Sector Alpha Week of 2026-08-04
20-quarter listed-company comparison

Communication Equipment Stocks

Communication Equipment: Cisco Systems, Inc. owns the largest revenue base; AST SpaceMobile, Inc. has the fastest current growth.

01 · the industry itself · before any single company

How has Communication Equipment moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 288% ahead of S&P 500. Earnings across its companies grew 16% on average over the last four reported quarters.

ASLEEP · 1y +89.0%~Price and the fundamentals both up11 of 31 companies ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS — · 21/31 >200d (+0) · 11/31 lead (+1) · EPS 20/31↑

20050020262025202420232022 866348 TRAILING 12-MONTH EPS · 100 AT THE START0100104Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reporting · thin coverageJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 18 reportingSep 2022 · trailing 12-month earnings per share at 101, against 100 at the start · no comparable year yet · 20 reportingDec 2022 · trailing 12-month earnings per share at 92, against 100 at the start · no comparable year yet · 22 reportingMar 2023 · trailing 12-month earnings per share at 94, against 100 at the start · up 13.2% on a year ago · 14 reportingJun 2023 · trailing 12-month earnings per share at 104, against 100 at the start · up 9.7% on a year ago · 18 reportingSep 2023 · trailing 12-month earnings per share at 94, against 100 at the start · up 16.5% on a year ago · 21 reportingDec 2023 · trailing 12-month earnings per share at 72, against 100 at the start · down 1.2% on a year ago · 19 reportingMar 2024 · trailing 12-month earnings per share at 54, against 100 at the start · down 35.9% on a year ago · 18 reportingJun 2024 · trailing 12-month earnings per share at 48, against 100 at the start · down 36.4% on a year ago · 18 reportingSep 2024 · trailing 12-month earnings per share at 45, against 100 at the start · down 30.1% on a year ago · 18 reportingDec 2024 · trailing 12-month earnings per share at 60, against 100 at the start · down 11.1% on a year ago · 18 reportingMar 2025 · trailing 12-month earnings per share at 54, against 100 at the start · up 21.4% on a year ago · 18 reportingJun 2025 · trailing 12-month earnings per share at 57, against 100 at the start · up 17.4% on a year ago · 18 reportingSep 2025 · trailing 12-month earnings per share at 62, against 100 at the start · up 35.0% on a year ago · 18 reportingDec 2025 · trailing 12-month earnings per share at 48, against 100 at the start · up 14.0% on a year ago · 18 reportingMar 2026 · trailing 12-month earnings per share at 54, against 100 at the start · up 10.9% on a year ago · 15 reportingJun 2026 · trailing 12-month earnings per share at 81, against 100 at the start · up 5.8% on a year ago · 6 reporting · thin coverageNot reported yet — earnings trail price by a quarter or two81No earnings on file this far back — the price series reaches further than the filings do
20050020262025202420232022 866348 TRAILING 12-MONTH EPS · 100 AT THE START0100104Jun 22Jun 23Jun 24Jun 25Jun 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reporting · thin coverageJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 18 reportingSep 2022 · trailing 12-month earnings per share at 101, against 100 at the start · no comparable year yet · 20 reportingDec 2022 · trailing 12-month earnings per share at 92, against 100 at the start · no comparable year yet · 22 reportingMar 2023 · trailing 12-month earnings per share at 94, against 100 at the start · up 13.2% on a year ago · 14 reportingJun 2023 · trailing 12-month earnings per share at 104, against 100 at the start · up 9.7% on a year ago · 18 reportingSep 2023 · trailing 12-month earnings per share at 94, against 100 at the start · up 16.5% on a year ago · 21 reportingDec 2023 · trailing 12-month earnings per share at 72, against 100 at the start · down 1.2% on a year ago · 19 reportingMar 2024 · trailing 12-month earnings per share at 54, against 100 at the start · down 35.9% on a year ago · 18 reportingJun 2024 · trailing 12-month earnings per share at 48, against 100 at the start · down 36.4% on a year ago · 18 reportingSep 2024 · trailing 12-month earnings per share at 45, against 100 at the start · down 30.1% on a year ago · 18 reportingDec 2024 · trailing 12-month earnings per share at 60, against 100 at the start · down 11.1% on a year ago · 18 reportingMar 2025 · trailing 12-month earnings per share at 54, against 100 at the start · up 21.4% on a year ago · 18 reportingJun 2025 · trailing 12-month earnings per share at 57, against 100 at the start · up 17.4% on a year ago · 18 reportingSep 2025 · trailing 12-month earnings per share at 62, against 100 at the start · up 35.0% on a year ago · 18 reportingDec 2025 · trailing 12-month earnings per share at 48, against 100 at the start · up 14.0% on a year ago · 18 reportingMar 2026 · trailing 12-month earnings per share at 54, against 100 at the start · up 10.9% on a year ago · 15 reportingJun 2026 · trailing 12-month earnings per share at 81, against 100 at the start · up 5.8% on a year ago · 6 reporting · thin coverageNot reported yet — earnings trail price by a quarter or two81No earnings on file this far back — the price series reaches further than the filings do
Communication Equipment, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 31 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is Communication Equipment outperforming S&P 500?

Communication Equipment has outperformed S&P 500 by 76.6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 1.2%. 15 of 29 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Silicom Ltd. is the strongest against the sector itself at +45.3%.

-1.2%Sector vs S&P 500 · 13 weeks
+76.6%Sector vs S&P 500 · 52 weeks
15/29Stocks leading S&P 500
13/29Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Communication Equipment has outperformed S&P 500 by 76.6% over 52 weeks and 1.2% over 13 weeks. 15 of 29 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 29 beat the sector itself. Cisco Systems, Inc. leads with revenue of $60,746 million, based on 23 of 29 comparable companies through Jun 2026.

