The Communication Equipment industry today
How the Communication Equipment industry stands against its own history and against the 500 largest US companies. We do not say where it goes next.
Close of Friday 6 November 2026 · updated every trading day
21 US companies of $300 million or more · $630B in total
ValuationWe compare today's value with every month since 2006. The usual range holds the middle 40% of those months. The marks show the value 1 month, 1 year and 5 years ago.
Prices against profits, sales and dividends
Price to earnings (P/E)What this measures: the total market value of the companies divided by their total profit of the last 12 months. Companies that lose money count too.
How high are prices against profits?
Far higher than usual
High · higher than in 9 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Price to sales (P/S)What this measures: the total market value of the companies divided by their total sales of the last 12 months.
How high are prices against sales?
Far higher than usual
High · higher than in 9 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Dividend yieldWhat this measures: the dividends of the last 12 months divided by the total market value, in percent. A low yield goes with high prices.
How much do the companies pay in dividends for their price?
In the usual range
Normal · lower than in 6 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Returns
How did the industry do against the 500 largest US companies?
| Period | This industry | 500 largest | Difference |
|---|---|---|---|
| 1 month | −3.1% | −1.4% | 1.7 pts less |
| 1 year | +42.6% | +9.9% | 32.7 pts more |
| 5 years | +119.4% | +65.7% | 53.7 pts more |
Total returns with dividends, weighted by market value, to the close of October 2026. Past results do not show future results.
Largest companies
The three largest companies
- 01Cisco Systems, Inc.CSCO58.7% of the industry
- 02Motorola Solutions, Inc.MSI13.5% of the industry
- 03Lumentum Holdings Inc.LITE7.7% of the industry
Show all 10
- 04Ubiquiti Inc.UI5.7% of the industry
- 05Ciena CorporationCIEN5.5% of the industry
- 06Zebra Technologies CorporationZBRA2.4% of the industry
- 07Viasat, Inc.VSAT1.4% of the industry
- 08Viavi Solutions Inc.VIAV1.1% of the industry
- 09Applied Optoelectronics, Inc.AAOI0.7% of the industry
- 10Belden Inc.BDC0.6% of the industry
Map
Its companies among the 500 largest
The map shows the industry's companies among the 500 largest US companies: 5 of its 21 companies.
The typical companyThe median of the industry's US companies. We show a figure only when 5 or more companies have it.
The typical company in this industry
- Operating margin22 companies630.0%
- Sales growth over 1 year22 companies449.0%
- Return on invested capital15 companies1266.0%