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U.S. Alternative Carriers Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies30
  • 7D-3.6%
  • 3M-16.8%
  • 1Y156.0%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has dropped 3.6%, driven by AST SpaceMobile declining 3.5%. Over the past 12 months, the industry was up 156%. As for the next few years, earnings are expected to grow by 88% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Apr 2026US$55.1bUS$12.5b-US$8,096,236,178.9637.5x-6.8x4.4x
Thu, 26 Mar 2026US$53.3bUS$12.5b-US$8,080,944,482.6327.2x-6.6x4.3x
Sat, 21 Feb 2026US$52.0bUS$12.4b-US$8,083,657,216.1421x-6.4x4.2x
Mon, 19 Jan 2026US$61.4bUS$12.3b-US$2,936,733,823.2015.8x-20.9x5x
Wed, 17 Dec 2025US$44.6bUS$12.3b-US$2,936,051,722.0914x-15.2x3.6x
Fri, 14 Nov 2025US$42.1bUS$12.3b-US$2,934,545,236.0313.9x-14.3x3.4x
Sun, 12 Oct 2025US$46.1bUS$12.1b-US$4,805,291,575.2817.2x-9.6x3.8x
Tue, 09 Sep 2025US$30.6bUS$12.1b-US$4,806,425,834.3920.1x-6.4x2.5x
Thu, 07 Aug 2025US$31.3bUS$12.1b-US$4,472,221,671.8549.4x-7x2.6x
Sat, 05 Jul 2025US$29.6bUS$11.9b-US$1,333,261,456.7849.7x-22.2x2.5x
Mon, 02 Jun 2025US$19.2bUS$11.7b-US$1,344,337,395.9150.3x-14.3x1.7x
Wed, 30 Apr 2025US$22.8bUS$12.6bUS$566.4m21.1x40.2x1.8x
Fri, 28 Mar 2025US$25.7bUS$12.5bUS$565.0m28.5x45.5x2.1x
Sun, 23 Feb 2025US$25.3bUS$12.1bUS$910.2m63.1x27.8x2.1x
Tue, 21 Jan 2025US$23.1bUS$15.4b-US$4,987,488,963.3487.4x-4.6x1.5x
Thu, 19 Dec 2024US$24.9bUS$15.4b-US$4,980,852,225.8774.2x-5x1.6x
Sat, 16 Nov 2024US$25.6bUS$15.4b-US$4,973,168,002.4573x-5.2x1.7x
Mon, 14 Oct 2024US$27.3bUS$15.3b-US$2,262,966,229.9783.3x-12.1x1.8x
Wed, 11 Sep 2024US$26.6bUS$15.3b-US$2,262,968,609.3774.3x-11.7x1.7x
Fri, 09 Aug 2024US$23.9bUS$15.3b-US$1,059,241,718.5736.7x-22.6x1.6x
Sun, 07 Jul 2024US$21.4bUS$15.2b-US$1,804,730,179.55118.5x-11.8x1.4x
Tue, 04 Jun 2024US$20.3bUS$15.2b-US$1,779,774,796.76109.4x-11.4x1.3x
Thu, 02 May 2024US$19.0bUS$15.6b-US$3,025,322,948.7880.3x-6.3x1.2x
Sat, 30 Mar 2024US$19.4bUS$15.6b-US$3,010,916,396.1083.9x-6.4x1.2x
Mon, 26 Feb 2024US$20.8bUS$15.5b-US$3,156,333,832.07134.9x-6.6x1.3x
Wed, 24 Jan 2024US$25.7bUS$32.0b-US$15,453,228,565.0013.7x-1.7x0.8x
Fri, 22 Dec 2023US$25.3bUS$32.0b-US$15,448,782,385.0012.7x-1.6x0.8x
Sun, 19 Nov 2023US$23.2bUS$32.0b-US$15,448,994,376.0010.3x-1.5x0.7x
Tue, 17 Oct 2023US$24.7bUS$32.8b-US$13,163,136,790.008.7x-1.9x0.8x
Thu, 14 Sep 2023US$27.3bUS$32.8b-US$13,163,120,560.0010.6x-2.1x0.8x
Sat, 12 Aug 2023US$28.6bUS$32.8b-US$13,167,483,001.0010.9x-2.2x0.9x
Mon, 10 Jul 2023US$26.0bUS$33.1b-US$3,283,795,569.0028.6x-7.9x0.8x
Wed, 07 Jun 2023US$25.9bUS$33.1b-US$3,311,116,541.0022.4x-7.8x0.8x
Fri, 05 May 2023US$26.2bUS$33.2b-US$1,405,776,077.0014.1x-18.6x0.8x
Price to Earnings Ratio

-18.6x


Total Market Cap: US$26.2bTotal Earnings: -US$1,405,776,077.00Total Revenue: US$33.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -6.1x202420252026
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 2.0x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Alternative Carriers industry have deteriorated over the last three years.
  • Revenues have also declined 28% per year.
  • This means overall sales from these companies are declining and losses are subsequently expanding as well.