Companies
29
complete canonical membership
Combined market value
$943.2B
Cisco Systems, Inc.
Revenue growing
19/23
positive TTM year-on-year growth
Beating S&P 500
15/29
positive Mansfield relative strength
Comparing 5 of 29
03 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Cisco Systems, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 85.3% evidence confidence.
BK Technologies Corporation looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Zebra Technologies Corporation has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Cisco Systems, Inc.CSCO 64.4/100Mixed-positive evidence85% evidence LEADER 19.0/35 Revenue 9.2% · PAT 22.1% · OPM change 2.4 pp 95% evidence 16.6/25 ROCE 4.6% · OPM 25% 76% evidence 12.7/20 P/E 29× · PEG 1.13 65% evidence 16.1/20 RS sector 4.9% · RS bench 27.3% · 1Y 69.6%12 of 12 weeks ahead 100% evidence
Exact sum: 19 + 16.6 + 12.7 + 16.1 = 64.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Hewlett Packard Enterprise CompanyHPE 64.4/100Mixed-positive evidence77% evidence LEADER 26.5/35 Revenue 22.6% · PAT 6.9% · OPM change 21.5 pp 71% evidence 12.1/25 ROCE 1.6% · OPM 7% 76% evidence 6.3/20 P/E 26.9× · PEG 3.33 65% evidence 19.5/20 RS sector 36.7% · RS bench 64.7% · 1Y 151.8%12 of 12 weeks ahead 100% evidence
Exact sum: 26.5 + 12.1 + 6.3 + 19.5 = 64.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Ubiquiti Inc.UI 62.6/100Mixed-positive evidence81% evidence ASLEEP 24.5/35 Revenue 33.4% · PAT 71.8% · OPM change 2.7 pp 83% evidence 21.9/25 ROCE 31.6% · OPM 36.9% 76% evidence 14.1/20 P/E 50.8× · PEG 0.6 65% evidence 2.1/20 RS sector -37.5% · RS bench -22.9% · 1Y 19.3%0 of 12 weeks ahead 100% evidence
Exact sum: 24.5 + 21.9 + 14.1 + 2.1 = 62.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -37.5% and the one-year return is 19.3%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
4Lumentum Holdings Inc.LITE 62.3/100Mixed-positive evidence64% evidence ASLEEP 25.7/35 Revenue 69.1% · PAT — · OPM change 30.5 pp 62% evidence 14.3/25 ROCE 5.1% · OPM 21.6% 76% evidence 9.0/20 P/E 130.1× · PEG — 15% evidence 13.3/20 RS sector 31.1% · RS bench 47.7% · 1Y 630.6%5 of 12 weeks ahead 100% evidence
Exact sum: 25.7 + 14.3 + 9 + 13.3 = 62.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Ciena CorporationCIEN 60.8/100Mixed-positive evidence85% evidence ASLEEP 30.7/35 Revenue 30.6% · PAT 100% · OPM change 12.2 pp 95% evidence 16.0/25 ROCE 5.1% · OPM 15.1% 76% evidence 3.7/20 P/E 178.4× · PEG 4.55 65% evidence 10.4/20 RS sector 4.6% · RS bench 20.1% · 1Y 332.5%4 of 12 weeks ahead 100% evidence
Exact sum: 30.7 + 16 + 3.7 + 10.4 = 60.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Zebra Technologies CorporationZBRA 56.0/100Thin evidence · provisional58% evidence BREAKING OUT 17.0/35 Revenue — · PAT — · OPM change 0.2 pp 45% evidence 14.1/25 ROCE 3.3% · OPM 14.4% 76% evidence 10.5/20 P/E 24.5× · PEG — 15% evidence 14.4/20 RS sector 0% · RS bench 27.2% · 1Y 16.1%7 of 12 weeks ahead 100% evidence
Exact sum: 17 + 14.1 + 10.5 + 14.4 = 56 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Harmonic Inc.HLIT 55.6/100Thin evidence · provisional52% evidence FADING 22.4/35 Revenue — · PAT — · OPM change 14 pp 45% evidence 13.7/25 ROCE 3.7% · OPM 16.8% 76% evidence 10.7/20 P/E 24× · PEG — 15% evidence 8.8/20 RS sector -16.7% · RS bench 2.4% · 1Y 38.8%9 of 12 weeks ahead 70% evidence
Exact sum: 22.4 + 13.7 + 10.7 + 8.8 = 55.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Extreme Networks, Inc.EXTR 53.4/100Mixed-positive evidence74% evidence LEADER 19.5/35 Revenue 14.9% · PAT — · OPM change 1.9 pp 62% evidence 11.6/25 ROCE 3% · OPM 5.5% 76% evidence 4.7/20 P/E 125.7× · PEG 3.38 65% evidence 17.6/20 RS sector 14.9% · RS bench 41.1% · 1Y 62.1%12 of 12 weeks ahead 100% evidence
Exact sum: 19.5 + 11.6 + 4.7 + 17.6 = 53.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Viasat, Inc.VSAT 52.3/100Mixed-positive evidence64% evidence LEADER 18.1/35 Revenue 2.7% · PAT — · OPM change 13.3 pp 62% evidence 6.7/25 ROCE 0% · OPM -0.1% 76% evidence 11.4/20 P/E 3.7× · PEG — 15% evidence 16.1/20 RS sector 34.9% · RS bench 59.4% · 1Y 236.3%12 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 6.7 + 11.4 + 16.1 = 52.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Digi International Inc.DGII 51.4/100Mixed-positive evidence81% evidence LEADER 14.2/35 Revenue 13.4% · PAT 2.4% · OPM change 0 pp 83% evidence 13.5/25 ROCE 2.2% · OPM 13.1% 76% evidence 7.5/20 P/E 42.7× · PEG 2.32 65% evidence 16.2/20 RS sector 9.5% · RS bench 31.6% · 1Y 126.5%12 of 12 weeks ahead 100% evidence
Exact sum: 14.2 + 13.5 + 7.5 + 16.2 = 51.4 · Decision use: Price leads the evidence: RS versus the benchmark is 31.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
11Silicom Ltd.SILC 51.1/100Thin evidence · provisional58% evidence FADING 18.0/35 Revenue 15.5% · PAT — · OPM change 7.6 pp 62% evidence 5.0/25 ROCE -2.2% · OPM -14.7% 76% evidence 11.1/20 P/E 12.5× · PEG — 15% evidence 17.0/20 RS sector 45.3% · RS bench 69.4% · 1Y 180.6%10 of 12 weeks ahead 70% evidence
Exact sum: 18 + 5 + 11.1 + 17 = 51.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Belden Inc.BDC 50.9/100Thin evidence · provisional58% evidence TURNING 17.1/35 Revenue — · PAT — · OPM change -0.4 pp 45% evidence 14.4/25 ROCE 3.5% · OPM 11.2% 76% evidence 10.9/20 P/E 19.4× · PEG — 15% evidence 8.5/20 RS sector -24.4% · RS bench -4.8% · 1Y 7.2%2 of 12 weeks ahead 100% evidence
Exact sum: 17.1 + 14.4 + 10.9 + 8.5 = 50.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Gilat Satellite Networks Ltd.GILT 50.4/100Mixed-positive evidence68% evidence ASLEEP 23.0/35 Revenue 46% · PAT -7.7% · OPM change 7 pp 62% evidence 9.6/25 ROCE 0.9% · OPM 4% 76% evidence 14.2/20 P/E 29.5× · PEG 0.77 65% evidence 3.6/20 RS sector -37.9% · RS bench -23.7% · 1Y 35.5%0 of 12 weeks ahead 70% evidence
Exact sum: 23 + 9.6 + 14.2 + 3.6 = 50.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -37.9% and the one-year return is 35.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
14BK Technologies CorporationBKTI 50.3/100Mixed-positive evidence75% evidence ASLEEP 14.8/35 Revenue 14.3% · PAT 40% · OPM change 0.1 pp 83% evidence 13.9/25 ROCE 6.8% · OPM 15.4% 76% evidence 15.8/20 P/E 20.9× · PEG 0.55 65% evidence 5.8/20 RS sector -25.6% · RS bench -8% · 1Y 100.8%0 of 12 weeks ahead 70% evidence
Exact sum: 14.8 + 13.9 + 15.8 + 5.8 = 50.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15Viavi Solutions Inc.VIAV 47.4/100Mixed-negative evidence71% evidence ASLEEP 16.6/35 Revenue 30.6% · PAT -1220% · OPM change 3.1 pp 83% evidence 10.0/25 ROCE 1.5% · OPM 6.1% 76% evidence 8.9/20 P/E 174.4× · PEG — 15% evidence 11.9/20 RS sector 13% · RS bench 29.1% · 1Y 268.9%6 of 12 weeks ahead 100% evidence
Exact sum: 16.6 + 10 + 8.9 + 11.9 = 47.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Motorola Solutions, Inc.MSI 47.0/100Thin evidence · provisional58% evidence TURNING 13.0/35 Revenue — · PAT — · OPM change -5.7 pp 45% evidence 15.8/25 ROCE 4.6% · OPM 19.3% 76% evidence 9.8/20 P/E 35.4× · PEG — 15% evidence 8.4/20 RS sector -25.6% · RS bench -6.5% · 1Y -2.3%1 of 12 weeks ahead 100% evidence
Exact sum: 13 + 15.8 + 9.8 + 8.4 = 47 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17Applied Optoelectronics, Inc.AAOI 46.8/100Mixed-negative evidence61% evidence ASLEEP 18.6/35 Revenue 64.6% · PAT — · OPM change 0.3 pp 62% evidence 4.8/25 ROCE -1.5% · OPM -8.6% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 13.4/20 RS sector 39.7% · RS bench 53.6% · 1Y 509.7%6 of 12 weeks ahead 100% evidence
Exact sum: 18.6 + 4.8 + 10 + 13.4 = 46.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Vistance Networks, Inc.VISN 46.7/100Mixed-negative evidence71% evidence TURNING 23.0/35 Revenue 36.3% · PAT 90.4% · OPM change 9.2 pp 83% evidence 7.9/25 ROCE 0.4% · OPM 5% 76% evidence 11.5/20 P/E 0.6× · PEG — 15% evidence 4.3/20 RS sector -45.1% · RS bench -30.3% · 1Y -19.8%0 of 12 weeks ahead 100% evidence
Exact sum: 23 + 7.9 + 11.5 + 4.3 = 46.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -45.1% and the one-year return is -19.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
19AST SpaceMobile, Inc.ASTS 43.2/100Thin evidence · provisional57% evidence ASLEEP 24.7/35 Revenue 100% · PAT — · OPM change 7755.2 pp 62% evidence 5.3/25 ROCE -4.2% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 3.2/20 RS sector -32.4% · RS bench -17.3% · 1Y 50.8%2 of 12 weeks ahead 100% evidence
Exact sum: 24.7 + 5.3 + 10 + 3.2 = 43.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
20Ondas Inc.ONDS 42.3/100Mixed-negative evidence64% evidence ASLEEP 25.7/35 Revenue 100% · PAT — · OPM change 157.6 pp 62% evidence 3.7/25 ROCE -3.6% · OPM -85.1% 76% evidence 9.1/20 P/E 129.1× · PEG — 15% evidence 3.8/20 RS sector -25.8% · RS bench -9% · 1Y 149.6%1 of 12 weeks ahead 100% evidence
Exact sum: 25.7 + 3.7 + 9.1 + 3.8 = 42.3 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -25.8% and the one-year return is 149.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
21Nokia OyjNOK 42.3/100Thin evidence · provisional58% evidence FADING 16.6/35 Revenue — · PAT — · OPM change 1.9 pp 45% evidence 8.9/25 ROCE -0.2% · OPM 1.4% 76% evidence 9.3/20 P/E 89.5× · PEG — 15% evidence 7.5/20 RS sector -7.6% · RS bench 8.4% · 1Y 142%8 of 12 weeks ahead 100% evidence
Exact sum: 16.6 + 8.9 + 9.3 + 7.5 = 42.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22Lantronix, Inc.LTRX 40.8/100Thin evidence · provisional55% evidence ASLEEP 17.7/35 Revenue -16.8% · PAT — · OPM change 8.9 pp 62% evidence 5.5/25 ROCE -1.2% · OPM -3.7% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 7.6/20 RS sector -20.3% · RS bench -2.2% · 1Y 104%4 of 12 weeks ahead 70% evidence
Exact sum: 17.7 + 5.5 + 10 + 7.6 = 40.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
23Telesat CorporationTSAT 40.5/100Mixed-negative evidence64% evidence ASLEEP 8.0/35 Revenue -27.5% · PAT — · OPM change -21.7 pp 62% evidence 6.0/25 ROCE -1.6% · OPM 2% 76% evidence 11.3/20 P/E 5.3× · PEG — 15% evidence 15.2/20 RS sector 18.6% · RS bench 41.7% · 1Y 160.6%5 of 12 weeks ahead 100% evidence
Exact sum: 8 + 6 + 11.3 + 15.2 = 40.5 · Decision use: Price leads the evidence: RS versus the benchmark is 41.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
24Frequency Electronics, Inc.FEIM 40.1/100Thin evidence · provisional52% evidence TURNING 10.5/35 Revenue — · PAT — · OPM change -10.8 pp 45% evidence 5.9/25 ROCE -9.1% · OPM 7.5% 76% evidence 9.5/20 P/E 71.1× · PEG — 15% evidence 14.2/20 RS sector 9.2% · RS bench 30.5% · 1Y 138.2%10 of 12 weeks ahead 70% evidence
Exact sum: 10.5 + 5.9 + 9.5 + 14.2 = 40.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
25AudioCodes Ltd.AUDC 39.6/100Mixed-negative evidence75% evidence TURNING 10.1/35 Revenue 2.5% · PAT -61.1% · OPM change -0.6 pp 83% evidence 10.9/25 ROCE 1.4% · OPM 5.4% 76% evidence 10.7/20 P/E 33.6× · PEG 1.38 65% evidence 7.9/20 RS sector -20.5% · RS bench -0.2% · 1Y 1.9%5 of 12 weeks ahead 70% evidence
Exact sum: 10.1 + 10.9 + 10.7 + 7.9 = 39.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26ADTRAN Holdings, Inc.ADTN 39.6/100Thin evidence · provisional58% evidence ASLEEP 20.0/35 Revenue 18.7% · PAT — · OPM change 3.8 pp 62% evidence 7.7/25 ROCE 0.7% · OPM 2.2% 76% evidence 8.6/20 P/E 469× · PEG — 15% evidence 3.3/20 RS sector -40.7% · RS bench -28.4% · 1Y 2%5 of 12 weeks ahead 70% evidence
Exact sum: 20 + 7.7 + 8.6 + 3.3 = 39.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
27Clearfield, Inc.CLFD 36.0/100Mixed-negative evidence75% evidence ASLEEP 13.1/35 Revenue -18.6% · PAT 100% · OPM change -10.1 pp 83% evidence 7.1/25 ROCE -0.8% · OPM -6% 76% evidence 10.3/20 P/E 4341× · PEG 1.17 65% evidence 5.5/20 RS sector -25.8% · RS bench -7.6% · 1Y 2.9%8 of 12 weeks ahead 70% evidence
Exact sum: 13.1 + 7.1 + 10.3 + 5.5 = 36 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
28NETGEAR, Inc.NTGR 33.6/100Adverse evidence64% evidence ASLEEP 12.0/35 Revenue 3.9% · PAT -200% · OPM change -0.7 pp 62% evidence 4.5/25 ROCE -2.4% · OPM -8.6% 76% evidence 11.0/20 P/E 13.1× · PEG — 15% evidence 6.1/20 RS sector -31.6% · RS bench -13.1% · 1Y -2.3%3 of 12 weeks ahead 100% evidence
Exact sum: 12 + 4.5 + 11 + 6.1 = 33.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
29Aviat Networks, Inc.AVNW 33.6/100Thin evidence · provisional58% evidence TURNING 9.6/35 Revenue -0.7% · PAT — · OPM change -7.4 pp 62% evidence 9.0/25 ROCE 0.3% · OPM 0.9% 76% evidence 10.1/20 P/E 33.2× · PEG — 15% evidence 4.9/20 RS sector -30.8% · RS bench -12.6% · 1Y -1.8%1 of 12 weeks ahead 70% evidence
Exact sum: 9.6 + 9 + 10.1 + 4.9 = 33.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 29 companies
04 · what price has already done

