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U.S. Communications Equipment Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies78
  • 7D-6.3%
  • 3M10.3%
  • 1Y53.4%
  • YTDn/a

Over the last 7 days, the Communications Equipment industry has dropped 8.4%, driven by Arista Networks declining 15%. This takes the industry's 12 month performance to a gain of 52%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

Has the U.S. Communications Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$721.5bUS$109.2bUS$18.4b42.7x39.3x6.6x
Fri, 27 Feb 2026US$759.9bUS$108.9bUS$18.1b40.5x41.9x7x
Sun, 25 Jan 2026US$672.6bUS$106.1bUS$16.7b31.6x40.2x6.3x
Tue, 23 Dec 2025US$675.5bUS$106.1bUS$16.7b33.7x40.4x6.4x
Thu, 20 Nov 2025US$641.2bUS$106.1bUS$16.6b30x38.6x6x
Sat, 18 Oct 2025US$658.4bUS$103.3bUS$16.0b30.1x41.1x6.4x
Mon, 15 Sep 2025US$631.6bUS$103.3bUS$16.0b27.7x39.5x6.1x
Wed, 13 Aug 2025US$624.1bUS$101.6bUS$14.9b25.6x41.8x6.1x
Fri, 11 Jul 2025US$558.9bUS$100.5bUS$14.0b29.3x40x5.6x
Sun, 08 Jun 2025US$542.6bUS$105.7bUS$14.4b27x37.8x5.1x
Tue, 06 May 2025US$499.0bUS$103.3bUS$13.1b22.2x38x4.8x
Thu, 03 Apr 2025US$494.8bUS$102.8bUS$12.4b26.4x39.8x4.8x
Sat, 01 Mar 2025US$528.1bUS$104.6bUS$12.2b27.8x43.4x5.1x
Mon, 27 Jan 2025US$588.4bUS$102.4bUS$11.9b26.4x49.3x5.7x
Wed, 25 Dec 2024US$550.3bUS$102.4bUS$12.1b25.4x45.6x5.4x
Fri, 22 Nov 2024US$512.8bUS$102.5bUS$12.1b23.9x42.3x5x
Sun, 20 Oct 2024US$506.7bUS$103.0bUS$12.0b28.4x42.2x4.9x
Tue, 17 Sep 2024US$453.3bUS$103.0bUS$12.0b25x37.8x4.4x
Thu, 15 Aug 2024US$412.9bUS$102.9bUS$13.7b23.5x30.2x4x
Sat, 13 Jul 2024US$351.8bUS$92.6bUS$12.6b26.5x27.9x3.8x
Mon, 10 Jun 2024US$326.0bUS$92.7bUS$12.6b27.3x25.8x3.5x
Wed, 08 May 2024US$325.6bUS$94.3bUS$14.0b27.1x23.3x3.5x
Fri, 05 Apr 2024US$398.9bUS$104.8bUS$16.3b33.9x24.5x3.8x
Sun, 03 Mar 2024US$397.0bUS$104.8bUS$16.4b32.6x24.3x3.8x
Tue, 30 Jan 2024US$349.0bUS$96.0bUS$14.9b27.6x23.4x3.6x
Thu, 28 Dec 2023US$331.4bUS$96.1bUS$15.1b24.9x21.9x3.4x
Sat, 25 Nov 2023US$312.6bUS$96.2bUS$14.9b23.2x21x3.2x
Mon, 23 Oct 2023US$317.6bUS$94.7bUS$14.6b20.5x21.7x3.4x
Wed, 20 Sep 2023US$335.7bUS$94.7bUS$14.6b24.7x22.9x3.5x
Fri, 18 Aug 2023US$323.5bUS$94.5bUS$14.7b26.1x22x3.4x
Sun, 16 Jul 2023US$311.3bUS$91.4bUS$13.5b23.8x23x3.4x
Tue, 13 Jun 2023US$315.2bUS$91.4bUS$13.5b20.2x23.3x3.4x
Thu, 11 May 2023US$284.7bUS$89.8bUS$13.5b24x21.2x3.2x
Sat, 08 Apr 2023US$315.1bUS$89.0bUS$13.2b26x23.9x3.5x
Price to Earnings Ratio

23.9x


Total Market Cap: US$315.1bTotal Earnings: US$13.2bTotal Revenue: US$89.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Communications Equipment Industry Price to Earnings3Y Average 32.9x202420252026
Current Industry PE
  • Investors are optimistic on the American Communications Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 40.3x which is higher than its 3-year average PE of 32.9x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 6.8x.
Past Earnings Growth
  • The earnings for companies in the Communications Equipment industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 7.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Communications Equipment compare with similar industries?