Industry Comparison

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

US Market0.72%
Telecom1.22%
Telecom Services and Carriers-2.21%
Alternative Carriers-3.63%
Integrated Telecom Services-2.04%
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
LUMN Lumen TechnologiesUS$8.943.1%
+US$276.6m		149.7%PS0.7x
GSAT GlobalstarUS$81.901.9%
+US$199.3m		316.4%PS38.6x
ATEX AnterixUS$47.2110.8%
+US$86.4m		59.6%PE10.9x
CCOI Cogent Communications HoldingsUS$24.685.0%
+US$56.3m		-54.9%PS1.3x
NXPL NextPlatUS$6.9318.1%
+US$2.9m		25.9%PS0.3x

Latest News

ELWT
US$6.98
Elauwit Connection
7D
5.0%
1Y
n/a
LILA
US$8.15
Liberty Latin America
7D
-3.7%
1Y
49.5%

LILA: Completed Buybacks And Stable Assumptions Will Support Future Share Rebound

Analysts kept their price target for Liberty Latin America steady at about $11.90, citing largely unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E. What's in the News Completed share repurchase of 300,000 shares, or 0.15% of outstanding, for US$2.51 million between October 1, 2025 and December 31, 2025 under the May 8, 2023 buyback program (Key Developments).
IRDM
US$37.40
Iridium Communications
7D
-10.4%
1Y
54.8%
ASTS
US$77.20
AST SpaceMobile
7D
-3.5%
1Y
223.0%
CCOI
US$24.68
Cogent Communications Holdings
7D
5.0%
1Y
-54.9%

CCOI: Future Data Center Deals And Refinancing Will Support Balance Sheet Recovery

Analysts have trimmed their average price targets on Cogent Communications Holdings by several dollars into a roughly $21 to $40 range, citing softer Q4 results, continued pressure from off net and wavelength revenue, and uncertainty around data center transactions and future growth visibility. Analyst Commentary Recent research notes show a clear reset in expectations for Cogent Communications Holdings, with price targets generally clustered in the low to mid US$20s and a few higher conviction views extending up to US$40.
TSAT
US$46.36
Telesat
7D
-12.7%
1Y
188.7%
BAND
US$24.11
Bandwidth
7D
-0.08%
1Y
90.9%

BAND: AI Partnerships And Buybacks Will Support Measured Long Term Upside Potential

Analysts have lifted their Bandwidth price target from approximately $23.67 to $24.50, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E, which they view as better aligned with the current setup. What's in the News Bandwidth is partnering with Salesforce to provide infrastructure for Salesforce's new CRM native, AI driven Agentforce Contact Center platform.
NXPL
US$6.93
NextPlat
7D
18.1%
1Y
25.9%
ATEX
US$47.21
Anterix
7D
10.8%
1Y
59.6%
LUMN
US$8.94
Lumen Technologies
7D
3.1%
1Y
149.7%
GSAT
US$81.90
Globalstar
7D
1.9%
1Y
316.4%
IQST
US$1.55
iQSTEL
7D
-3.1%
1Y
-84.8%

Digital Health And Cybersecurity Expansion Will Reshape This Telecom And Fintech Platform

Catalysts About iQSTEL iQSTEL operates a global telecom and fintech platform that connects more than 600 operators and reaches an estimated 2.3 billion end users across 21 countries. What are the underlying business or industry changes driving this perspective?
LBTY.A
US$11.61
Liberty Global
7D
-9.1%
1Y
5.4%

LBTY.A: Fiber Expansion Deals And Buybacks Will Support Future Upside Potential

Liberty Global's updated analyst price target ticks higher to about $15.89, with analysts citing refreshed forecasts around revenue growth, profit margins, and expected future P/E levels following recent company results and revised research assumptions. Analyst Commentary Recent research updates frame Liberty Global as a name where analysts are fine tuning expectations rather than making wholesale changes, with modestly higher price targets tied to refreshed models after the latest results.
IOTR
US$2.74
iOThree
7D
5.4%
1Y
-29.3%