Market action

Lumentum Holdings Inc. has the strongest one-year price move in Communication Equipment at +630.6%. Silicom Ltd. leads on Mansfield relative strength against the S&P 500 at +69.4%. 15 of 29 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Revenue Scale & Growth Durability

Cisco Systems, Inc. has the highest Revenue among the 29 Communication Equipment companies compared here, at $60,746 million. Hewlett Packard Enterprise Company is next at $38,794 million. AST SpaceMobile, Inc. has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Cisco Systems, Inc. is the scale leader at $60,746 million, 56.6% ahead of Hewlett Packard Enterprise Company. AST SpaceMobile, Inc.'s growth is stored at the ≥100% scoring cap; the uncapped TTM change is 1600% from a $85 million base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderCisco Systems, Inc. · $60,746 million
Gap56.6% versus #2 · Hewlett Packard Enterprise Company
Persistence6/8 recent comparable periods
Coverage23/29 companies · 537 observations

Investor read: Cisco Systems, Inc. is the scale benchmark; AST SpaceMobile, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Cisco Systems, Inc.'s growth falls below AST SpaceMobile, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Cisco Systems, Inc. CSCO$60.7B
2Hewlett Packard Enterprise Company HPE$38.8B
3Ciena Corporation CIEN$5.6B
4Viasat, Inc. VSAT$4.6B
5Vistance Networks, Inc. VISN$4.0B
Revenue growthfastest growers
1AST SpaceMobile, Inc. ASTS100%
2Ondas Inc. ONDS100%
3Lumentum Holdings Inc. LITE69%
4Applied Optoelectronics, Inc. AAOI65%
5Gilat Satellite Networks Ltd. GILT46%
Revenue · company comparison
23/29 level · 23/29 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Cisco Systems, Inc. CSCO$15.8B12%Jun 2026
Hewlett Packard Enterprise Company HPE$10.7B40%Jun 2026
Nokia Oyj NOK$4.5B2.4%Jun 2026
Motorola Solutions, Inc. MSI$2.7B-1.8%Jun 2026
Ciena Corporation CIEN$1.6B40%Jun 2026
Zebra Technologies Corporation ZBRA$1.5B16%Jun 2026
Viasat, Inc. VSAT$1.2B2.1%Mar 2026
Lumentum Holdings Inc. LITE$808M90%Mar 2026
Ubiquiti Inc. UI$788M19%Mar 2026
Belden Inc. BDC$696M11%Jun 2026
Vistance Networks, Inc. VISN$472M22%Mar 2026
Viavi Solutions Inc. VIAV$407M43%Mar 2026
Extreme Networks, Inc. EXTR$317M11%Mar 2026
ADTRAN Holdings, Inc. ADTN$286M15%Mar 2026
NETGEAR, Inc. NTGR$159M-1.9%Mar 2026
Applied Optoelectronics, Inc. AAOI$151M51%Mar 2026
Digi International Inc. DGII$131M25%Mar 2026
Harmonic Inc. HLIT$122M-12%Jun 2026
Gilat Satellite Networks Ltd. GILT$110M20%Mar 2026
Aviat Networks, Inc. AVNW$100M-12%Mar 2026
Telesat Corporation TSAT$87M-26%Mar 2026
AudioCodes Ltd. AUDC$62M3.3%Mar 2026
Ondas Inc. ONDS$50M1,150%Mar 2026
Clearfield, Inc. CLFD$34M-17%Mar 2026
Lantronix, Inc. LTRX$30M3.5%Mar 2026
BK Technologies Corporation BKTI$21M11%Mar 2026
Silicom Ltd. SILC$19M36%Mar 2026
Frequency Electronics, Inc. FEIM$17M-11%Jun 2026
AST SpaceMobile, Inc. ASTS$15M1,400%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Applied Optoelectronics, Inc. · AAOI

$53M
$54M
$52M
$52M
$57M
$62M
$53M
$42M
$63M
$60M
$41M
$43M
$65M
$100M
$100M
$103M
$119M
$134M
$151M
—

AST SpaceMobile, Inc. · ASTS

$2M
$6M
$2M
$7M
$4M
$0M
—
—
—
—
$1M
$1M
$1M
$2M
$1M
$1M
$15M
$54M
$15M
—

Ciena Corporation · CIEN

$988M
$1.0B
$844M
$949M
$868M
$971M
$1.1B
$1.1B
$1.1B
$1.1B
$1.0B
$911M
$942M
$1.1B
$1.1B
$1.1B
$1.2B
$1.4B
$1.4B
$1.6B

Cisco Systems, Inc. · CSCO

$13.1B
$12.9B
$12.7B
$12.8B
$13.1B
$13.6B
$13.6B
$14.6B
$15.2B
$14.7B
$12.8B
$12.7B
$13.6B
$13.8B
$14.0B
$14.1B
$14.7B
$14.9B
$15.3B
$15.8B