US Market-0.61%
Tech-2.04%
Communications-6.34%
Communications Equipment-6.34%
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
FFIV F5US$289.330.1%
+US$15.1m		7.7%PE21.3x
VISN Vistance NetworksUS$18.200.3%
+US$11.3m		238.9%PE16.1x
SILC SilicomUS$21.106.0%
+US$6.8m		43.7%PS1.9x
ADTN ADTRAN HoldingsUS$12.580.4%
+US$4.5m		42.6%PS0.9x
FKWL Franklin WirelessUS$3.814.1%
+US$1.8m		-35.3%PE240x

Latest News

GNSS
US$1.82
Genasys
7D
0.6%
1Y
-17.3%
SILC
US$21.10
Silicom
7D
6.0%
1Y
43.7%
ADTN
US$12.58
ADTRAN Holdings
7D
0.4%
1Y
42.6%

ADTN: Margin Confidence And Strong Q4 Set Stage For Balanced Recovery

Analysts have lifted the price target on ADTRAN Holdings to $14, citing a stronger recent earnings report, improved confidence in operating margins, and a balance sheet they view as less concerning. Analyst Commentary Recent research updates cluster around a similar conclusion: the latest Q4 report has given bullish analysts enough confidence to lift their price targets on ADTRAN Holdings to $14 and keep positive ratings in place.
ANET
US$122.78
Arista Networks
7D
-6.1%
1Y
56.4%
LITE
US$702.76
Lumentum Holdings
7D
-12.4%
1Y
1,005.1%
CSCO
US$77.59
Cisco Systems
7D
-5.2%
1Y
25.5%
VIAV
US$33.28
Viavi Solutions
7D
-7.4%
1Y
196.9%

VIAV: Data Center Euphoria Will Challenge Long Term Return Expectations

Analysts have lifted the blended price target on Viavi Solutions by about $3.71 to reflect stronger conviction around growth tied to the data center ecosystem, aerospace and defense demand, and early benefits from recent acquisitions. Analyst Commentary Research coverage around Viavi Solutions has been active, with several firms updating their views and price targets after recent conversations with management and sector events.
CIEN
US$388.23
Ciena
7D
-9.6%
1Y
530.9%
VISN
US$18.20
Vistance Networks
7D
0.3%
1Y
238.9%
FFIV
US$289.33
F5
7D
0.1%
1Y
7.7%

FFIV: AI Security Demand And New Integrations Will Support Balanced Outlook

Analyst price targets for F5 have moved higher by a double digit dollar amount, with the shift supported by broader Street research pointing to resilient demand for security platforms, as well as company specific upside highlighted by several firms raising their dollar based targets in recent weeks. Analyst Commentary Recent Street research around F5 clusters around two broad themes: the durability of demand for security platforms, and the potential for company specific execution to support higher valuation frameworks.
MSI
US$433.97
Motorola Solutions
7D
-4.6%
1Y
-0.5%
AAOI
US$84.59
Applied Optoelectronics
7D
-25.7%
1Y
460.6%

AAOI: Heavy Reliance On One Hyperscale Order Will Limit Future Upside

Analysts lifted their price target on Applied Optoelectronics from $15 to $54, reflecting updated views that stronger 400G and 800G demand, large 1.6T transceiver orders, and higher projected revenue growth and profit margins could justify a higher fair value and future P/E multiple. Analyst Commentary Recent research on Applied Optoelectronics highlights both strong interest in high speed optical products and a wide range of opinions on what that might mean for the stock.
KVHI
US$8.96
KVH Industries
7D
0.4%
1Y
73.0%
FKWL
US$3.81
Franklin Wireless
7D
4.1%
1Y
-35.3%
UI
US$790.29
Ubiquiti
7D
-5.3%
1Y
154.1%
PCLA
US$2.38
PicoCELA
7D
15.2%
1Y
-88.1%