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

U.S. Alternative Carriers Industry Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies31
  • 7D-11.7%
  • 3M33.8%
  • 1Y96.1%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has dropped 2.9%, driven by a pullback from AST SpaceMobile of 5.1%. On the other hand Sify Technologies is actually up 10%. Over the past 12 months, the industry was up 92%. Earnings are forecast to grow by 74% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025US$45.1bUS$12.3b-US$2,938,134,752.8114.3x-15.4x3.7x
Wed, 26 Nov 2025US$38.2bUS$12.3b-US$2,933,426,881.3813.7x-13x3.1x
Fri, 24 Oct 2025US$42.2bUS$12.1b-US$4,805,491,466.9317.1x-8.8x3.5x
Sun, 21 Sep 2025US$31.4bUS$12.1b-US$4,806,515,561.6917x-6.5x2.6x
Tue, 19 Aug 2025US$31.6bUS$12.1b-US$4,806,528,867.8023.1x-6.6x2.6x
Thu, 17 Jul 2025US$31.6bUS$11.9b-US$1,332,859,826.9952.9x-23.7x2.6x
Sat, 14 Jun 2025US$24.9bUS$11.9b-US$1,351,914,047.6748.3x-18.4x2.1x
Mon, 12 May 2025US$20.0bUS$11.6b-US$1,318,852,985.8348.9x-15.1x1.7x
Wed, 09 Apr 2025US$21.0bUS$12.5bUS$564.7m21.9x37.1x1.7x
Fri, 07 Mar 2025US$27.2bUS$12.1bUS$627.7m29.2x43.4x2.2x
Sun, 02 Feb 2025US$22.3bUS$15.4b-US$4,987,484,767.2390.7x-4.5x1.4x
Tue, 31 Dec 2024US$26.5bUS$15.4b-US$4,983,706,908.2373.1x-5.3x1.7x
Thu, 28 Nov 2024US$25.3bUS$15.4b-US$4,980,839,685.0182x-5.1x1.6x
Sat, 26 Oct 2024US$28.1bUS$15.3b-US$2,233,742,509.3374.2x-12.6x1.8x
Mon, 23 Sep 2024US$27.5bUS$15.3b-US$2,262,976,884.9274.8x-12.2x1.8x
Wed, 21 Aug 2024US$30.2bUS$15.3b-US$2,262,673,206.0577.3x-13.3x2x
Fri, 19 Jul 2024US$23.2bUS$15.2b-US$1,804,731,538.20117.8x-12.9x1.5x
Sun, 16 Jun 2024US$19.9bUS$15.2b-US$1,779,777,664.46109.4x-11.2x1.3x
Tue, 14 May 2024US$18.9bUS$15.2b-US$1,774,116,403.1480.3x-10.6x1.2x
Thu, 11 Apr 2024US$19.1bUS$15.6b-US$3,034,493,334.3480.3x-6.3x1.2x
Sat, 09 Mar 2024US$19.5bUS$15.6b-US$3,012,312,014.0480.3x-6.5x1.3x
Mon, 05 Feb 2024US$24.9bUS$32.0b-US$15,453,227,435.0013.1x-1.6x0.8x
Wed, 03 Jan 2024US$26.9bUS$32.0b-US$15,448,940,831.0014.2x-1.7x0.8x
Fri, 01 Dec 2023US$23.4bUS$32.0b-US$15,449,003,231.009.8x-1.5x0.7x
Sun, 29 Oct 2023US$22.6bUS$32.8b-US$13,168,099,334.007.6x-1.7x0.7x
Tue, 26 Sep 2023US$25.9bUS$32.8b-US$13,163,129,325.009x-2x0.8x
Thu, 24 Aug 2023US$26.6bUS$32.8b-US$13,163,090,900.0010.7x-2x0.8x
Sat, 22 Jul 2023US$26.6bUS$33.1b-US$3,285,874,936.0042.9x-8.1x0.8x
Mon, 19 Jun 2023US$26.0bUS$33.1b-US$3,284,498,225.0021.9x-7.9x0.8x
Wed, 17 May 2023US$26.0bUS$33.1b-US$3,317,989,691.0018.2x-7.8x0.8x
Fri, 14 Apr 2023US$26.8bUS$34.0b-US$1,332,749,774.0017.9x-20.1x0.8x
Sun, 12 Mar 2023US$27.1bUS$34.0b-US$1,340,474,701.0018.7x-20.2x0.8x
Tue, 07 Feb 2023US$31.9bUS$35.1bUS$6.6b29.8x4.8x0.9x
Thu, 05 Jan 2023US$30.0bUS$35.1bUS$6.6b20.9x4.6x0.9x
Price to Earnings Ratio

4.6x


Total Market Cap: US$30.0bTotal 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 -5.7x20242025
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 1.6x is lower than the industry's current PS ratio of 3.7x.
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 29% per year, which is driving profits down.

