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U.S. Alternative Carriers Industry Analysis

UpdatedDec 04, 2025
DataAggregated Company Financials
Companies31
  • 7D7.3%
  • 3M35.0%
  • 1Y70.9%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has risen 7.3%, driven by gains in AST SpaceMobile and Lumen Technologies of 11% and 18%, respectively. This means that the industry has gained 71% over the past year. Looking forward, earnings are forecast to grow by 76% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025US$39.8bUS$12.3b-US$2,934,429,547.7514.3x-13.6x3.2x
Sat, 01 Nov 2025US$45.4bUS$12.1b-US$4,798,369,241.2415.9x-9.5x3.7x
Mon, 29 Sep 2025US$32.9bUS$12.1b-US$4,805,637,378.1616.5x-6.8x2.7x
Wed, 27 Aug 2025US$32.3bUS$12.1b-US$4,806,327,297.8923.2x-6.7x2.7x
Fri, 25 Jul 2025US$34.6bUS$12.0b-US$1,336,888,693.7150.3x-25.9x2.9x
Sun, 22 Jun 2025US$27.8bUS$11.9b-US$1,351,118,870.6548.2x-20.5x2.3x
Tue, 20 May 2025US$20.6bUS$11.6b-US$1,343,299,600.4546.8x-15.4x1.8x
Thu, 17 Apr 2025US$22.4bUS$12.5bUS$562.8m23x39.7x1.8x
Sat, 15 Mar 2025US$24.0bUS$12.1bUS$627.6m26.6x38.2x2x
Mon, 10 Feb 2025US$24.4bUS$15.4b-US$4,987,457,553.5096.8x-4.9x1.6x
Wed, 08 Jan 2025US$25.5bUS$15.4b-US$4,983,713,003.6673.4x-5.1x1.7x
Fri, 06 Dec 2024US$25.7bUS$15.4b-US$4,980,844,785.7478.7x-5.2x1.7x
Sun, 03 Nov 2024US$28.2bUS$15.4b-US$4,321,499,468.3771.4x-6.5x1.8x
Tue, 01 Oct 2024US$28.3bUS$15.3b-US$2,262,972,177.7278.6x-12.5x1.8x
Thu, 29 Aug 2024US$28.2bUS$15.3b-US$2,263,123,620.6973.8x-12.5x1.8x
Sat, 27 Jul 2024US$23.8bUS$15.2b-US$975,985,274.8738.9x-24.3x1.6x
Mon, 24 Jun 2024US$19.6bUS$15.2b-US$1,779,778,000.12109.4x-11x1.3x
Wed, 22 May 2024US$20.0bUS$15.2b-US$1,779,776,019.84109.6x-11.2x1.3x
Fri, 19 Apr 2024US$18.3bUS$15.6b-US$3,025,375,579.2080.3x-6.1x1.2x
Sun, 17 Mar 2024US$19.2bUS$15.6b-US$3,012,313,014.2480.6x-6.4x1.2x
Tue, 13 Feb 2024US$22.8bUS$15.4b-US$4,174,016,249.6547.3x-5.5x1.5x
Thu, 11 Jan 2024US$26.4bUS$32.0b-US$15,448,927,785.0015.1x-1.7x0.8x
Sat, 09 Dec 2023US$24.0bUS$32.0b-US$15,448,796,839.0011.8x-1.6x0.8x
Mon, 06 Nov 2023US$23.5bUS$32.2b-US$15,321,693,935.0011.6x-1.5x0.7x
Wed, 04 Oct 2023US$24.8bUS$32.8b-US$13,163,138,015.008.7x-1.9x0.8x
Fri, 01 Sep 2023US$27.8bUS$32.8b-US$13,163,097,680.0011.4x-2.1x0.8x
Sun, 30 Jul 2023US$24.3bUS$33.2b-US$5,758,494,445.0014x-4.2x0.7x
Tue, 27 Jun 2023US$25.7bUS$33.1b-US$3,283,737,875.0025.5x-7.8x0.8x
Thu, 25 May 2023US$24.9bUS$33.1b-US$3,311,188,553.0019.8x-7.5x0.8x
Sat, 22 Apr 2023US$27.2bUS$34.1b-US$1,325,847,184.0017.5x-20.5x0.8x
Mon, 20 Mar 2023US$27.0bUS$34.0b-US$1,330,600,166.0019.7x-20.3x0.8x
Wed, 15 Feb 2023US$30.1bUS$34.1bUS$3.0b28.8x10x0.9x
Fri, 13 Jan 2023US$33.1bUS$35.1bUS$6.6b28.6x5x0.9x
Sun, 11 Dec 2022US$29.5bUS$35.1bUS$6.6b21.1x4.5x0.8x
Price to Earnings Ratio

