Skip to content
Markets
This is research, not advice. We’re not SEBI-registered.
Industry · 29 scored · 30 listed

Communication Equipment Stocks in the US

The 29 Communication Equipment companies we score in the US are Cisco Systems, Inc. ($407.9B, the largest), Motorola Solutions, Inc., Hewlett Packard Enterprise Company and 26 more. 7 of the 29 companies we score beat S&P 500 on share price over recent months. Prices are as of 4 Nov 2026.

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

29Companies scored on this page, of 30 listed
$803.8BCombined market value all of them together
20/23Revenue growing revenue over the last 12 months up on a year earlier
7/29Beating S&P 500 share price doing better than the index (relative strength)
7 of 29 beat the S&P 500 on share price over recent months

The main question: the biggest companies are not always the ones changing the most.

Start with size. Then the direction of earnings. Then the quality of the business. A share price that leads means more once those three agree.

By Sector AlphaUpdated November 2026Prices as of 4 November 2026How the numbers are worked out

Which are the biggest Communication Equipment stocks in the US?

The largest Communication Equipment stocks in the US by market value are Cisco Systems, Inc. ($407.9B), Motorola Solutions, Inc. ($82.3B) and Hewlett Packard Enterprise Company ($66.5B), at prices of 4 Nov 2026.

The other 19 Communication Equipment companies are in the full list below.

Share price | market value | P/E, biggest first. Prices and market values as of 4 Nov 2026; ratios as in the score list below.

Which are the Communication Equipment stocks, ranked?

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 4 Nov 2026.

  1. 1Cisco Systems, Inc.CSCO · $407.9B72.1of 100favourable · strongest on ROCE and PEG
  2. 2Zebra Technologies CorporationZBRA · $15.7B71.7of 100provisional · strongest on ROCE and relative strength versus sector
  3. 3Motorola Solutions, Inc.MSI · $82.3B65.4of 100provisional · strongest on ROCE and relative strength versus sector
  4. 4Ubiquiti Inc.UI · $33.6B62.7of 100mixed, leaning good · strongest on ROCE and PEG
  5. 5Hewlett Packard Enterprise CompanyHPE · $66.5B61.4of 100mixed, leaning good · strongest on relative strength versus sector and profit growth
  6. 6Extreme Networks, Inc.EXTR · $3.0B59.0of 100mixed, leaning good · strongest on ROCE improvement and relative strength versus sector
  7. 7Harmonic Inc.HLIT · $1.1B56.7of 100provisional · strongest on ROCE improvement and margin improvement
  8. 8Digi International Inc.DGII · $2.8B54.7of 100mixed, leaning good · strongest on relative strength versus sector and relative strength versus the benchmark
  9. 9Ciena CorporationCIEN · $38.6B54.3of 100mixed, leaning good · strongest on profit growth and ROCE improvement
  10. 10Lumentum Holdings Inc.LITE · $56.8B52.6of 100mixed, leaning good · strongest on ROCE improvement and margin improvement

Which Communication Equipment companies are listed in the US?

The largest 15 of 29 listed US Communication Equipment companies are named here; all 29 are ranked in the scorecard. Every figure is equal-weighted across those companies and carries its own as-of date. One large company cannot set the reading.

  1. Cisco Systems, Inc.$407.9B
  2. Motorola Solutions, Inc.$82.3B
  3. Hewlett Packard Enterprise Company$66.5B
  4. Lumentum Holdings Inc.$56.8B
  5. Nokia Oyj$47.0B
  6. Ciena Corporation$38.6B
  7. Ubiquiti Inc.$33.6B
  8. Zebra Technologies Corporation$15.7B
  9. AST SpaceMobile, Inc.$13.9B
  10. Viasat, Inc.$9.2B
  11. Viavi Solutions Inc.$7.3B
  12. Applied Optoelectronics, Inc.$5.4B
  13. Belden Inc.$4.1B
  14. Ondas Inc.$3.0B
  15. Extreme Networks, Inc.$3.0B

The remaining 14 Communication Equipment companies are named and ranked in the scorecard.

