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U.S. Alternative Carriers Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies27
  • 7D15.9%
  • 3M27.8%
  • 1Y121.3%
  • YTDn/a

Over the last 7 days, the Alternative Carriers industry has risen 16%, driven by gains from AST SpaceMobile of 27%. This means that the industry has gained 121% over the past year. 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
Fri, 06 Mar 2026US$55.5bUS$12.5b-US$8,083,249,862.2722.5x-6.9x4.4x
Sun, 01 Feb 2026US$60.0bUS$12.3b-US$2,939,016,502.9516.6x-20.4x4.9x
Tue, 30 Dec 2025US$44.7bUS$12.3b-US$2,937,899,818.4414.3x-15.2x3.6x
Thu, 27 Nov 2025US$38.5bUS$12.3b-US$2,933,894,463.7813.7x-13.1x3.1x
Sat, 25 Oct 2025US$42.6bUS$12.1b-US$4,792,744,111.6815.2x-8.9x3.5x
Mon, 22 Sep 2025US$31.4bUS$12.1b-US$4,806,515,561.6917x-6.5x2.6x
Wed, 20 Aug 2025US$31.6bUS$12.1b-US$4,806,246,244.1322.4x-6.6x2.6x
Fri, 18 Jul 2025US$32.2bUS$11.9b-US$1,332,552,447.6153.3x-24.2x2.7x
Sun, 15 Jun 2025US$25.2bUS$11.9b-US$1,351,914,047.6748.3x-18.6x2.1x
Tue, 13 May 2025US$20.0bUS$11.6b-US$1,318,623,619.7549.2x-15.1x1.7x
Thu, 10 Apr 2025US$20.3bUS$12.5bUS$564.1m23.8x36x1.6x
Sat, 08 Mar 2025US$26.7bUS$12.1bUS$627.7m29.6x42.5x2.2x
Mon, 03 Feb 2025US$22.3bUS$15.4b-US$4,987,484,767.2390.7x-4.5x1.4x
Wed, 01 Jan 2025US$26.1bUS$15.4b-US$4,983,708,586.6773.5x-5.2x1.7x
Fri, 29 Nov 2024US$25.6bUS$15.4b-US$4,980,840,625.3482x-5.1x1.7x
Sun, 27 Oct 2024US$28.4bUS$15.3b-US$2,233,742,854.5174.2x-12.7x1.9x
Tue, 24 Sep 2024US$27.5bUS$15.3b-US$2,262,976,884.9274.8x-12.2x1.8x
Thu, 22 Aug 2024US$28.9bUS$15.3b-US$2,262,671,205.9976.3x-12.8x1.9x
Sat, 20 Jul 2024US$22.6bUS$15.2b-US$1,804,731,867.98116.7x-12.5x1.5x
Mon, 17 Jun 2024US$19.9bUS$15.2b-US$1,779,777,664.46109.4x-11.2x1.3x
Wed, 15 May 2024US$18.9bUS$15.2b-US$1,774,117,013.7580.3x-10.6x1.2x
Fri, 12 Apr 2024US$18.7bUS$15.6b-US$3,034,492,938.8580.3x-6.2x1.2x
Sun, 10 Mar 2024US$19.5bUS$15.6b-US$3,012,312,014.0480.3x-6.5x1.3x
Tue, 06 Feb 2024US$24.3bUS$32.0b-US$15,453,227,836.6713.1x-1.6x0.8x
Thu, 04 Jan 2024US$26.1bUS$32.0b-US$15,448,942,639.0012.9x-1.7x0.8x
Sat, 02 Dec 2023US$23.3bUS$32.0b-US$15,448,992,126.0010.5x-1.5x0.7x
Mon, 30 Oct 2023US$22.5bUS$32.8b-US$13,168,099,334.007.6x-1.7x0.7x
Wed, 27 Sep 2023US$25.3bUS$32.8b-US$13,163,143,374.008.9x-1.9x0.8x
Fri, 25 Aug 2023US$26.4bUS$32.8b-US$13,163,093,057.0010.4x-2x0.8x
Sun, 23 Jul 2023US$26.6bUS$33.1b-US$3,285,874,936.0042.9x-8.1x0.8x
Tue, 20 Jun 2023US$26.0bUS$33.1b-US$3,284,498,225.0021.9x-7.9x0.8x
Thu, 18 May 2023US$26.1bUS$33.1b-US$3,310,663,567.0018.6x-7.9x0.8x
Sat, 15 Apr 2023US$26.4bUS$34.0b-US$1,332,774,319.0018x-19.8x0.8x
Mon, 13 Mar 2023US$27.1bUS$34.0b-US$1,340,474,701.0018.7x-20.2x0.8x
Price to Earnings Ratio