Hewlett Packard Enterprise Company · HPE

$6.9B
$7.4B
$7.0B
$6.7B
$7.0B
$7.9B
$7.8B
$7.0B
$7.0B
$7.4B
$6.8B
$7.2B
$7.7B
$8.5B
$7.9B
$7.6B
$9.1B
$9.7B
$9.3B
$10.7B

Lumentum Holdings Inc. · LITE

$392M
$448M
$447M
$395M
$422M
$507M
—
$383M
$371M
$367M
$367M
$308M
$337M
$402M
$425M
$481M
$534M
$666M
$808M
—

Motorola Solutions, Inc. · MSI

$2.0B
$2.1B
—
$1.9B
$2.1B
$2.4B
—
$2.2B
$2.4B
$2.8B
$2.4B
$2.6B
$2.8B
$3.0B
$2.5B
$2.8B
$3.0B
$3.4B
—
$2.7B

Nokia Oyj · NOK

$5.4B
$6.4B
$5.3B
$5.9B
$6.2B
$7.4B
$5.9B
$5.4B
$4.7B
$5.4B
$4.4B
$4.5B
$4.3B
$6.0B
$4.4B
$4.5B
$4.8B
$6.1B
$4.5B
—

Ubiquiti Inc. · UI

$459M
$432M
$358M
$443M
$498M
$494M
$458M
$491M
$463M
$465M
$493M
$507M
$550M
$600M
$664M
$759M
$734M
$815M
$788M
—

Viasat, Inc. · VSAT

$609M
$625M
$607M
$575M
$664M
$651M
$666M
$780M
$1.2B
$1.1B
$1.2B
$1.1B
$1.1B
$1.1B
$1.1B
$1.2B
$1.1B
$1.2B
$1.2B
—

Viavi Solutions Inc. · VIAV

$311M
$327M
$315M
$316M
$335M
$310M
—
$248M
$264M
$255M
$246M
$252M
$238M
$271M
$285M
$291M
$299M
$369M
$407M
—

Zebra Technologies Corporation · ZBRA

$1.4B
$1.4B
—
$1.4B
$1.5B
$1.4B
—
$1.4B
$1.2B
$1.0B
$1.2B
$1.2B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.5B
—
$1.5B

Revenue growth · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Applied Optoelectronics, Inc. · AAOI

—
—
—
-3.7%
7.6%
15%
1.9%
-19%
11%
-3.2%
-23%
2.4%
3.2%
67%
144%
140%
83%
34%
51%
—

AST SpaceMobile, Inc. · ASTS

—
—
—
133%
100%
-100%
—
—
—
—
—
—
—
—
0.0%
0.0%
1,400%
2,600%
1,400%
—

Ciena Corporation · CIEN

—
—
—
—
-12%
-6.7%
25%
19%
23%
16%
-1.8%
-20%
-12%
-0.4%
3.3%
24%
29%
20%
33%
40%

Cisco Systems, Inc. · CSCO

—
—
—
—
-0.2%
5.7%
6.9%
14%
16%
7.6%
-5.9%
-13%
-10%
-5.6%
9.4%
11%
7.6%
7.5%
9.7%
12%

Hewlett Packard Enterprise Company · HPE

—
—
—
—
0.8%
7.0%
12%
3.9%
0.7%
-6.6%
-14%
3.3%
10%
15%
16%
5.9%
19%
14%
18%
40%

Lumentum Holdings Inc. · LITE

—
—
—
—
7.7%
13%
—
-3.0%
-12%
-28%
—
-20%
-9.2%
9.5%
16%
56%
58%
66%
90%
—

Motorola Solutions, Inc. · MSI

—
—
—
—
8.6%
13%
—
15%
12%
20%
—
21%
16%
5.7%
5.8%
5.2%
7.9%
12%
—
-1.8%

Nokia Oyj · NOK

—
—
—
11%
16%
16%
9.6%
-7.4%
-25%
-27%
-24%
-18%
-8.1%
10%
-1.2%
1.8%
12%
2.4%
2.4%
—

Ubiquiti Inc. · UI

—
—
—
-7.3%
8.5%
14%
28%
11%
-7.0%
-5.9%
7.6%
3.3%
19%
29%
35%
50%
33%
36%
19%
—

Viasat, Inc. · VSAT

—
—
—
-14%
9.0%
4.2%
9.7%
36%
84%
73%
73%
44%
-8.4%
-0.4%
-0.3%
4.0%
1.7%
2.9%
2.1%
—

Viavi Solutions Inc. · VIAV

—
—
—
—
7.7%
-5.2%
—
-22%
-21%
-18%
—
1.6%
-9.9%
6.3%
16%
15%
26%
36%
43%
—

Zebra Technologies Corporation · ZBRA

—
—
—
—
6.6%
-4.0%
—
-1.9%
-17%
-27%
—
-13%
3.4%
32%
11%
6.2%
5.2%
11%
—
16%
06 · compare level, then change

Operating Economics & Margin Trend

Ubiquiti Inc. has the highest OPM among the 29 Communication Equipment companies compared here, at 36.9%. Cisco Systems, Inc. is next at 25%. AST SpaceMobile, Inc. has the highest Margin change at +7755.2 percentage points, so level and change sit with different companies. 28 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ubiquiti Inc. leads opm at 36.9%; AST SpaceMobile, Inc. leads margin change at +7755.2 percentage points.

LeaderUbiquiti Inc. · 36.9%
Gap47.6% versus #2 · Cisco Systems, Inc.
Persistence7/8 recent comparable periods
Coverage28/29 companies · 521 observations

Investor read: Ubiquiti Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Ubiquiti Inc. UI37%
2Cisco Systems, Inc. CSCO25%
3Lumentum Holdings Inc. LITE22%
4Motorola Solutions, Inc. MSI19%
5Harmonic Inc. HLIT17%
Margin changefastest expanders
1AST SpaceMobile, Inc. ASTS+7,755.2 pp
2Ondas Inc. ONDS+157.6 pp
3Lumentum Holdings Inc. LITE+30.5 pp
4Hewlett Packard Enterprise Company HPE+21.5 pp
5Harmonic Inc. HLIT+14.0 pp
Operating margin · company comparison
28/29 level · 29/29 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Ubiquiti Inc. UI37%+2.7 ppMar 2026
Cisco Systems, Inc. CSCO25%+2.4 ppJun 2026
Lumentum Holdings Inc. LITE22%+30.5 ppMar 2026
Motorola Solutions, Inc. MSI19%−5.7 ppJun 2026
Harmonic Inc. HLIT17%+14.0 ppJun 2026
BK Technologies Corporation BKTI15%+0.1 ppMar 2026
Ciena Corporation CIEN15%+12.2 ppJun 2026
Zebra Technologies Corporation ZBRA14%+0.2 ppJun 2026
Digi International Inc. DGII13%0.0 ppMar 2026
Belden Inc. BDC11%−0.4 ppJun 2026
Frequency Electronics, Inc. FEIM7.5%−10.8 ppJun 2026
Hewlett Packard Enterprise Company HPE7.0%+21.5 ppJun 2026
Viavi Solutions Inc. VIAV6.1%+3.1 ppMar 2026
Extreme Networks, Inc. EXTR5.5%+1.9 ppMar 2026
AudioCodes Ltd. AUDC5.4%−0.6 ppMar 2026
Vistance Networks, Inc. VISN5.0%+9.2 ppMar 2026
Gilat Satellite Networks Ltd. GILT4.0%+7.0 ppMar 2026
ADTRAN Holdings, Inc. ADTN2.2%+3.8 ppMar 2026
Telesat Corporation TSAT2.0%−21.7 ppMar 2026
Nokia Oyj NOK1.4%+1.9 ppJun 2026
Aviat Networks, Inc. AVNW0.9%−7.4 ppMar 2026
Viasat, Inc. VSAT-0.1%+13.3 ppMar 2026
Lantronix, Inc. LTRX-3.7%+8.9 ppMar 2026
Clearfield, Inc. CLFD-6.0%−10.1 ppMar 2026
Applied Optoelectronics, Inc. AAOI-8.6%+0.3 ppMar 2026
NETGEAR, Inc. NTGR-8.6%−0.7 ppMar 2026
Silicom Ltd. SILC-15%+7.6 ppMar 2026
AST SpaceMobile, Inc. ASTS-79%+7,755.2 ppMar 2026
Ondas Inc. ONDS-85%+157.6 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Applied Optoelectronics, Inc. · AAOI

-29%
-25%
-27%
-25%
-24%
-30%
-27%
-38%
-11%
-7.5%
-53%
-61%
-25%
-6.5%
-8.9%
-16%
-15%
-8.6%
-8.6%
—

AST SpaceMobile, Inc. · ASTS

-929%
-458%
—
-418%
-971%
—
—
—
—
—
—
—
—
—
—
—
-541%
-79%
—
—

Ciena Corporation · CIEN

15%
13%
7.1%
6.2%
3.1%
8.0%
8.1%
9.1%
7.3%
8.1%
8.2%
-0.4%
2.8%
5.3%
7.5%
2.9%
6.0%
0.8%
13%
15%

