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U.S. Communications Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies75
  • 7D-6.0%
  • 3M2.7%
  • 1Y27.2%
  • YTD23.6%

Over the last 7 days, the Communications industry has dropped 6.0%, driven by a pullback from Arista Networks of 13%. On the other hand Lumentum Holdings is actually up 30%. Over the past 12 months, the industry was up 27%. 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
Tue, 11 Nov 2025US$641.5bUS$104.8bUS$16.3b29.4x39.2x6.1x
Thu, 09 Oct 2025US$654.7bUS$103.3bUS$16.0b30.6x40.9x6.3x
Sat, 06 Sep 2025US$631.9bUS$103.3bUS$16.0b26x39.5x6.1x
Mon, 04 Aug 2025US$570.9bUS$100.7bUS$14.1b26.9x40.5x5.7x
Wed, 02 Jul 2025US$560.0bUS$105.7bUS$14.3b29.1x39.1x5.3x
Fri, 30 May 2025US$526.7bUS$105.5bUS$14.3b25.7x36.8x5x
Sun, 27 Apr 2025US$472.4bUS$102.8bUS$12.4b24.6x38x4.6x
Tue, 25 Mar 2025US$494.4bUS$102.8bUS$12.4b26.4x39.7x4.8x
Thu, 20 Feb 2025US$557.3bUS$104.1bUS$12.1b28x46.2x5.4x
Sat, 18 Jan 2025US$557.2bUS$102.4bUS$11.9b25.5x46.6x5.4x
Mon, 16 Dec 2024US$542.9bUS$102.5bUS$12.1b25.2x45x5.3x
Wed, 13 Nov 2024US$526.4bUS$103.2bUS$13.0b25x40.4x5.1x
Fri, 11 Oct 2024US$493.2bUS$103.0bUS$12.0b27.1x41.1x4.8x
Sun, 08 Sep 2024US$429.4bUS$102.9bUS$12.0b24.5x35.8x4.2x
Tue, 06 Aug 2024US$409.0bUS$102.8bUS$13.8b26x29.7x4x
Thu, 04 Jul 2024US$353.8bUS$92.6bUS$12.6b25.8x28x3.8x
Sat, 01 Jun 2024US$329.9bUS$92.9bUS$12.7b27.3x26x3.6x
Mon, 29 Apr 2024US$383.1bUS$104.6bUS$16.2b31.7x23.7x3.7x
Wed, 27 Mar 2024US$407.2bUS$104.8bUS$16.3b31.4x25x3.9x
Fri, 23 Feb 2024US$383.0bUS$104.9bUS$16.5b30.3x23.2x3.6x
Sun, 21 Jan 2024US$341.0bUS$96.1bUS$15.1b25.6x22.6x3.5x
Tue, 19 Dec 2023US$327.1bUS$96.1bUS$15.1b24.6x21.7x3.4x
Thu, 16 Nov 2023US$330.2bUS$95.2bUS$13.9b23.8x23.8x3.5x
Sat, 14 Oct 2023US$323.2bUS$94.7bUS$14.6b21.6x22.1x3.4x
Mon, 11 Sep 2023US$343.4bUS$94.7bUS$14.6b29.9x23.5x3.6x
Wed, 09 Aug 2023US$325.4bUS$92.3bUS$13.6b24.2x24x3.5x
Fri, 07 Jul 2023US$313.6bUS$91.4bUS$13.5b23.5x23.2x3.4x
Sun, 04 Jun 2023US$311.5bUS$91.2bUS$13.5b23.3x23.1x3.4x
Tue, 02 May 2023US$294.6bUS$89.4bUS$13.3b25.4x22.1x3.3x
Thu, 30 Mar 2023US$315.1bUS$89.0bUS$13.1b26.8x24x3.5x
Sat, 25 Feb 2023US$295.5bUS$88.7bUS$13.0b28.1x22.7x3.3x
Mon, 23 Jan 2023US$285.5bUS$86.7bUS$13.0b26.4x21.9x3.3x
Wed, 21 Dec 2022US$289.3bUS$86.7bUS$13.1b28.1x22.1x3.3x
Fri, 18 Nov 2022US$289.2bUS$86.7bUS$13.1b29.9x22.1x3.3x
Price to Earnings Ratio

