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

U.S. Alternative Carriers Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies30
  • 7D0.4%
  • 3M5.7%
  • 1Y160.8%
  • YTDn/a

In the last week, the Alternative Carriers industry is up 10%, with AST SpaceMobile up 7.4%. Meanwhile, Globalstar actually underperformed within the industry, shrinking 6.4% in the last week. This takes the industry's 12 month performance to a gain of 145%. Looking forward, earnings are forecast to grow by 61% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026US$55.4bUS$12.3b-US$2,937,148,659.3616.3x-18.9x4.5x
Thu, 11 Dec 2025US$46.8bUS$12.3b-US$2,935,761,275.2015.7x-15.9x3.8x
Sat, 08 Nov 2025US$40.2bUS$12.2b-US$3,049,957,142.7914x-13.2x3.3x
Mon, 06 Oct 2025US$41.0bUS$12.1b-US$4,805,533,941.8617.6x-8.5x3.4x
Wed, 03 Sep 2025US$32.5bUS$12.1b-US$4,806,538,771.3023.2x-6.8x2.7x
Fri, 01 Aug 2025US$31.3bUS$12.0b-US$1,355,093,780.2650.7x-23.1x2.6x
Sun, 29 Jun 2025US$24.9bUS$11.9b-US$1,332,804,769.5948.9x-18.7x2.1x
Tue, 27 May 2025US$19.5bUS$11.7b-US$1,344,506,567.3049x-14.5x1.7x
Thu, 24 Apr 2025US$21.4bUS$12.6bUS$566.6m18.9x37.8x1.7x
Sat, 22 Mar 2025US$25.0bUS$12.6bUS$661.8m17.6x37.7x2x
Mon, 17 Feb 2025US$26.6bUS$15.4b-US$4,980,866,880.6298.7x-5.3x1.7x
Wed, 15 Jan 2025US$22.6bUS$15.4b-US$4,983,726,355.6871.6x-4.5x1.5x
Fri, 13 Dec 2024US$25.7bUS$15.4b-US$4,980,848,708.6874.4x-5.2x1.7x
Sun, 10 Nov 2024US$31.7bUS$15.4b-US$4,807,290,950.9680.8x-6.6x2.1x
Tue, 08 Oct 2024US$27.9bUS$15.3b-US$2,262,968,041.2379.6x-12.3x1.8x
Thu, 05 Sep 2024US$27.4bUS$15.3b-US$2,262,968,370.7372.2x-12.1x1.8x
Sat, 03 Aug 2024US$24.9bUS$15.3b-US$968,039,108.5337.8x-25.8x1.6x
Mon, 01 Jul 2024US$21.0bUS$15.2b-US$1,804,729,695.25118.6x-11.6x1.4x
Wed, 29 May 2024US$19.2bUS$15.2b-US$1,779,775,332.26109.6x-10.8x1.3x
Fri, 26 Apr 2024US$18.9bUS$15.6b-US$3,025,321,797.7980.3x-6.2x1.2x
Sun, 24 Mar 2024US$18.8bUS$15.6b-US$3,012,322,602.2780.3x-6.2x1.2x
Tue, 20 Feb 2024US$21.3bUS$15.5b-US$2,919,835,020.4745.2x-7.3x1.4x
Thu, 18 Jan 2024US$25.9bUS$32.0b-US$15,448,936,208.0015.8x-1.7x0.8x
Sat, 16 Dec 2023US$25.1bUS$32.0b-US$15,448,772,645.0012.4x-1.6x0.8x
Mon, 13 Nov 2023US$22.5bUS$32.1b-US$15,460,059,264.009x-1.5x0.7x
Wed, 11 Oct 2023US$25.0bUS$32.8b-US$13,163,138,051.008.7x-1.9x0.8x
Fri, 08 Sep 2023US$26.6bUS$32.8b-US$13,163,132,465.0010.9x-2x0.8x
Sun, 06 Aug 2023US$24.1bUS$32.3b-US$14,800,967,185.0014.2x-1.6x0.7x
Tue, 04 Jul 2023US$26.1bUS$33.1b-US$3,283,732,187.0030.4x-7.9x0.8x
Thu, 01 Jun 2023US$25.0bUS$33.1b-US$3,311,135,036.0021.6x-7.5x0.8x
Sat, 29 Apr 2023US$27.0bUS$34.1b-US$1,328,200,451.0015.8x-20.3x0.8x
Mon, 27 Mar 2023US$26.5bUS$34.0b-US$1,330,658,226.0018.7x-19.9x0.8x
Wed, 22 Feb 2023US$29.9bUS$34.1bUS$3.0b28.6x9.9x0.9x
Fri, 20 Jan 2023US$31.2bUS$35.1bUS$6.6b28x4.7x0.9x
Price to Earnings Ratio

