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U.S. Communications Industry Analysis

UpdatedSep 01, 2026
DataAggregated Company Financials
Companies76
  • 7D2.2%
  • 3M-8.7%
  • 1Y59.8%
  • YTD46.2%

Over the last 7 days, the Communications industry has risen 2.2%, driven by gains from Arista Networks of 4.0%. Meanwhile, Vistance Networks actually underperformed within the industry, shrinking 43% in the last week. This takes the industry's 12 month performance to a gain of 60%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 01 Sep 2026US$1.0tUS$120.3bUS$14.8b33.8x67.8x8.4x
Thu, 30 Jul 2026US$948.8bUS$115.4bUS$20.6b29.7x46x8.2x
Sat, 27 Jun 2026US$992.9bUS$115.3bUS$20.6b31.3x48.2x8.6x
Mon, 25 May 2026US$1.0tUS$114.8bUS$20.1b33.5x50.5x8.9x
Wed, 22 Apr 2026US$904.2bUS$109.2bUS$18.4b49.4x49.2x8.3x
Fri, 20 Mar 2026US$765.3bUS$109.3bUS$18.4b39.9x41.6x7x
Sun, 15 Feb 2026US$737.5bUS$109.2bUS$18.2b31.5x40.6x6.8x
Tue, 13 Jan 2026US$651.1bUS$106.1bUS$16.7b38.5x38.9x6.1x
Thu, 11 Dec 2025US$702.5bUS$105.9bUS$16.6b33.7x42.3x6.6x
Sat, 08 Nov 2025US$649.7bUS$104.6bUS$16.2b29.1x40.1x6.2x
Mon, 06 Oct 2025US$648.4bUS$103.3bUS$16.0b29.8x40.5x6.3x
Wed, 03 Sep 2025US$623.2bUS$103.0bUS$16.2b25.7x38.4x6x
Fri, 01 Aug 2025US$582.1bUS$100.6bUS$14.1b28.1x41.4x5.8x
Sun, 29 Jun 2025US$560.0bUS$105.7bUS$14.3b28.8x39.1x5.3x
Tue, 27 May 2025US$522.0bUS$105.5bUS$14.3b25.8x36.6x4.9x
Thu, 24 Apr 2025US$450.6bUS$102.8bUS$12.4b24.1x36.2x4.4x
Sat, 22 Mar 2025US$495.8bUS$102.8bUS$12.4b26x39.8x4.8x
Mon, 17 Feb 2025US$557.4bUS$104.1bUS$12.1b28.1x46.2x5.4x
Wed, 15 Jan 2025US$548.5bUS$102.4bUS$11.9b25.2x45.9x5.4x
Fri, 13 Dec 2024US$534.7bUS$102.5bUS$12.1b25.7x44.1x5.2x
Sun, 10 Nov 2024US$523.8bUS$103.2bUS$13.0b24.7x40.2x5.1x
Tue, 08 Oct 2024US$482.8bUS$103.0bUS$12.0b27x40.3x4.7x
Thu, 05 Sep 2024US$444.4bUS$103.0bUS$12.0b26.4x37x4.3x
Sat, 03 Aug 2024US$417.4bUS$102.8bUS$13.8b27.3x30.2x4.1x
Mon, 01 Jul 2024US$350.7bUS$92.7bUS$12.6b26.4x27.8x3.8x
Wed, 29 May 2024US$332.1bUS$92.9bUS$12.7b27.9x26.2x3.6x
Fri, 26 Apr 2024US$384.1bUS$104.8bUS$16.3b31.4x23.6x3.7x
Sun, 24 Mar 2024US$408.3bUS$104.8bUS$16.3b32.3x25.1x3.9x
Tue, 20 Feb 2024US$386.0bUS$104.9bUS$16.5b30.1x23.4x3.7x
Thu, 18 Jan 2024US$335.9bUS$96.1bUS$15.1b25.3x22.2x3.5x
Sat, 16 Dec 2023US$327.1bUS$96.1bUS$15.1b24.7x21.7x3.4x
Mon, 13 Nov 2023US$323.3bUS$95.2bUS$13.9b23.2x23.3x3.4x
Wed, 11 Oct 2023US$326.9bUS$94.7bUS$14.6b23x22.3x3.5x
Fri, 08 Sep 2023US$344.9bUS$94.7bUS$14.6b29.7x23.6x3.6x
Price to Earnings Ratio