22.1x


Total Market Cap: US$289.2bTotal Earnings: US$13.1bTotal Revenue: US$86.7bTotal 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 7.7% 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 Market0.088%
Tech-1.06%
Communications-6.03%
Communications Equipment-6.03%
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$259.8930.2%
+US$4.3b		199.7%PE163.8x
CIEN CienaUS$208.7410.1%
+US$2.7b		189.7%PE209x
MSI Motorola SolutionsUS$394.000.6%
+US$416.4m		-20.7%PE31x
NTCT NetScout SystemsUS$29.278.7%
+US$177.9m		28.7%PE23.6x
COMM CommScope Holding CompanyUS$16.794.1%
+US$146.2m		253.8%PE12.7x

Latest News

AUDC
US$9.54
AudioCodes
7D
8.0%
1Y
12.1%

AudioCodes (NASDAQ:AUDC) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Nov 11
AudioCodes (NASDAQ:AUDC) Is Posting Promising Earnings But The Good News Doesn’t Stop There
LITE
US$259.89
Lumentum Holdings
7D
30.2%
1Y
199.7%
VIAV
US$18.16
Viavi Solutions
7D
3.5%
1Y
70.8%

VIAV: Recent Acquisitions And AI Expansion Will Drive Measured Upside And Integration Risk

Analysts have raised their average price target for Viavi Solutions from $14.57 to $18.43. They cite stronger revenue growth expectations, higher profit margins, and recent acquisitions that expand the company's market opportunities.
UI
US$589.43
Ubiquiti
7D
-23.9%
1Y
73.2%
VSAT
US$36.98
Viasat
7D
-3.7%
1Y
310.9%
FFIV
US$240.77
F5
7D
-3.3%
1Y
-0.8%

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.
NTCT
US$29.27
NetScout Systems
7D
8.7%
1Y
28.7%

NTCT: Future Performance Will Depend On Execution Amid AI Demand Trends

Analysts have increased their price target for NetScout Systems from $33 to $35, citing the company's positive momentum following its recent fiscal Q2 report and ongoing opportunities in growing technology markets. Analyst Commentary Analysts have recently weighed in on NetScout Systems, providing insight into both positive drivers and ongoing considerations regarding the company's outlook and valuation.
AAOI
US$25.42
Applied Optoelectronics
7D
-23.1%
1Y
-10.1%
BKTI
US$76.20
BK Technologies
7D
3.0%
1Y
172.3%

BKTI: Sustained Operational Momentum Will Drive Upside Through 2025 Guidance Updates

Analysts have raised their price target for BK Technologies to $97 from $83. They cite greater confidence in the company's sustained revenue and profit growth after recent strong performance and updated guidance.
CALX
US$64.12
Calix
7D
-4.6%
1Y
92.7%
CIEN
US$208.74
Ciena
7D
10.1%
1Y
189.7%

CIEN: Recent Share Price Rally Will Face Pressure From Overstretched Expectations

Ciena's analyst price targets have risen significantly in recent updates. This reflects growing optimism around the company's expanding data center exposure and healthy sector momentum.
ADTN
US$8.02
ADTRAN Holdings
7D
-23.1%
1Y
-1.8%

The ADTRAN Holdings, Inc. (NASDAQ:ADTN) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Nov 07
The ADTRAN Holdings, Inc. (NASDAQ:ADTN) Third-Quarter Results Are Out And Analysts Have Published New Forecasts
ANET
US$137.26
Arista Networks
7D
-12.9%
1Y
38.2%
COMM
US$16.79
CommScope Holding Company
7D
4.1%
1Y
253.8%

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
CSCO
US$72.09
Cisco Systems
7D
-3.2%
1Y
23.0%

CSCO: Enterprise Networking And AI Demand Will Support Steady Upside Amid Sector Risks

Cisco Systems' analyst price target has risen from approximately $76 to $77. Analysts point to improving growth prospects driven by strong artificial intelligence infrastructure demand, robust campus refresh momentum, and steady profitability improvements.
MSI
US$394.00
Motorola Solutions
7D
0.6%
1Y
-20.7%

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.