Cisco Systems, Inc. · CSCO

27%
27%
27%
28%
26%
26%
24%
27%
28%
29%
24%
17%
19%
17%
22%
23%
21%
23%
25%
25%

Hewlett Packard Enterprise Company · HPE

4.1%
4.8%
6.4%
3.1%
6.7%
7.2%
7.6%
7.5%
6.7%
6.8%
7.8%
5.9%
7.1%
8.2%
5.5%
-15%
2.7%
2.6%
5.1%
7.0%

Lumentum Holdings Inc. · LITE

12%
26%
19%
12%
13%
2.7%
—
-13%
-15%
-29%
-31%
-43%
-25%
-13%
-8.9%
-1.7%
1.3%
9.7%
22%
—

Motorola Solutions, Inc. · MSI

19%
21%
—
13%
17%
16%
—
18%
22%
26%
22%
25%
26%
27%
23%
25%
26%
28%
—
19%

Nokia Oyj · NOK

9.3%
12%
6.6%
9.6%
8.3%
12%
7.3%
8.6%
5.0%
9.9%
9.1%
9.7%
6.4%
14%
-0.5%
1.8%
5.0%
8.8%
1.4%
—

Ubiquiti Inc. · UI

35%
29%
18%
25%
25%
29%
29%
29%
28%
26%
23%
27%
31%
30%
34%
34%
36%
36%
37%
—

Viasat, Inc. · VSAT

-4.0%
-4.6%
-8.0%
-9.8%
0.7%
-4.8%
-11%
-5.3%
-66%
-3.9%
0.0%
5.3%
-2.2%
1.9%
-13%
4.0%
3.1%
2.3%
-0.1%
—

Viavi Solutions Inc. · VIAV

11%
14%
16%
13%
14%
16%
—
-0.8%
4.5%
8.8%
-4.8%
-2.3%
4.8%
8.2%
3.0%
5.3%
2.5%
3.1%
6.1%
—

Zebra Technologies Corporation · ZBRA

18%
17%
—
15%
-9.9%
15%
—
16%
16%
7.3%
14%
14%
15%
17%
15%
14%
14%
9.4%
—
14%

Margin change · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Applied Optoelectronics, Inc. · AAOI

—
—
—
+0.5 pp
+5.2 pp
−4.8 pp
+0.6 pp
−13.7 pp
+13.1 pp
+22.3 pp
−26.5 pp
−22.3 pp
−14.7 pp
+1.0 pp
+44.3 pp
+45.2 pp
+10.1 pp
−2.1 pp
+0.3 pp
—

AST SpaceMobile, Inc. · ASTS

—
—
—
+427.4 pp
−42.0 pp
—
—
—
—
—
—
—
—
—
+2,330.8 pp
+701.9 pp
+5,418.1 pp
+2,982.8 pp
+7,755.2 pp
—

Ciena Corporation · CIEN

—
—
—
—
−11.9 pp
−5.2 pp
+1.0 pp
+2.9 pp
+4.2 pp
+0.1 pp
+0.1 pp
−9.5 pp
−4.5 pp
−2.8 pp
−0.7 pp
+3.3 pp
+3.2 pp
−4.5 pp
+5.8 pp
+12.2 pp

Cisco Systems, Inc. · CSCO

—
—
—
—
−1.0 pp
−0.7 pp
−3.2 pp
−1.0 pp
+1.8 pp
+3.2 pp
0.0 pp
−9.9 pp
−8.8 pp
−12.2 pp
−1.9 pp
+5.4 pp
+1.8 pp
+5.6 pp
+2.3 pp
+2.4 pp

Hewlett Packard Enterprise Company · HPE

—
—
—
—
+2.6 pp
+2.4 pp
+1.2 pp
+4.4 pp
0.0 pp
−0.4 pp
+0.2 pp
−1.6 pp
+0.4 pp
+1.4 pp
−2.3 pp
−20.4 pp
−4.4 pp
−5.6 pp
−0.4 pp
+21.5 pp

Lumentum Holdings Inc. · LITE

—
—
—
—
+1.4 pp
−23.1 pp
—
−25.2 pp
−28.2 pp
−31.4 pp
—
−29.9 pp
−9.4 pp
+15.9 pp
+22.4 pp
+41.6 pp
+25.8 pp
+22.5 pp
+30.5 pp
—

Motorola Solutions, Inc. · MSI

—
—
—
—
−2.1 pp
−5.7 pp
—
+5.8 pp
+4.9 pp
+10.2 pp
—
+6.1 pp
+3.9 pp
+1.1 pp
+1.3 pp
+0.5 pp
+0.1 pp
+0.9 pp
—
−5.7 pp

Nokia Oyj · NOK

—
—
—
+0.5 pp
−1.0 pp
+0.3 pp
+0.7 pp
−1.0 pp
−3.3 pp
−1.9 pp
+1.8 pp
+1.1 pp
+1.4 pp
+4.5 pp
−9.6 pp
−7.9 pp
−1.4 pp
−5.6 pp
+1.9 pp
—

Ubiquiti Inc. · UI

—
—
—
−12.9 pp
−10.7 pp
+0.3 pp
+11.7 pp
+3.9 pp
+3.2 pp
−3.4 pp
−6.6 pp
−2.0 pp
+3.0 pp
+3.8 pp
+11.6 pp
+7.1 pp
+5.0 pp
+6.1 pp
+2.7 pp
—

Viasat, Inc. · VSAT

—
—
—
−12.3 pp
+4.7 pp
−0.2 pp
−2.9 pp
+4.5 pp
−66.4 pp
+0.9 pp
+10.9 pp
+10.6 pp
+63.5 pp
+5.8 pp
−13.4 pp
−1.3 pp
+5.3 pp
+0.4 pp
+13.3 pp
—

Viavi Solutions Inc. · VIAV

—
—
—
—
+3.8 pp
+1.7 pp
—
−13.7 pp
−9.8 pp
−7.3 pp
—
−1.5 pp
+0.3 pp
−0.6 pp
+7.8 pp
+7.6 pp
−2.3 pp
−5.1 pp
+3.1 pp
—

Zebra Technologies Corporation · ZBRA

—
—
—
—
−27.8 pp
−1.8 pp
—
+1.2 pp
+25.9 pp
−7.4 pp
—
−2.3 pp
−0.8 pp
+9.6 pp
+1.4 pp
+0.5 pp
−1.3 pp
−7.5 pp
—
+0.2 pp
07 · compare level, then change

Profit Scale & Acceleration

Cisco Systems, Inc. has the highest Net profit among the 29 Communication Equipment companies compared here, at $11,958 million. Hewlett Packard Enterprise Company is next at $1,556 million. Ciena Corporation has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Cisco Systems, Inc. leads with $11,958 million of TTM profit, 668.5% above Hewlett Packard Enterprise Company. Ciena Corporation shows ≥100% on the scoring scale (316.2% uncapped) growth from a $437 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCisco Systems, Inc. · $11,958 million
Gap668.5% versus #2 · Hewlett Packard Enterprise Company
Persistence5/8 recent comparable periods
Coverage23/29 companies · 541 observations

Investor read: Cisco Systems, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Cisco Systems, Inc. CSCO$12.0B
2Hewlett Packard Enterprise Company HPE$1.6B
3Ubiquiti Inc. UI$943M
4Lumentum Holdings Inc. LITE$439M
5Ciena Corporation CIEN$437M
Profit growthfastest growers
1Ciena Corporation CIEN100%
2Clearfield, Inc. CLFD100%
3Vistance Networks, Inc. VISN90%
4Ubiquiti Inc. UI72%
5BK Technologies Corporation BKTI40%
Net profit · company comparison
23/29 level · 9/29 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Cisco Systems, Inc. CSCO$3.4B35%Jun 2026
Hewlett Packard Enterprise Company HPE$624M-28%Jun 2026
Motorola Solutions, Inc. MSI$368M-29%Jun 2026
Ondas Inc. ONDS$361M—Mar 2026
Ubiquiti Inc. UI$234M30%Mar 2026
Vistance Networks, Inc. VISN$232M-32%Mar 2026
Ciena Corporation CIEN$218M2,322%Jun 2026
Lumentum Holdings Inc. LITE$144M-271%Mar 2026
Zebra Technologies Corporation ZBRA$135M21%Jun 2026
Nokia Oyj NOK$87M-28%Jun 2026
Viasat, Inc. VSAT$66M-108%Mar 2026
Belden Inc. BDC$51M-1.9%Jun 2026
Extreme Networks, Inc. EXTR$11M267%Mar 2026
Digi International Inc. DGII$11M10%Mar 2026
Harmonic Inc. HLIT$10M233%Jun 2026
Viavi Solutions Inc. VIAV$6M-70%Mar 2026
Gilat Satellite Networks Ltd. GILT$6M0.0%Mar 2026
BK Technologies Corporation BKTI$3M50%Mar 2026
Frequency Electronics, Inc. FEIM$2M-87%Jun 2026
AudioCodes Ltd. AUDC$2M-50%Mar 2026
ADTRAN Holdings, Inc. ADTN$1M-414%Mar 2026
Clearfield, Inc. CLFD$-1M-133%Mar 2026
Lantronix, Inc. LTRX$-1M-167%Mar 2026
Aviat Networks, Inc. AVNW$-2M-150%Mar 2026
Silicom Ltd. SILC$-2M-400%Mar 2026
NETGEAR, Inc. NTGR$-13M-106%Mar 2026
Applied Optoelectronics, Inc. AAOI$-14M—Mar 2026
Telesat Corporation TSAT$-45M-294%Mar 2026
AST SpaceMobile, Inc. ASTS$-250M-288%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Applied Optoelectronics, Inc. · AAOI

