider stabilization. Read the full article on Seeking Alpha
ONDS
US$7.65
Ondas
7D
3.2%
1Y
280.6%
INSG
US$8.60
Inseego
7D
-3.0%
1Y
6.8%
LITE
US$785.77
Lumentum Holdings
7D
7.9%
1Y
748.4%
Narrative Update • Jul 07

LITE: AI Data Center Demand And CPO Timing Will Shape Returns

Analysts have raised their price target on Lumentum Holdings to $802.35 from $433.09, reflecting updated views that consider the potential for higher revenue and stronger profit margins, along with a lower assumed future P/E multiple. Analyst Commentary Recent Street research on Lumentum Holdings points to a split view, with some firms highlighting opportunities around optical demand and artificial intelligence infrastructure, while others flag risks tied to valuation, execution, and the timing of industry adoption cycles.
CIEN
US$462.34
Ciena
7D
9.4%
1Y
489.3%
ITRN
US$56.28
Ituran Location and Control
7D
-1.5%
1Y
40.5%
VSAT
US$70.39
Viasat
7D
-15.3%
1Y
357.1%
GILT
US$12.16
Gilat Satellite Networks
7D
-5.6%
1Y
61.5%
CLFD
US$33.77
Clearfield
7D
-0.6%
1Y
-20.6%
BKTI
US$83.71
BK Technologies
7D
-1.1%
1Y
95.5%
MSI
US$417.21
Motorola Solutions
7D
-1.3%
1Y
-0.1%
Narrative Update • Jun 26

MSI: Public Safety AI Suites Will Support Future Upside Beyond 2026

Analysts have raised their blended price target for Motorola Solutions to about $507 from roughly $488, reflecting updated views on fair value with only modest adjustments to revenue growth, margin and P/E assumptions. Analyst Commentary Recent Street research on Motorola Solutions reflects a mix of optimism on execution and caution on how much of that story is already reflected in the stock price.
CRNT
US$2.39
Ceragon Networks
7D
-1.2%
1Y
-4.8%