How many Communication Equipment companies are listed in the US?

30 Communication Equipment companies in the Communication Equipment industry group (every listed company) have a page on Sector Alpha, by market value as of 4 November 2026, and all 30 are listed below, largest first. The largest is Cisco Systems, Inc. ($407.9 billion) and the smallest with a market value is Silicom.

Every Communication Equipment company with a page, largest first
CompanyMarket value
1. Cisco Systems, Inc. CSCO$407.9 billion
2. Motorola Solutions, Inc. MSI$82.3 billion
3. Hewlett Packard Enterprise Company HPE$66.5 billion
4. Lumentum Holdings Inc. LITE$56.8 billion
5. Nokia Oyj NOK$46.9 billion
6. Ciena Corporation CIEN$38.6 billion
7. Telefonaktiebolaget LM Ericsson (publ) ERIC$35.9 billion
8. Ubiquiti Inc. UI$33.6 billion
9. Zebra Technologies Corporation ZBRA$15.7 billion
10. AST SpaceMobile, Inc. ASTS$13.9 billion
11. Viasat, Inc. VSAT$9.2 billion
12. Viavi Solutions Inc. VIAV$7.2 billion
13. Applied Optoelectronics, Inc. AAOI$5.4 billion
14. Belden Inc. BDC$4.1 billion
15. Ondas Inc. ONDS$3 billion
16. Extreme Networks, Inc. EXTR$3 billion
17. Digi International Inc. DGII$2.8 billion
18. Vistance Networks, Inc. VISN$1.5 billion
19. Harmonic Inc. HLIT$1.1 billion
20. Frequency Electronics, Inc. FEIM$694 million
21. NETGEAR, Inc. NTGR$607 million
22. Telesat Corporation TSAT$604 million
23. Gilat Satellite Networks Ltd. GILT$544 million
24. Clearfield, Inc. CLFD$447 million
25. ADTRAN Holdings, Inc. ADTN$384 million
26. Lantronix, Inc. LTRX$264 million
27. Aviat Networks, Inc. AVNW$255 million
28. BK Technologies Corporation BKTI$252 million
29. AudioCodes Ltd. AUDC$195 million
30. Silicom Ltd. SILC$183 million

Download all 30 Communication Equipment companies (CSV)

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 last two years (104 weeks) this industry is 131% ahead of S&P 500. Earnings across its companies grew 9% on average over the last four reported quarters.

Fading · −6 in 4w ~

Price and the fundamentals both up. 3 of 29 companies ahead of S&P 500 by 5% or more over three months. 3 are 20% or more behind over a year while earnings grew 20% or more.

Not ahead of S&P 500 on the three-month view this week; 10 of the 29 companies in the industry index above their 200-day average (7 fewer than four weeks earlier); 3 of those 29 ahead of S&P 500 by 5% or more over three months (6 fewer than four weeks earlier); earnings rising at 18 of the 28 that report earnings.

Participation is shrinking, 9 → 3 of 29 over four weeks, after being ahead of S&P 500. Earnings mixed, 18 of 28 members have higher trailing twelve-month earnings than a year ago.