Industry Comparison

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

US Market0.61%
Telecom0.89%
Telecom Services and Carriers-0.34%
Alternative Carriers-11.71%
Integrated Telecom Services1.30%
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
SIFY Sify TechnologiesUS$12.505.1%
+US$44.1m		332.5%PS2x
BAND BandwidthUS$15.201.1%
+US$4.9m		-10.0%PS0.6x
IOTR iOThreeUS$2.796.6%
+US$444.5k		n/aPS0.6x

Latest News

LILA
US$7.48
Liberty Latin America
7D
-2.1%
1Y
19.5%

LILA: Future Performance Will Hinge On Sustaining EBITDA And Free Cash Flow

Analysts have raised their price target on Liberty Latin America to $13 from $12, reflecting higher fair value assumptions and growing confidence that recent 7% Q3 rebased EBITDA growth signals sustainable earnings and margin improvement. Analyst Commentary While the latest price target increase to $13 signals improved sentiment around Liberty Latin America's earnings trajectory, not all market observers are fully convinced that the recent momentum can be sustained over the medium term.
IRDM
US$17.21
Iridium Communications
7D
-4.9%
1Y
-40.6%

IRDM: Competitive Pressures And Spectrum Deals Will Shape Balanced Outlook

Analysts have reduced their fair value estimate for Iridium Communications to approximately $16.00 per share from about $25.00 per share, citing slower expected revenue growth amid mounting competitive pressures and spectrum deals by rival satellite operators. This is partly offset by a modestly improved profit margin outlook and a lower assumed future price to earnings multiple.
BAND
US$15.20
Bandwidth
7D
1.1%
1Y
-10.0%

BAND: AI Voice Integrations Will Drive Long-Term Upside Potential

Analysts have modestly increased their price target for Bandwidth to approximately $23.67 per share, citing a slightly higher discount rate and stable expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Issued full year 2025 guidance, projecting revenue between $747 million and $760 million, signaling confidence in continued top line growth (Corporate Guidance) Announced support for OpenAI's latest Realtime API, integrating SIP-based voice calling so enterprises can deploy their own GPT powered conversational voice agents on Bandwidth's edge infrastructure (Product Related Announcement) Expanded its open, multi pathway AI strategy with options ranging from pre built integrations with platforms like Google Dialogflow and Cognigy to standards based APIs such as OpenAI's Realtime API, broadening routes to build AI enhanced communications (Product Related Announcement) Highlighted advantages of its owned and operated global cloud communications network, positioning low latency, high fidelity voice and intelligent routing as key enablers for mission critical conversational AI use cases (Product Related Announcement) Valuation Changes Fair Value: Unchanged at approximately $23.67 per share, indicating stable long term intrinsic value expectations.
GSAT
US$62.89
Globalstar
7D
-5.6%
1Y
93.2%

GSAT: Future Sale Interest From SpaceX Will Drive Bullish Repricing

Analysts have raised their price target for Globalstar from $60 to $75 per share, citing stronger long term revenue growth expectations and the upside from its de risked satellite operations and underutilized terrestrial spectrum in a rapidly expanding satellite internet of things market. Analyst Commentary Bullish analysts highlight that Globalstar is evolving into a differentiated hybrid communications play, pairing a de risked satellite services platform with a strategically significant terrestrial spectrum portfolio.
ASTS
US$71.95
AST SpaceMobile
7D
-16.8%
1Y
229.9%
LBTY.A
US$11.10
Liberty Global
7D
-1.4%
1Y
-11.4%

LBTY.A: Future Cash Returns And Buybacks Will Support Upside Post Leadership Shift

Analysts have raised their price target on Liberty Global by $2 to $13, citing updated assumptions for fair value, discount rate, and long term growth and profitability expectations. Analyst Commentary Recent target revisions suggest that bullish analysts see the updated $13 price target as better reflecting Liberty Global's underlying asset base and cash flow potential, particularly as assumptions around long term growth and discount rates are recalibrated.
TSAT
US$29.18
Telesat
7D
-2.4%
1Y
78.7%

Telesat Continues Making Progress, But It Will Take Time

Dec 15
IOTR
US$2.79
iOThree
7D
6.6%
1Y
n/a
LUMN
US$7.69
Lumen Technologies
7D
-1.0%
1Y
42.4%

LUMN: Rising Debt Costs Will Likely Undermine Recent Free Cash Flow Gains

Analysts have raised their price target on Lumen Technologies to about $2.24 from $2.00 per share, citing stronger than expected Q3 execution, reaffirmed 2025 guidance, and balance sheet tailwinds from debt refinancing and a more favorable interest rate backdrop. Analyst Commentary While recent results and balance sheet actions have prompted upward revisions to price targets, not all market participants view Lumen's trajectory as uniformly positive.
ATEX
US$21.98
Anterix
7D
-2.4%
1Y
-28.0%
SIFY
US$12.50
Sify Technologies
7D
5.1%
1Y
332.5%

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.