-20.2x


Total Market Cap: US$27.1bTotal Earnings: -US$1,340,474,701.00Total Revenue: US$34.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -6.7x202420252026
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 1.8x 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 Market-1.22%
Telecom0.35%
Telecom Services and Carriers5.05%
Alternative Carriers15.94%
Integrated Telecom Services4.03%
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$93.869.4%
+US$2.8b		191.7%PS387.3x
GSAT GlobalstarUS$59.412.6%
+US$296.0m		165.0%PS28x
CCOI Cogent Communications HoldingsUS$22.7722.7%
+US$201.4m		-67.9%PS1.2x
IRDM Iridium CommunicationsUS$23.956.5%
+US$153.2m		-21.0%PE22x
LBTY.A Liberty GlobalUS$12.862.7%
+US$113.9m		11.6%PS0.9x

Latest News

ASTS
US$93.86
AST SpaceMobile
7D
9.4%
1Y
191.7%
GSAT
US$59.41
Globalstar
7D
2.6%
1Y
165.0%

GSAT: Future Will Depend On De Risked Satellites And Underused Spectrum Balance

Analysts have increased their fair value estimate for Globalstar from $60.00 to $63.00, citing a higher $71 Street price target and the view that the company offers a compelling mix of "de-risked" satellite services supported by Apple and underutilized terrestrial spectrum assets. Analyst Commentary Recent research highlights a mixed but generally constructive stance toward Globalstar.
LUMN
US$6.83
Lumen Technologies
7D
-3.0%
1Y
35.8%

LUMN: Balance Sheet Repair And Cost Cuts Will Support Re Rating

Our updated Lumen Technologies price target moves modestly higher by a few dollars, as analysts balance mixed rating changes with expectations for slightly less severe revenue contraction, a similar margin profile, and a higher assumed future P/E multiple, supported by recent balance sheet repair and cost cutting progress. Analyst Commentary Recent Street research around Lumen paints a mixed but generally constructive picture, as several bullish analysts lift their price targets while one firm takes a more cautious stance with a downgrade.
LBTY.A
US$12.86
Liberty Global
7D
2.7%
1Y
11.6%

LBTY.A: Future Infrastructure Deals And Cash Returns Will Support Upside

Analysts have nudged their price target for Liberty Global up by $1 to $14, citing refreshed forecasts and valuation work following the latest company results. Analyst Commentary Bullish analysts see the updated US$14 price target as a reflection of refreshed modeling work after the latest results, rather than a major shift in view.
BAND
US$16.15
Bandwidth
7D
9.0%
1Y
5.4%
ATEX
US$39.00
Anterix
7D
7.7%
1Y
0.4%
LILA
US$8.07
Liberty Latin America
7D
4.0%
1Y
17.3%

LILA: Future Cash Returns Will Be Balanced By Margin And P/E Uncertainty

Analysts have adjusted their price target on Liberty Latin America modestly, reflecting updated assumptions on discount rate, revenue growth, profit margins and future P/E. However, the underlying fair value estimate remains at $8.00.
CCOI
US$22.77
Cogent Communications Holdings
7D
22.7%
1Y
-67.9%
IRDM
US$23.95
Iridium Communications
7D
6.5%
1Y
-21.0%
IOTR
US$1.96
iOThree
7D
-7.5%
1Y
n/a
NXPL
US$0.45
NextPlat
7D
-15.1%
1Y
-50.9%

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SIFY
US$14.45
Sify Technologies
7D
-10.0%
1Y
201.0%
ELWT
US$6.94
Elauwit Connection
7D
-6.8%
1Y
n/a