$-16M
$-15M
$-16M
$-14M
$-16M
$-20M
$-16M
$-17M
$-9M
$-14M
$-23M
$-26M
$-18M
$-120M
$-9M
$-9M
$-18M
$-2M
$-14M
—

AST SpaceMobile, Inc. · ASTS

$17M
$-13M
$-38M
$-8M
$-32M
$-25M
$-45M
$-50M
$-51M
$-77M
$-40M
$-131M
$-303M
$-52M
$-64M
$-136M
$-164M
$-98M
$-250M
—

Ciena Corporation · CIEN

$238M
$103M
$46M
$39M
$11M
$58M
$76M
$58M
$30M
$91M
$50M
$-17M
$14M
$37M
$45M
$9M
$50M
$19M
$150M
$218M

Cisco Systems, Inc. · CSCO

$3.0B
$3.0B
$3.0B
$3.0B
$2.8B
$2.7B
$2.8B
$3.2B
$4.0B
$3.6B
$2.6B
$1.9B
$2.2B
$2.7B
$2.4B
$2.5B
$2.6B
$2.9B
$3.2B
$3.4B

Hewlett Packard Enterprise Company · HPE

$392M
$2.6B
$513M
$250M
$409M
$-304M
$501M
$418M
$464M
$549M
$387M
$314M
$512M
$1.4B
$627M
$-1.1B
$305M
$175M
$452M
$624M

Lumentum Holdings Inc. · LITE

$22M
$82M
$57M
$26M
$35M
$0M
—
$-39M
$-60M
$-99M
$-127M
$-253M
$-82M
$-61M
$-44M
$213M
$4M
$78M
$144M
—

Motorola Solutions, Inc. · MSI

$294M
$308M
—
$268M
$229M
$280M
—
$279M
$373M
$597M
$-38M
$445M
$563M
$612M
$432M
$515M
$564M
$650M
—
$368M

Nokia Oyj · NOK

$350M
$682M
$177M
$467M
$417M
$3.2B
$290M
$287M
$130M
$-51M
$451M
$370M
$145M
$746M
$-60M
$83M
$80M
$534M
$87M
—

Ubiquiti Inc. · UI

$132M
$104M
$50M
$93M
$93M
$112M
$99M
$104M
$88M
$82M
$76M
$104M
$128M
$137M
$180M
$267M
$208M
$234M
$234M
—

Viasat, Inc. · VSAT

$5M
$-4M
$-22M
$-21M
$-48M
$-40M
$1.2B
$-77M
$-766M
$-119M
$-96M
$-22M
$-122M
$-147M
$-241M
$-48M
$-52M
$37M
$66M
—

Viavi Solutions Inc. · VIAV

$3M
$-55M
$35M
$19M
$17M
$33M
—
$-15M
$0M
$11M
$-25M
$-22M
$-2M
$9M
$20M
$7M
$-21M
$-48M
$6M
—

Zebra Technologies Corporation · ZBRA

$219M
$199M
—
$205M
$-98M
$170M
—
$150M
$144M
$17M
$115M
$113M
$137M
$163M
$136M
$112M
$101M
$70M
—
$135M

Profit growth · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AST SpaceMobile, Inc. · ASTS

—
—
—
—
-288%
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—

Belden Inc. · BDC

—
—
—
—
31%
136%
—
43%
17%
-31%
—
-22%
-22%
-19%
41%
24%
5.6%
17%
-1.9%
—

Ciena Corporation · CIEN

—
—
—
—
-95%
-44%
65%
49%
173%
57%
-34%
-129%
-53%
-59%
-10%
—
257%
-49%
233%
2,322%

Cisco Systems, Inc. · CSCO

—
—
—
—
-6.5%
-10%
-6.7%
5.5%
41%
36%
-5.0%
-41%
-45%
-25%
-7.8%
32%
18%
5.5%
31%
35%

Hewlett Packard Enterprise Company · HPE

—
—
—
—
4.3%
-112%
-2.3%
67%
13%
—
-23%
-25%
10%
149%
62%
-434%
-40%
-87%
-28%
—

Lumentum Holdings Inc. · LITE

—
—
—
—
59%
-100%
—
-250%
-271%
—
—
—
—
—
—
—
—
—
—
—

Motorola Solutions, Inc. · MSI

—
—
—
—
-22%
-9.1%
—
4.1%
63%
113%
—
60%
51%
2.5%
—
16%
0.2%
6.2%
—
-29%

Nokia Oyj · NOK

—
—
—
33%
19%
362%
64%
-39%
-69%
-102%
56%
29%
12%
—
-113%
-78%
-45%
-28%
—
—

Ubiquiti Inc. · UI

—
—
—
-40%
-30%
7.7%
98%
12%
-5.4%
-27%
-23%
0.0%
45%
67%
137%
157%
63%
71%
30%
—

Viasat, Inc. · VSAT

—
—
—
-217%
-1,060%
—
—
—
—
—
-108%
—
—
—
—
—
—
—
—
—

Viavi Solutions Inc. · VIAV

—
—
—
—
467%
—
—
-179%
-100%
-67%
—
—
—
-18%
—
—
—
-633%
-70%
—

Zebra Technologies Corporation · ZBRA

—
—
—
—
-145%
-15%
—
-27%
—
-90%
—
-25%
-4.9%
859%
18%
-0.9%
-26%
-57%
—
21%
08 · compare level, then change

Return On Capital Employed

Ubiquiti Inc. has the highest ROCE among the 29 Communication Equipment companies compared here, at 31.6%. BK Technologies Corporation is next at 6.8%. Ondas Inc. has the highest ROCE change at +15.5 percentage points, so level and change sit with different companies. 29 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ubiquiti Inc. leads ROCE at 31.6%, 24.8 percentage points above BK Technologies Corporation. Ondas Inc. has the strongest latest improvement at +15.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderUbiquiti Inc. · 31.6%
Gap364.7% versus #2 · BK Technologies Corporation
Persistence7/8 recent comparable periods
Coverage29/29 companies · 534 observations

Investor read: Ubiquiti Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Ubiquiti Inc. UI32%
2BK Technologies Corporation BKTI6.8%
3Ciena Corporation CIEN5.1%
4Lumentum Holdings Inc. LITE5.1%
5Cisco Systems, Inc. CSCO4.6%
ROCE changefastest improvers
1Ondas Inc. ONDS+15.5 pp
2Lumentum Holdings Inc. LITE+6.1 pp
3Ciena Corporation CIEN+4.4 pp
4Hewlett Packard Enterprise Company HPE+4.4 pp
5AST SpaceMobile, Inc. ASTS+3.0 pp
Return on capital · company comparison
29/29 level · 29/29 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Ubiquiti Inc. UI32%+1.1 ppMar 2026
BK Technologies Corporation BKTI6.8%−1.5 ppMar 2026
Lumentum Holdings Inc. LITE5.1%+6.1 ppMar 2026
Ciena Corporation CIEN5.1%+4.4 ppJun 2026
Cisco Systems, Inc. CSCO4.6%+0.8 ppJun 2026
Motorola Solutions, Inc. MSI4.6%−2.1 ppJun 2026
Harmonic Inc. HLIT3.7%+3.0 ppJun 2026
Belden Inc. BDC3.5%+0.6 ppJun 2026
Zebra Technologies Corporation ZBRA3.3%+0.3 ppJun 2026
Extreme Networks, Inc. EXTR3.0%+1.1 ppMar 2026
Digi International Inc. DGII2.2%+0.3 ppMar 2026
Hewlett Packard Enterprise Company HPE1.6%+4.4 ppJun 2026
Viavi Solutions Inc. VIAV1.5%+0.9 ppMar 2026
AudioCodes Ltd. AUDC1.4%−0.1 ppMar 2026
Gilat Satellite Networks Ltd. GILT0.9%+1.7 ppMar 2026
ADTRAN Holdings, Inc. ADTN0.7%+1.1 ppMar 2026
Vistance Networks, Inc. VISN0.4%+0.6 ppMar 2026
Aviat Networks, Inc. AVNW0.3%−2.5 ppMar 2026
Viasat, Inc. VSAT0.0%+1.1 ppMar 2026
Nokia Oyj NOK-0.2%−0.7 ppJun 2026
Clearfield, Inc. CLFD-0.8%−1.4 ppMar 2026
Lantronix, Inc. LTRX-1.2%+2.4 ppMar 2026
Applied Optoelectronics, Inc. AAOI-1.5%+0.9 ppMar 2026
Telesat Corporation TSAT-1.6%−2.1 ppMar 2026
Silicom Ltd. SILC-2.2%+0.1 ppMar 2026
NETGEAR, Inc. NTGR-2.4%−0.1 ppMar 2026
Ondas Inc. ONDS-3.6%+15.5 ppMar 2026
AST SpaceMobile, Inc. ASTS-4.2%+3.0 ppMar 2026
Frequency Electronics, Inc. FEIM-9.1%−14.4 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Applied Optoelectronics, Inc. · AAOI

