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U.S. Communications Industry Analysis

UpdatedMay 18, 2026
DataAggregated Company Financials
Companies77
  • 7D9.8%
  • 3M32.3%
  • 1Y87.2%
  • YTD44.0%

In the last week, the Communications industry is up 9.8%, with Cisco Systems up 20%. In the same time, Ubiquiti was down 16%. This takes the industry's 12 month performance to a gain of 87%. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 May 2026US$981.6bUS$114.8bUS$20.2b30.9x48.6x8.6x
Wed, 15 Apr 2026US$844.9bUS$109.2bUS$18.4b45.7x46x7.7x
Fri, 13 Mar 2026US$762.0bUS$109.3bUS$18.4b41.9x41.5x7x
Sun, 08 Feb 2026US$745.5bUS$106.8bUS$17.2b32.8x43.3x7x
Tue, 06 Jan 2026US$676.3bUS$106.1bUS$16.7b38.8x40.4x6.4x
Thu, 04 Dec 2025US$658.7bUS$105.8bUS$16.6b31.5x39.7x6.2x
Sat, 01 Nov 2025US$692.9bUS$103.8bUS$16.0b32x43.4x6.7x
Mon, 29 Sep 2025US$638.4bUS$103.3bUS$16.0b30.2x39.9x6.2x
Wed, 27 Aug 2025US$606.4bUS$103.1bUS$16.2b25.9x37.3x5.9x
Fri, 25 Jul 2025US$570.2bUS$100.6bUS$14.0b28.6x40.7x5.7x
Sun, 22 Jun 2025US$529.4bUS$105.7bUS$14.3b26.8x36.9x5x
Tue, 20 May 2025US$536.0bUS$105.5bUS$14.5b26x37x5.1x
Thu, 17 Apr 2025US$466.0bUS$102.8bUS$12.4b24.1x37.5x4.5x
Sat, 15 Mar 2025US$483.2bUS$103.1bUS$12.4b25.4x39.1x4.7x
Mon, 10 Feb 2025US$572.3bUS$102.7bUS$12.3b25.6x46.6x5.6x
Wed, 08 Jan 2025US$549.6bUS$102.4bUS$12.1b24.6x45.4x5.4x
Fri, 06 Dec 2024US$539.6bUS$102.5bUS$12.1b24.8x44.5x5.3x
Sun, 03 Nov 2024US$496.3bUS$102.8bUS$12.1b23.8x41.1x4.8x
Tue, 01 Oct 2024US$477.1bUS$103.0bUS$12.0b25.7x39.8x4.6x
Thu, 29 Aug 2024US$452.0bUS$103.1bUS$12.0b26.5x37.8x4.4x
Sat, 27 Jul 2024US$340.3bUS$92.3bUS$12.2b27.6x27.9x3.7x
Mon, 24 Jun 2024US$345.1bUS$92.7bUS$12.6b26.5x27.3x3.7x
Wed, 22 May 2024US$340.7bUS$92.4bUS$12.7b27.3x26.8x3.7x
Fri, 19 Apr 2024US$379.9bUS$104.8bUS$16.3b30.2x23.4x3.6x
Sun, 17 Mar 2024US$393.9bUS$104.8bUS$16.3b31.7x24.1x3.8x
Tue, 13 Feb 2024US$398.3bUS$105.5bUS$16.5b29.7x24.1x3.8x
Thu, 11 Jan 2024US$333.1bUS$96.1bUS$15.1b25.3x22x3.5x
Sat, 09 Dec 2023US$312.1bUS$96.1bUS$15.1b25.2x20.7x3.2x
Mon, 06 Nov 2023US$327.1bUS$94.9bUS$14.7b23.1x22.2x3.4x
Wed, 04 Oct 2023US$329.2bUS$94.7bUS$14.6b28.5x22.5x3.5x
Fri, 01 Sep 2023US$349.3bUS$94.7bUS$14.6b31.1x23.9x3.7x
Sun, 30 Jul 2023US$320.8bUS$91.6bUS$13.4b24.4x23.9x3.5x
Tue, 27 Jun 2023US$306.2bUS$91.4bUS$13.5b23.6x22.7x3.3x
Thu, 25 May 2023US$293.7bUS$91.2bUS$13.5b23.1x21.8x3.2x
Price to Earnings Ratio

21.8x


Total Market Cap: US$293.7bTotal Earnings: US$13.5bTotal Revenue: US$91.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 34x202420252026
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 48.6x which is higher than its 3-year average PE of 34.0x.
  • The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 8.6x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 14% 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 Market-0.26%
Tech0.82%
Communications9.75%
Communications Equipment9.75%
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$118.2119.7%
+US$77.0b		84.9%PE39x
ANET Arista NetworksUS$141.974.1%
+US$7.0b		46.8%PE48x
ONDS OndasUS$10.6212.7%
+US$617.8m		984.3%PE22x
AAOI Applied OptoelectronicsUS$190.363.0%
+US$438.1m		899.8%PS30.1x
FFIV F5US$362.581.2%
+US$241.5m		26.9%PE28.9x

Latest News

AAOI
US$190.36
Applied Optoelectronics
7D
3.0%
1Y
899.8%
CSCO
US$118.21
Cisco Systems
7D
19.7%
1Y
84.9%
New Narrative • May 17

AI Infrastructure And Security Expansion Will Define The Next Chapter

Catalysts About Cisco Systems Cisco Systems provides networking, security and related technology that underpins digital and AI infrastructure for enterprises, service providers and cloud customers globally. What are the underlying business or industry changes driving this perspective?
EXTR
US$24.66
Extreme Networks
7D
1.4%
1Y
51.7%
CIEN
US$554.46
Ciena
7D
-4.6%
1Y
584.6%
GILT
US$15.19
Gilat Satellite Networks
7D
-27.1%
1Y
153.6%
UI
US$623.25
Ubiquiti
7D
-15.6%
1Y
45.0%
VSAT
US$69.50
Viasat
7D
-4.9%
1Y
548.9%
CALX
US$39.81
Calix
7D
-6.8%
1Y
-13.8%
ONDS
US$10.62
Ondas
7D
12.7%
1Y
984.3%
MSI
US$393.28
Motorola Solutions
7D
0.3%
1Y
-7.5%
ANET
US$141.97
Arista Networks
7D
4.1%
1Y
46.8%
LITE
US$970.70
Lumentum Holdings
7D
-7.8%
1Y
1,146.6%
VIAV
US$51.43
Viavi Solutions
7D
-6.4%
1Y
454.2%
SILC
US$48.08
Silicom
7D
11.3%
1Y
219.6%
FFIV
US$362.58
F5
7D
1.2%
1Y
26.9%
NTCT
US$38.46
NetScout Systems
7D
-5.4%
1Y
63.2%