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U.S. Alternative Carriers Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies31
  • 7D-2.0%
  • 3M30.7%
  • 1Y73.4%
  • YTDn/a

In the last week, the Alternative Carriers industry is up 1.9%, with Globalstar up 28%. During this same period, the Lumen Technologies underperformed, falling 12%. This takes the industry's 12 month performance to a gain of 62%. Looking forward, earnings are forecast to grow by 65% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Nov 2025US$41.8bUS$12.2b-US$3,050,035,525.6313.7x-13.7x3.4x
Sat, 11 Oct 2025US$46.4bUS$12.1b-US$4,805,291,575.2817.2x-9.7x3.8x
Mon, 08 Sep 2025US$30.6bUS$12.1b-US$4,806,162,666.5923.6x-6.4x2.5x
Wed, 06 Aug 2025US$30.7bUS$12.2b-US$4,461,540,969.9049.8x-6.9x2.5x
Fri, 04 Jul 2025US$29.6bUS$11.9b-US$1,333,399,340.7749.7x-22.2x2.5x
Sun, 01 Jun 2025US$16.6bUS$11.7b-US$1,344,337,395.9150.3x-12.3x1.4x
Tue, 29 Apr 2025US$22.4bUS$12.6bUS$566.3m21.2x39.6x1.8x
Thu, 27 Mar 2025US$26.1bUS$12.6bUS$660.6m18.5x39.5x2.1x
Sat, 22 Feb 2025US$25.3bUS$12.1bUS$910.2m63.1x27.8x2.1x
Mon, 20 Jan 2025US$23.1bUS$15.4b-US$4,987,486,771.9387.4x-4.6x1.5x
Wed, 18 Dec 2024US$25.2bUS$15.4b-US$4,980,849,003.4875x-5.1x1.6x
Fri, 15 Nov 2024US$29.5bUS$15.4b-US$4,822,132,073.8471.5x-6.1x1.9x
Sun, 13 Oct 2024US$27.3bUS$15.3b-US$2,262,966,229.9783.3x-12.1x1.8x
Tue, 10 Sep 2024US$19.3bUS$7.7b-US$210,368,607.6573.8x-91.5x2.5x
Thu, 08 Aug 2024US$24.0bUS$15.3b-US$1,043,342,240.3936x-23x1.6x
Sat, 06 Jul 2024US$21.2bUS$15.2b-US$1,804,730,179.55118.5x-11.7x1.4x
Mon, 03 Jun 2024US$20.3bUS$15.2b-US$1,779,776,723.39109.4x-11.4x1.3x
Wed, 01 May 2024US$18.9bUS$15.6b-US$3,025,323,265.3680.3x-6.2x1.2x
Fri, 29 Mar 2024US$19.2bUS$15.6b-US$3,010,916,811.0083.9x-6.4x1.2x
Sun, 25 Feb 2024US$20.8bUS$15.5b-US$3,156,333,832.07134.9x-6.6x1.3x
Tue, 23 Jan 2024US$25.7bUS$32.0b-US$15,452,205,514.0013.2x-1.7x0.8x
Thu, 21 Dec 2023US$25.4bUS$32.0b-US$15,448,782,142.0012.4x-1.6x0.8x
Sat, 18 Nov 2023US$23.2bUS$32.0b-US$15,448,994,376.0010.3x-1.5x0.7x
Mon, 16 Oct 2023US$24.2bUS$32.8b-US$13,163,143,432.008.3x-1.8x0.7x
Wed, 13 Sep 2023US$26.9bUS$32.8b-US$13,163,111,420.0010.7x-2x0.8x
Fri, 11 Aug 2023US$28.5bUS$32.8b-US$13,167,634,381.0011.1x-2.2x0.9x
Sun, 09 Jul 2023US$26.0bUS$33.1b-US$3,283,795,569.0028.6x-7.9x0.8x
Tue, 06 Jun 2023US$25.5bUS$33.1b-US$3,311,117,630.0021.1x-7.7x0.8x
Thu, 04 May 2023US$26.6bUS$33.2b-US$1,405,779,253.0014.1x-18.9x0.8x
Sat, 01 Apr 2023US$27.9bUS$34.0b-US$1,330,632,322.0019.8x-21x0.8x
Mon, 27 Feb 2023US$29.4bUS$34.0b-US$1,357,871,356.0019.9x-21.7x0.9x
Wed, 25 Jan 2023US$32.0bUS$35.1bUS$6.6b28.7x4.8x0.9x
Fri, 23 Dec 2022US$28.5bUS$35.1bUS$6.6b17.4x4.3x0.8x
Sun, 20 Nov 2022US$31.5bUS$35.1bUS$6.6b23.9x4.8x0.9x
Price to Earnings Ratio

4.8x


Total Market Cap: US$31.5bTotal Earnings: US$6.6bTotal Revenue: US$35.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -4.8x202320242025
Current Industry PE
  • Investors are optimistic on the American Alternative Carriers industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • Total earnings for the Alternative Carriers industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 30% per year, which is driving profits down.