-4.2%
-3.8%
-4.0%
-3.8%
-4.1%
-6.0%
-5.6%
-6.7%
-2.9%
-1.6%
-9.5%
-12%
-6.9%
-1.9%
-2.4%
-3.8%
-3.6%
-1.8%
-1.5%
—

AST SpaceMobile, Inc. · ASTS

-6.7%
-11%
-9.6%
-7.3%
-10%
-10%
-12%
-16%
-16%
-17%
-13%
-14%
-12%
-9.8%
-7.2%
-6.3%
-5.1%
-1.5%
-4.2%
—

Ciena Corporation · CIEN

—
3.7%
1.6%
1.5%
0.7%
1.9%
1.9%
2.3%
1.8%
2.1%
1.8%
-0.1%
0.6%
1.3%
1.7%
0.7%
1.6%
0.2%
4.1%
5.1%

Cisco Systems, Inc. · CSCO

—
4.9%
5.1%
5.2%
4.9%
5.0%
4.8%
5.7%
6.1%
6.1%
4.5%
2.9%
3.4%
3.1%
4.1%
3.8%
3.6%
4.0%
4.5%
4.6%

Hewlett Packard Enterprise Company · HPE

—
1.0%
1.2%
0.6%
1.3%
1.6%
1.7%
1.5%
1.3%
1.5%
1.5%
1.2%
1.5%
1.7%
1.1%
-2.8%
0.6%
0.5%
1.0%
1.6%

Lumentum Holdings Inc. · LITE

—
3.9%
2.9%
1.4%
1.7%
0.4%
—
-1.5%
-1.5%
-2.8%
-3.1%
-3.5%
-2.2%
-1.4%
-1.0%
-0.2%
0.2%
2.8%
5.1%
—

Motorola Solutions, Inc. · MSI

—
6.0%
—
3.2%
4.5%
4.7%
—
4.9%
6.3%
9.3%
6.1%
7.5%
8.7%
9.5%
6.4%
6.7%
6.9%
8.3%
—
4.6%

Nokia Oyj · NOK

1.8%
2.8%
1.3%
2.1%
1.8%
3.0%
1.5%
1.6%
0.8%
1.8%
1.4%
1.5%
1.0%
3.0%
-0.1%
0.5%
0.9%
2.0%
0.2%
-0.2%

Ubiquiti Inc. · UI

28%
21%
11%
20%
20%
21%
17%
18%
16%
13%
11%
14%
18%
20%
31%
32%
31%
31%
32%
—

Viasat, Inc. · VSAT

-0.5%
-0.6%
-0.9%
-1.0%
0.1%
-0.6%
-1.2%
-0.4%
-7.6%
-0.4%
0.0%
0.4%
-0.2%
0.1%
-1.1%
0.3%
0.3%
0.2%
0.0%
—

Viavi Solutions Inc. · VIAV

—
2.7%
2.9%
2.5%
3.6%
3.0%
—
-0.1%
0.8%
1.5%
-0.8%
-0.4%
0.8%
1.5%
0.6%
1.1%
0.5%
0.6%
1.5%
—

Zebra Technologies Corporation · ZBRA

—
6.1%
—
5.2%
-3.1%
4.2%
—
4.6%
3.5%
1.4%
2.9%
2.9%
3.2%
3.8%
3.3%
3.0%
2.9%
2.2%
—
3.3%

ROCE change · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Applied Optoelectronics, Inc. · AAOI

—
—
—
—
+0.1 pp
−2.2 pp
−1.6 pp
−2.9 pp
+1.2 pp
+4.4 pp
−3.9 pp
−5.3 pp
−4.0 pp
−0.3 pp
+7.1 pp
+8.2 pp
+3.3 pp
+0.1 pp
+0.9 pp
—

AST SpaceMobile, Inc. · ASTS

—
—
—
—
−3.3 pp
+1.0 pp
−2.1 pp
−8.4 pp
−5.9 pp
−6.6 pp
−1.6 pp
+1.8 pp
+4.0 pp
+7.0 pp
+6.1 pp
+7.6 pp
+6.8 pp
+8.3 pp
+3.0 pp
—

Ciena Corporation · CIEN

—
—
—
—
—
−1.8 pp
+0.3 pp
+0.8 pp
+1.1 pp
+0.2 pp
−0.1 pp
−2.4 pp
−1.2 pp
−0.8 pp
−0.1 pp
+0.8 pp
+1.0 pp
−1.1 pp
+2.4 pp
+4.4 pp

Cisco Systems, Inc. · CSCO

—
—
—
—
—
+0.1 pp
−0.3 pp
+0.5 pp
+1.2 pp
+1.1 pp
−0.3 pp
−2.8 pp
−2.7 pp
−3.0 pp
−0.4 pp
+0.9 pp
+0.2 pp
+0.9 pp
+0.4 pp
+0.8 pp

Hewlett Packard Enterprise Company · HPE

—
—
—
—
—
+0.6 pp
+0.5 pp
+0.9 pp
0.0 pp
−0.1 pp
−0.2 pp
−0.3 pp
+0.2 pp
+0.2 pp
−0.4 pp
−4.0 pp
−0.9 pp
−1.2 pp
−0.1 pp
+4.4 pp

Lumentum Holdings Inc. · LITE

—
—
—
—
—
−3.5 pp
—
−2.9 pp
−3.2 pp
−3.2 pp
—
−2.0 pp
−0.7 pp
+1.4 pp
+2.1 pp
+3.3 pp
+2.4 pp
+4.2 pp
+6.1 pp
—

Motorola Solutions, Inc. · MSI

—
—
—
—
—
−1.3 pp
—
+1.7 pp
+1.8 pp
+4.6 pp
—
+2.6 pp
+2.4 pp
+0.2 pp
+0.3 pp
−0.8 pp
−1.8 pp
−1.2 pp
—
−2.1 pp

Nokia Oyj · NOK

—
—
—
—
0.0 pp
+0.2 pp
+0.2 pp
−0.5 pp
−1.0 pp
−1.2 pp
−0.1 pp
−0.1 pp
+0.2 pp
+1.2 pp
−1.5 pp
−1.0 pp
−0.1 pp
−1.0 pp
+0.3 pp
−0.7 pp

Ubiquiti Inc. · UI

—
—
—
—
−8.4 pp
−0.3 pp
+6.5 pp
−1.5 pp
−3.7 pp
−7.5 pp
−6.2 pp
−3.7 pp
+2.6 pp
+6.5 pp
+19.3 pp
+17.8 pp
+12.2 pp
+11.2 pp
+1.1 pp
—

Viasat, Inc. · VSAT

—
—
—
—
+0.6 pp
0.0 pp
−0.3 pp
+0.6 pp
−7.7 pp
+0.2 pp
+1.2 pp
+0.8 pp
+7.4 pp
+0.5 pp
−1.1 pp
−0.1 pp
+0.5 pp
+0.1 pp
+1.1 pp
—

Viavi Solutions Inc. · VIAV

—
—
—
—
—
+0.3 pp
—
−2.6 pp
−2.8 pp
−1.5 pp
—
−0.3 pp
0.0 pp
0.0 pp
+1.4 pp
+1.5 pp
−0.3 pp
−0.9 pp
+0.9 pp
—

Zebra Technologies Corporation · ZBRA

—
—
—
—
—
−1.9 pp
—
−0.6 pp
+6.6 pp
−2.8 pp
—
−1.7 pp
−0.3 pp
+2.4 pp
+0.4 pp
+0.1 pp
−0.3 pp
−1.6 pp
—
+0.3 pp
09 · compare level, then change