4.5x


Total Market Cap: US$29.5bTotal 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 -5.2x202320242025
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 1.5x is lower than the industry's current PS ratio of 3.2x.
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 Market-3.66%
Telecom-3.70%
Telecom Services and Carriers-0.44%
Alternative Carriers7.35%
Integrated Telecom Services-1.22%
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
ASTS AST SpaceMobileUS$61.4410.7%
+US$1.7b		171.4%PS931.1x
LUMN Lumen TechnologiesUS$9.5718.3%
+US$1.5b		45.4%PS0.8x
GSAT GlobalstarUS$65.166.7%
+US$522.6m		110.9%PS31.5x
IRDM Iridium CommunicationsUS$17.134.2%
+US$72.3m		-44.1%PE14.3x
SIFY Sify TechnologiesUS$11.586.3%
+US$49.6m		246.6%PS1.8x

Latest News

GSAT
US$65.16
Globalstar
7D
6.7%
1Y
110.9%

Globalstar, Inc.'s (NASDAQ:GSAT) 39% Price Boost Is Out Of Tune With Revenues

Dec 04
Globalstar, Inc.'s (NASDAQ:GSAT) 39% Price Boost Is Out Of Tune With Revenues
LBTY.A
US$11.28
Liberty Global
7D
-0.2%
1Y
-18.6%

LBTY.A: Future Cash Returns And Buybacks Will Drive Upside Potential

Analysts have modestly raised their price target on Liberty Global to approximately $15.63 from about $15.57, citing slightly stronger long term revenue growth expectations and a higher anticipated future earnings multiple, despite a somewhat higher discount rate. Analyst Commentary Recent research updates highlight a cautiously constructive stance on Liberty Global, with price targets edging higher alongside expectations for improved long term fundamentals.
BAND
US$14.73
Bandwidth
7D
3.3%
1Y
-29.1%
LUMN
US$9.57
Lumen Technologies
7D
18.3%
1Y
45.4%

LUMN: Debt Refinancing May Not Offset Ongoing Margin And Revenue Pressures

Analysts have raised their price target for Lumen Technologies from approximately $6.86 to $7.23 per share. They cite recent earnings outperformance, positive impacts from debt refinancing, and ongoing operational improvements as reasons for this adjustment.
LILA
US$8.68
Liberty Latin America
7D
-0.6%
1Y
26.9%

LILA: Sustained Performance Will Drive Continued Rebound After Quarterly Momentum

Analysts have increased their price target for Liberty Latin America from $12 to $13, citing confidence in sustained growth following robust quarterly performance. Analyst Commentary Bullish analysts have reiterated their positive outlook on Liberty Latin America, raising the price target and highlighting several encouraging trends from the company's recent performance.
IRDM
US$17.13
Iridium Communications
7D
4.2%
1Y
-44.1%

IRDM: Expanding Global Network Partnerships Will Unlock New Connectivity Opportunities

Iridium Communications' average analyst price target was revised downward by $5 to $21, as analysts cite increased competition and rival spectrum acquisitions as key drivers for their more cautious outlook. Analyst Commentary Recent analyst notes reflect a shift in sentiment for Iridium Communications as the competitive landscape evolves.
ASTS
US$61.44
AST SpaceMobile
7D
10.7%
1Y
171.4%
CCOI
US$19.59
Cogent Communications Holdings
7D
3.1%
1Y
-75.5%

CCOI: Dividend And Buyback Pause Will Enable Focus On Lowering Leverage

Analysts have lowered their fair value price target for Cogent Communications Holdings significantly, reducing it from approximately $44.55 to $31.18. They cite weaker revenue growth prospects, higher discount rates, and recent negative sentiment around capital allocation and competitive pressures as reasons for this change.
ATEX
US$20.10
Anterix
7D
-1.9%
1Y
-41.3%
ELWT
US$6.65
Elauwit Connection
7D
-2.9%
1Y
n/a
NXPL
US$0.61
NextPlat
7D
-1.2%
1Y
-23.7%
SIFY
US$11.58
Sify Technologies
7D
6.3%
1Y
246.6%

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.
TSAT
US$26.79
Telesat
7D
5.7%
1Y
101.9%