Industry Comparison

How does U.S. Alternative Carriers compare with similar industries?

US Market0.42%
Telecom0.21%
Telecom Services and Carriers2.88%
Alternative Carriers-1.97%
Integrated Telecom Services3.47%
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
GSAT GlobalstarUS$64.3825.9%
+US$1.7b		145.3%PS31.1x
LILA Liberty Latin AmericaUS$8.163.6%
+US$56.1m		23.8%PS0.4x
LBTY.A Liberty GlobalUS$10.890.8%
+US$30.3m		-8.5%PS0.8x
SIFY Sify TechnologiesUS$11.582.2%
+US$18.1m		279.7%PS1.8x
IOTR iOThreeUS$3.138.3%
+US$615.6k		n/aPS0.8x

Latest News

SIFY
US$11.58
Sify Technologies
7D
2.2%
1Y
279.7%

SIFY: Future Profits Will Be Driven by Expanding Margins

Analysts have revised Sify Technologies’ price target modestly upward, increasing it from $22 to $22.00. This change is based on updates to key valuation metrics and adjustments in financial forecasts.
ASTS
US$64.49
AST SpaceMobile
7D
-8.4%
1Y
131.2%
IRDM
US$16.85
Iridium Communications
7D
-6.2%
1Y
-41.6%

IRDM: Expanding Global Partnerships Will Drive Connectivity Beyond Competitive Threats

Analysts have lowered their fair value estimate for Iridium Communications from $31.00 to $29.75 per share, citing ongoing concerns about intensifying competition and the recent reduction in industry price targets. Analyst Commentary Recent updates from Street research indicate a shifting landscape for Iridium Communications, as analysts re-evaluate the company’s prospects in light of intensifying competition and strategic spectrum acquisitions by rivals.
CCOI
US$18.49
Cogent Communications Holdings
7D
-51.7%
1Y
-76.5%
GSAT
US$64.38
Globalstar
7D
25.9%
1Y
145.3%

GSAT: Satellite Spectrum Demand Will Drive Increased Acquisition Interest

Analysts have raised their price target for Globalstar from $60.00 to $66.00 per share. They cited confidence in the company's hybrid satellite and terrestrial spectrum business as well as the rapidly growing satellite IoT market.
LILA
US$8.16
Liberty Latin America
7D
3.6%
1Y
23.8%
LUMN
US$8.55
Lumen Technologies
7D
-21.3%
1Y
-3.8%
IOTR
US$3.13
iOThree
7D
8.3%
1Y
n/a

iOThree Limited (NASDAQ:IOTR) Shares May Have Slumped 27% But Getting In Cheap Is Still Unlikely

Nov 05
iOThree Limited (NASDAQ:IOTR) Shares May Have Slumped 27% But Getting In Cheap Is Still Unlikely
TSAT
US$25.55
Telesat
7D
-10.6%
1Y
102.5%
BAND
US$14.49
Bandwidth
7D
-1.5%
1Y
-24.9%

BAND: Future AI Voice and Trusted Communications Will Drive Business Evolution

Narrative Update on Bandwidth: Analyst Price Target Adjustment Analysts have reduced their fair value estimate for Bandwidth from $21.50 to $17.00. They cite moderating revenue growth projections and a higher discount rate as key factors driving the updated outlook.
LBTY.A
US$10.89
Liberty Global
7D
0.8%
1Y
-8.5%

LBTY.A: Leadership Transition Will Unlock Renewed Confidence For Shares

Narrative Update on Liberty Global Analysts have increased their price target for Liberty Global to $13 from $12.50, reflecting updated projections following the company’s latest quarterly results. Analyst Commentary Analysts have weighed in on Liberty Global's performance and outlook following the release of its second quarter report.
NXPL
US$0.76
NextPlat
7D
-9.6%
1Y
-35.2%
ATEX
US$18.35
Anterix
7D
-2.4%
1Y
-45.4%