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

U.S. Communications Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies78
  • 7D8.5%
  • 3M33.8%
  • 1Y95.3%
  • YTD39.4%

Over the last 7 days, the Communications industry has risen 4.0%, driven by gains from Cisco Systems of 8.6%. Meanwhile, Ondas actually underperformed within the industry, shrinking 11% in the last week. This means that the industry has gained 95% over the past year. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026US$943.4bUS$111.5bUS$18.5b37.8x50.9x8.5x
Fri, 03 Apr 2026US$757.3bUS$109.2bUS$18.4b44.3x41.2x6.9x
Sun, 01 Mar 2026US$763.6bUS$109.0bUS$18.3b43.3x41.8x7x
Tue, 27 Jan 2026US$673.1bUS$106.1bUS$16.7b31.6x40.2x6.3x
Thu, 25 Dec 2025US$679.3bUS$106.1bUS$16.7b34.4x40.6x6.4x
Sat, 22 Nov 2025US$622.4bUS$105.9bUS$16.6b29.5x37.5x5.9x
Mon, 20 Oct 2025US$659.7bUS$103.3bUS$16.0b30.1x41.2x6.4x
Wed, 17 Sep 2025US$643.6bUS$103.3bUS$16.0b28.3x40.2x6.2x
Fri, 15 Aug 2025US$625.3bUS$102.8bUS$16.1b26.3x38.9x6.1x
Sun, 13 Jul 2025US$555.2bUS$100.5bUS$14.0b28.6x39.7x5.5x
Tue, 10 Jun 2025US$542.6bUS$105.7bUS$14.4b26.9x37.8x5.1x
Thu, 08 May 2025US$499.0bUS$103.8bUS$13.4b21.9x37.3x4.8x
Sat, 05 Apr 2025US$462.3bUS$102.8bUS$12.4b23.2x37.2x4.5x
Mon, 03 Mar 2025US$531.1bUS$103.1bUS$12.3b27.8x43.1x5.1x
Wed, 29 Jan 2025US$529.0bUS$102.4bUS$11.9b25.2x44.3x5.2x
Fri, 27 Dec 2024US$550.3bUS$102.5bUS$12.1b25.4x45.6x5.4x
Sun, 24 Nov 2024US$529.9bUS$102.5bUS$12.1b24.2x43.7x5.2x
Tue, 22 Oct 2024US$506.7bUS$103.0bUS$12.0b28.3x42.2x4.9x
Thu, 19 Sep 2024US$457.4bUS$103.0bUS$12.0b24x38.1x4.4x
Sat, 17 Aug 2024US$432.4bUS$101.3bUS$11.7b24.5x37x4.3x
Mon, 15 Jul 2024US$355.8bUS$92.6bUS$12.6b26.5x28.2x3.8x
Wed, 12 Jun 2024US$326.3bUS$92.7bUS$12.6b27.5x25.9x3.5x
Fri, 10 May 2024US$334.4bUS$94.5bUS$14.1b27.1x23.6x3.5x
Sun, 07 Apr 2024US$399.9bUS$104.8bUS$16.3b34.3x24.6x3.8x
Tue, 05 Mar 2024US$400.4bUS$104.8bUS$16.4b32.6x24.5x3.8x
Thu, 01 Feb 2024US$351.4bUS$95.9bUS$15.0b23.4x23.4x3.7x
Sat, 30 Dec 2023US$331.6bUS$96.1bUS$15.1b24.6x22x3.5x
Mon, 27 Nov 2023US$312.6bUS$96.2bUS$14.9b23.8x21x3.2x
Wed, 25 Oct 2023US$314.1bUS$94.7bUS$14.6b20.5x21.5x3.3x
Fri, 22 Sep 2023US$321.7bUS$94.7bUS$14.6b23.4x22x3.4x
Sun, 20 Aug 2023US$332.0bUS$94.5bUS$14.6b25.6x22.7x3.5x
Tue, 18 Jul 2023US$311.3bUS$91.4bUS$13.5b23.8x23x3.4x
Thu, 15 Jun 2023US$317.5bUS$91.4bUS$13.5b20.4x23.5x3.5x
Sat, 13 May 2023US$283.8bUS$89.8bUS$13.5b25.5x21.1x3.2x
Price to Earnings Ratio

21.1x


Total Market Cap: US$283.8bTotal Earnings: US$13.5bTotal Revenue: US$89.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 33.7x202420252026
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 50.7x which is higher than its 3-year average PE of 33.7x.
  • The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 7.5% 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 Market1.81%
Tech3.08%
Communications8.52%
Communications Equipment8.52%
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$94.308.6%
+US$29.4b		59.2%PE33.6x
LITE Lumentum HoldingsUS$994.5625.7%
+US$14.5b		1,443.9%PE282.2x
CIEN CienaUS$544.7515.0%
+US$10.0b		649.7%PE336.3x
ANET Arista NetworksUS$170.223.0%
+US$6.2b		87.5%PE61x
AAOI Applied OptoelectronicsUS$180.5731.6%
+US$3.5b		1,195.3%PS31.7x

Latest News

AVNW
US$15.09
Aviat Networks
7D
-29.5%
1Y
-23.3%
ADTN
US$15.30
ADTRAN Holdings
7D
-5.3%
1Y
97.4%
AUDC
US$8.51
AudioCodes
7D
-2.7%
1Y
4.4%
LITE
US$994.56
Lumentum Holdings
7D
25.7%
1Y
1,443.9%
VIAV
US$53.97
Viavi Solutions
7D
25.0%
1Y
500.3%
ONDS
US$9.33
Ondas
7D
-11.0%
1Y
1,131.5%
KVHI
US$9.43
KVH Industries
7D
-1.9%
1Y
88.6%
AAOI
US$180.57
Applied Optoelectronics
7D
31.6%
1Y
1,195.3%
CSCO
US$94.30
Cisco Systems
7D
8.6%
1Y
59.2%
ANET
US$170.22
Arista Networks
7D
3.0%
1Y
87.5%

ANET: AI Data Center Demand And Hyperscaler Ties Support Premium Multiple

Arista Networks' updated analyst price target framework edges higher to reflect slightly stronger modeled revenue growth and a richer assumed future P/E multiple, with analysts citing sustained enthusiasm around AI data center demand, hyperscaler relationships, and recent bullish initiations and target increases across major firms. Analyst Commentary Recent Street research around Arista Networks clusters around AI data center exposure, hyperscaler demand and the company’s role in Ethernet based switching for large scale training and inference clusters.
FFIV
US$339.90
F5
7D
11.9%
1Y
28.4%
CIEN
US$544.75
Ciena
7D
15.0%
1Y
649.7%

Ciena Corp.: Buy As Backlog To Cash Is Rolling

May 01
PCLA
US$1.88
PicoCELA
7D
-4.6%
1Y
-87.9%
BOSC
US$4.61
B.O.S. Better Online Solutions
7D
-2.5%
1Y
22.3%
UI
US$1,014.90
Ubiquiti
7D
5.3%
1Y
194.5%
FIEE
US$6.88
FiEE
7D
-1.7%
1Y
525.5%