Valuation Against Growth & Quality

BK Technologies Corporation has the lowest PEG among the 29 Communication Equipment companies compared here, at 0.55×. Ubiquiti Inc. is next at 0.6×. Vistance Networks, Inc. has the lowest P/E at 0.61×, so level and change sit with different companies. 10 of 29 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: BK Technologies Corporation has the lowest comparable PEG at 0.55×, 8.3% below Ubiquiti Inc.. Only 10 of 29 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderBK Technologies Corporation · 0.55×
Gap8.3% versus #2 · Ubiquiti Inc.
Persistence0/8 recent comparable periods
Coverage10/29 companies · 41 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1BK Technologies Corporation BKTI0.6
2Ubiquiti Inc. UI0.6
3Gilat Satellite Networks Ltd. GILT0.8
4Cisco Systems, Inc. CSCO1.1
5Clearfield, Inc. CLFD1.2
P/Elowest P/E
1Vistance Networks, Inc. VISN0.6
2Viasat, Inc. VSAT3.7
3Telesat Corporation TSAT5.3
4Silicom Ltd. SILC12.5
5NETGEAR, Inc. NTGR13.1
Valuation · company comparison
10/29 level · 26/29 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Nokia Oyj NOK6.589.5Jun 2026
Ciena Corporation CIEN4.6178.4Jun 2026
Extreme Networks, Inc. EXTR3.4125.7Mar 2026
Hewlett Packard Enterprise Company HPE3.326.9Jun 2026
Digi International Inc. DGII2.342.7Mar 2026
AudioCodes Ltd. AUDC1.433.6Mar 2026
Belden Inc. BDC1.319.4Jun 2026
Clearfield, Inc. CLFD1.24,341.0Mar 2026
Cisco Systems, Inc. CSCO1.129.0Jun 2026
Zebra Technologies Corporation ZBRA0.924.5Jun 2026
Motorola Solutions, Inc. MSI0.835.4Jun 2026
Gilat Satellite Networks Ltd. GILT0.829.5Mar 2026
Harmonic Inc. HLIT0.724.0Jun 2026
Ubiquiti Inc. UI0.650.8Mar 2026
BK Technologies Corporation BKTI0.620.9Mar 2026
Silicom Ltd. SILC0.312.6Mar 2026
Lumentum Holdings Inc. LITE—130.1Mar 2026
Viasat, Inc. VSAT—3.7Mar 2026
Viavi Solutions Inc. VIAV—174.4Mar 2026
Ondas Inc. ONDS—129.1Mar 2026
Telesat Corporation TSAT—5.3Mar 2026
Vistance Networks, Inc. VISN—0.6Mar 2026
Frequency Electronics, Inc. FEIM—71.1Jun 2026
ADTRAN Holdings, Inc. ADTN—469.0Mar 2026
NETGEAR, Inc. NTGR—13.1Mar 2026
Aviat Networks, Inc. AVNW—33.2Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Belden Inc. · BDC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
2.1
0.9
1.3
—

Ciena Corporation · CIEN

—
—
—
—
—
—
—
—
1.7
—
1.3
—
—
—
—
—
—
4.6
—
—

Cisco Systems, Inc. · CSCO

—
—
—
—
—
—
—
—
1.9
0.8
0.8
2.4
—
—
—
—
—
2.0
1.1
1.1

Digi International Inc. · DGII

—
—
—
—
—
—
—
—
1.7
—
—
—
—
—
—
—
—
2.3
—
—

Extreme Networks, Inc. · EXTR

—
—
—
—
—
—
3.4
—
—
—
—
—
—
—
—
—
—
—
—
—

Gilat Satellite Networks Ltd. · GILT

—
—
—
—
—
—
—
—
—
—
—
—
1.1
—
—
—
0.8
—
—
—

Harmonic Inc. · HLIT

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.7
—
—
—
—

Hewlett Packard Enterprise Company · HPE

—
—
—
—
—
—
—
—
—
—
—
—
—
0.4
0.3
—
—
—
—
3.3

Motorola Solutions, Inc. · MSI

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.6
1.0
0.8
—
—

Nokia Oyj · NOK

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—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
6.5
—

Ubiquiti Inc. · UI

—
—
—
—
—
—
—
2.5
1.1
3.2
—
—
—
2.3
0.6
—
—
—
—
—

Zebra Technologies Corporation · ZBRA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.9
0.7
0.9
—
—
—

P/E · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Belden Inc. · BDC

—
20.4
—
12.3
11.1
9.9
—
13.6
14.3
15.7
18.1
20.0
27.0
23.5
19.5
21.1
22.0
19.7
19.0
19.4

Ciena Corporation · CIEN

—
17.0
20.7
20.3
40.6
48.3
41.8
34.1
28.1
24.0
33.4
44.8
53.4
110.3
161.4
101.2
91.4
223.4
160.4
178.4

Cisco Systems, Inc. · CSCO

—
20.8
19.9
17.2
16.1
16.5
17.8
17.0
17.0
15.6
15.9
16.1
18.9
23.9
27.2
23.2
26.9
28.1
26.9
29.0

Hewlett Packard Enterprise Company · HPE

—
5.7
5.9
5.5
5.1
21.6
24.8
18.4
21.2
10.0
10.5
12.4
14.2
10.1
10.3
16.4
25.2
—
—
26.9

Lumentum Holdings Inc. · LITE

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16.2
21.3
38.8
29.0
43.4
—
—
—
—
—
—
—
—
—
256.1
107.9
119.9
130.1
—

Motorola Solutions, Inc. · MSI

—
32.4
—
32.7
30.3
32.9
—
35.8
33.3
31.5
43.9
45.2
48.9
50.1
36.1
33.7
36.6
30.1
—
35.4

Nokia Oyj · NOK

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18.9
17.6
14.7
13.6
5.9
5.9
5.2
5.2
25.8
23.4
58.8
56.1
18.5
34.8
23.1
24.1
46.0
46.3
89.5

Ondas Inc. · ONDS

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—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
129.1
—

Ubiquiti Inc. · UI

31.7
35.9
41.3
40.5
52.9
47.6
41.4
26.1
21.9
22.7
20.0
25.2
34.3
45.1
34.2
35.0
50.5
37.7
50.8
—

Viasat, Inc. · VSAT

114.7
—
—
—
—
—
2.4
3.1
2.3
3.7
—
—
—
—
—
—
—
—
—
—

Viavi Solutions Inc. · VIAV

—
—
—
—
187.0
30.4
—
60.2
103.0
503.5
—
—
—
—
563.0
66.7
174.4
—
—
—

Zebra Technologies Corporation · ZBRA

—
32.6
—
27.3
32.5
29.9
—
40.5
23.7
47.8
59.8
69.7
50.2
37.9
26.6
29.2
30.2
29.7
—
24.5
10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Communication Equipment comparison names 4 specific ways its own evidence can mislead, all listed below. All 29 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
11 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 29 Communication Equipment companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-08-04 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
12 · questions investors ask, short speakable answers

Communication Equipment company comparison FAQs

These 22 answers restate the Communication Equipment comparison above in question form. Every one is computed from the same 29 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Communication Equipment sector outperforming S&P 500?

Communication Equipment has outperformed S&P 500 by 76.6% over 52 weeks and 1.2% over 13 weeks. 15 of 29 covered companies beat the S&P 500 on Mansfield relative strength, while 13 of 29 beat the sector itself.

Which Communication Equipment company is largest by revenue?

Cisco Systems, Inc. leads with revenue of $60,746 million, based on 23 of 29 comparable companies through Jun 2026.

Which Communication Equipment company is growing fastest?

AST SpaceMobile, Inc. has the fastest current revenue growth at 100%, across 23 of 29 comparable companies.

Which Communication Equipment company has the strongest 4-Factor Sector Score?

Cisco Systems, Inc. ranks first at 64.4/100 with 85.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Communication Equipment company has the lowest comparable PEG?

BK Technologies Corporation has the lowest comparable PEG at 0.55, among 10 of 29 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Communication Equipment comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Which Communication Equipment company is the biggest?

Cisco Systems, Inc. is the largest, with trailing-twelve-month revenue of $60,746 million, ahead of Hewlett Packard Enterprise Company at $38,794 million. That covers 23 of 29 companies with comparable reporting through Jun 2026.

Which Communication Equipment company has the best profit margins?

Ubiquiti Inc. has the highest operating margin at 36.9%, from 28 of 29 comparable companies. AST SpaceMobile, Inc. shows the biggest recent improvement, at +7755.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Communication Equipment company makes the most profit?

Cisco Systems, Inc. earns the most, at $11,958 million of trailing-twelve-month net profit, from 23 of 29 comparable companies. Ciena Corporation has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Communication Equipment company earns the highest return on capital?

Ubiquiti Inc. leads on return on capital employed at 31.6%, across 29 of 29 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Communication Equipment stock is the cheapest?

On PEG — where a LOWER number is cheaper — BK Technologies Corporation screens cheapest at 0.55×. Only 10 of 29 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Communication Equipment sector beating the market?

Communication Equipment has outperformed S&P 500 by 76.6% over the last 52 weeks and 1.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 15 of 29 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Communication Equipment stock has the strongest price momentum?

Silicom Ltd. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Communication Equipment company scores highest for research priority?

Cisco Systems, Inc. scores 64.4 out of 100 with 85.3% evidence confidence, from 19 points on growth and earnings, 16.6 on capital efficiency, 12.7 on valuation and 16.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Communication Equipment companies does this comparison cover, and over what period?

It compares 29 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Communication Equipment sector?

The 29 Communication Equipment companies on this page carry $943,238 million of combined market value. Cisco Systems, Inc. is the largest at $479,830 million, about 51% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

What is the Communication Equipment sector's P/E ratio?

The median price-to-earnings ratio across the 29 Communication Equipment companies on this page is 33.6×, measured on the 26 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

How is the Communication Equipment sector performing?

15 of the 29 covered Communication Equipment companies are beating S&P 500 on Mansfield relative strength. The sector itself is 76.6% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

How many Communication Equipment stocks are listed in the US?

This comparison covers 29 listed Communication Equipment companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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