23.6x


Total Market Cap: US$344.9bTotal Earnings: US$14.6bTotal Revenue: US$94.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Industry Price to Earnings3Y Average 36.7x202420252026
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 67.8x which is higher than its 3-year average PE of 36.7x.
  • The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 8.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market0.071%
Tech2.90%
Communications2.17%
Communications Equipment2.17%
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$195.694.0%
+US$9.5b		43.3%PE61x
LITE Lumentum HoldingsUS$914.7610.2%
+US$7.6b		588.8%PS27.2x
UI UbiquitiUS$590.026.7%
+US$2.2b		11.7%PE37.2x
CIEN CienaUS$382.802.9%
+US$1.5b		307.4%PE123.6x
FFIV F5US$407.136.4%
+US$1.4b		32.7%PE31.7x

Latest News

CSCO
US$110.49
Cisco Systems
7D
0.2%
1Y
59.9%
VSAT
US$67.27
Viasat
7D
-6.9%
1Y
108.1%
LTRX
US$5.30
Lantronix
7D
-9.6%
1Y
12.8%
Analysis Article • 15h

Earnings Update: Lantronix, Inc. (NASDAQ:LTRX) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Last week, you might have seen that Lantronix, Inc. ( NASDAQ:LTRX ) released its yearly result to the market. The early...
LITE
US$914.76
Lumentum Holdings
7D
10.2%
1Y
588.8%
ONDS
US$7.66
Ondas
7D
-7.1%
1Y
40.2%
Seeking Alpha • 19h

Ondas Enters The Execution Phase

Summary Q2 revenue surged nearly 13-fold to $83.8 million, while pro forma organic growth remained exceptionally strong at approximately 85%. Pro forma backlog reached $757 million, supported by $175 million of Q2 orders and another $105 million entering Q3. Reaching the $537.5 million guidance midpoint requires approximately $256 million of Q4 revenue, implying roughly 74% sequential growth. Adjusted EBITDA loss widened to $50.6 million as cash operating expenses reached $93 million, making operating leverage the critical test. Shares outstanding increased roughly 50% to 570.6 million, raising the hurdle for translating rapid corporate growth into per-share returns. Read the full article on Seeking Alpha
CALX
US$38.12
Calix
7D
-4.2%
1Y
-35.9%
VISN
US$6.31
Vistance Networks
7D
-42.8%
1Y
-60.4%
ANET
US$195.69
Arista Networks
7D
4.0%
1Y
43.3%
UI
US$590.02
Ubiquiti
7D
6.7%
1Y
11.7%
DGII
US$74.94
Digi International
7D
-1.3%
1Y
122.1%
Seeking Alpha • Aug 24

Digi International: Record Quarterly Results From Accretive Acquistions

Summary Digi International is capitalizing on IIOT growth, focusing on mission-critical industrial applications and higher-margin service offerings. DGII's revenue mix is shifting toward services, now 36%, as product revenue declines and end-to-end solutions gain traction. Strong 3QFY26 results beat consensus on both revenue and EPS, with broad-based growth and robust demand from data center clients. M&A remains a key growth lever, with recent software acquisitions performing to expectations and a pipeline of 10–20 potential targets under review. Read the full article on Seeking Alpha
CIEN
US$382.80
Ciena
7D
2.9%
1Y
307.4%
EXTR
US$22.49
Extreme Networks
7D
-0.6%
1Y
4.3%
MSI
US$485.30
Motorola Solutions
7D
0.8%
1Y
2.7%
VIAV
US$36.29
Viavi Solutions
7D
-1.8%
1Y
221.7%
Narrative Update • Aug 21

VIAV: Field Instrument Demand And DCI Ramps Will Support Upside

Analysts have reset their average price target for Viavi Solutions lower, from about $60 to roughly $45.80, as they factor in sector wide multiple compression on AI related optical stocks, along with updated assumptions for discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent research on Viavi Solutions highlights a mixed backdrop, with several firms adjusting price targets while reiterating generally constructive views on the latest quarter.
NTCT
US$38.83
NetScout Systems
7D
2.7%
1Y
56.0%
FFIV
US$407.13
F5
7D
6.4%
1Y
32.7%
Narrative Update • Aug 20

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

Analysts have increased the fair value estimate for F5 from $409.00 to $436.10, citing higher Street price targets following recent beat-and-raise quarters, stronger system demand, expanding multi-cloud and AI use cases, and improved margin expectations. Analyst Commentary Analysts remain divided on F5, but recent research since the fiscal Q3 report shows a clear tilt toward more constructive views on execution, growth drivers, and valuation support.