4.7x


Total Market Cap: US$31.2bTotal 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 -5.9x202420252026
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 4.4x.
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 Market0.88%
Telecom1.74%
Telecom Services and Carriers-0.46%
Alternative Carriers0.44%
Integrated Telecom Services-0.57%
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$7.955.0%
+US$389.7m		48.3%PS0.6x
ASTS AST SpaceMobileUS$98.390.9%
+US$252.8m		380.4%PS1491.1x
SIFY Sify TechnologiesUS$15.0019.7%
+US$178.7m		419.0%PS2.3x
CCOI Cogent Communications HoldingsUS$23.2812.4%
+US$121.5m		-67.6%PS1.2x
IRDM Iridium CommunicationsUS$19.565.8%
+US$113.1m		-28.1%PE16.3x

Latest News

SIFY
US$15.00
Sify Technologies
7D
19.7%
1Y
419.0%
LUMN
US$7.95
Lumen Technologies
7D
5.0%
1Y
48.3%
LILA
US$7.11
Liberty Latin America
7D
0.7%
1Y
12.1%

LILA: Sustained EBITDA Execution And Buybacks Will Drive Future Upside Potential

Narrative Update on Liberty Latin America Analysts have raised their price target on Liberty Latin America to $13 from $12, citing recent Q3 rebased EBITDA performance and updated expectations for revenue growth, profit margin, and future P/E as support for the higher valuation range. Analyst Commentary Recent Street commentary highlights a mix of optimism and caution around Liberty Latin America, with the latest Q3 rebased EBITDA figure of 7% and the revised US$13 price target serving as key reference points for valuation discussions.
BAND
US$14.27
Bandwidth
7D
-1.7%
1Y
-8.3%

BAND: AI Voice Integrations Will Support Future Upside Potential

Analysts have maintained their Bandwidth fair value target at $23.67 while making small adjustments to their discount rate and future P/E assumptions. This reflects modest changes to their risk and earnings outlook rather than a revision to the headline price target.
IRDM
US$19.56
Iridium Communications
7D
5.8%
1Y
-28.1%

IRDM: Spectrum Competition Will Set Up Future Rebound Potential

Narrative Update: Iridium Communications Analysts have trimmed their fair value estimate for Iridium Communications from $45.00 to $40.00, citing a higher discount rate, slightly softer revenue growth and margin assumptions, and increased competitive pressure highlighted by recent spectrum deals pursued by rivals. Analyst Commentary The latest Street research on Iridium remains cautious overall, with some analysts adjusting expectations to reflect competitive pressures from rival spectrum agreements.
CCOI
US$23.28
Cogent Communications Holdings
7D
12.4%
1Y
-67.6%

CCOI: Dividend Reset And Wavelength Competition Will Shape Balanced Risk Outlook

Analysts have trimmed their price expectations for Cogent Communications Holdings to about $25 from $30, citing dividend and buyback cuts, a focus on reducing leverage, and rising competitive pressure in the wavelength market as key drivers of the revised outlook. Analyst Commentary Recent research on Cogent Communications Holdings has leaned cautious, with several bearish analysts pointing to a mix of capital allocation changes and competitive developments as reasons for a more conservative stance on the stock.
ATEX
US$23.27
Anterix
7D
2.0%
1Y
-16.7%
GSAT
US$63.80
Globalstar
7D
-5.2%
1Y
133.7%

GSAT: Future Will Hinge On Spectrum Monetization And Potential Sale Talks

Narrative Update Analysts have lifted their fair value estimate for Globalstar from US$45.00 to US$60.00, citing its mix of a funded satellite business and underused terrestrial spectrum, alongside expectations for a satellite internet of things market that could reach US$4.9b by 2030. Analyst Commentary Recent research points to a mixed setup for Globalstar, with the latest coverage highlighting both the potential upside and some clear execution questions.
IQST
US$2.87
iQSTEL
7D
-2.7%
1Y
-87.1%
ASTS
US$98.39
AST SpaceMobile
7D
0.9%
1Y
380.4%
LBTY.A
US$10.66
Liberty Global
7D
-3.2%
1Y
-8.1%

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$34.97
Telesat
7D
10.4%
1Y
137.7%

Telesat Continues Making Progress, But It Will Take Time

Dec 15