1Y

Communication Equipment against S&P 500

Both lines start at 200 in the first week shown

  • Communication Equipment 278
  • S&P 500 228
Communication Equipment against S&P 500
Week endingCommunication EquipmentS&P 500
14 Nov 2025200200
21 Nov 2025191196
28 Nov 2025206203
5 Dec 2025214204
12 Dec 2025223203
19 Dec 2025222203
26 Dec 2025226205
2 Jan 2026230203
9 Jan 2026233207
16 Jan 2026241206
23 Jan 2026236205
30 Jan 2026241206
6 Feb 2026252206
13 Feb 2026252203
20 Feb 2026260205
27 Feb 2026267204
6 Mar 2026260200
13 Mar 2026266197
20 Mar 2026266193
27 Mar 2026268189
3 Apr 2026283195
10 Apr 2026305202
17 Apr 2026323211
24 Apr 2026321213
1 May 2026332215
8 May 2026329220
15 May 2026333220
22 May 2026351222
29 May 2026362225
5 Jun 2026342220
12 Jun 2026350221
19 Jun 2026341222
26 Jun 2026326217
3 Jul 2026325222
10 Jul 2026328225
17 Jul 2026303221
24 Jul 2026303220
31 Jul 2026305222
7 Aug 2026334230
14 Aug 2026346231
21 Aug 2026322228
28 Aug 2026307229
4 Sep 2026305229
11 Sep 2026317227
18 Sep 2026315227
25 Sep 2026320230
2 Oct 2026331229
9 Oct 2026328232
16 Oct 2026290227
23 Oct 2026288226
30 Oct 2026296225
6 Nov 2026278228

3Y

Communication Equipment against S&P 500

Both lines start at 200 in the first week shown, every 2nd week shown

  • Communication Equipment 935
  • S&P 500 340
Communication Equipment against S&P 500
Week endingCommunication EquipmentS&P 500
17 Nov 2023200200
24 Nov 2023206202
8 Dec 2023218204
22 Dec 2023236210
5 Jan 2024233208
19 Jan 2024220214
2 Feb 2024221219
16 Feb 2024224222
1 Mar 2024216228
15 Mar 2024211226
29 Mar 2024213232
12 Apr 2024196227
26 Apr 2024194226
10 May 2024196231
24 May 2024217235
7 Jun 2024226237
21 Jun 2024224242
5 Jul 2024226246
19 Jul 2024245244
2 Aug 2024256236
16 Aug 2024285246
30 Aug 2024303250
13 Sep 2024310249
27 Sep 2024322254
11 Oct 2024337257
25 Oct 2024335257
8 Nov 2024361265
22 Nov 2024375264
6 Dec 2024387270
20 Dec 2024402262
3 Jan 2025418263
17 Jan 2025414265
31 Jan 2025409267
14 Feb 2025421271
28 Feb 2025390264
14 Mar 2025375250
28 Mar 2025374247
11 Apr 2025326237
25 Apr 2025346244
9 May 2025378250
23 May 2025395257
6 Jun 2025425266
20 Jun 2025455264
4 Jul 2025509277
18 Jul 2025515278
1 Aug 2025490276
15 Aug 2025555285
29 Aug 2025610286
12 Sep 2025636292
26 Sep 2025649294
10 Oct 2025681290
24 Oct 2025728300
7 Nov 2025696298
21 Nov 2025641292
5 Dec 2025720304
19 Dec 2025746302
2 Jan 2026774303
16 Jan 2026812307
30 Jan 2026810307
13 Feb 2026848302
27 Feb 2026897304
13 Mar 2026894294
27 Mar 2026902281
10 Apr 20261,025301
24 Apr 20261,080317
8 May 20261,107327
22 May 20261,181331
5 Jun 20261,150327
19 Jun 20261,146331
3 Jul 20261,093330
17 Jul 20261,019330
31 Jul 20261,026331
14 Aug 20261,164344
28 Aug 20261,033341
11 Sep 20261,067339
25 Sep 20261,078342
9 Oct 20261,105345
23 Oct 2026968337
6 Nov 2026935340

5Y

Communication Equipment against S&P 500

Both lines start at 200 in the first week shown, every 4th week shown

  • Communication Equipment 688
  • S&P 500 327
Communication Equipment against S&P 500
Week endingCommunication EquipmentS&P 500
19 Nov 2021200200
10 Dec 2021204201
7 Jan 2022197199
4 Feb 2022176191
4 Mar 2022168184
1 Apr 2022181193
29 Apr 2022156176
27 May 2022164177
24 Jun 2022149166
22 Jul 2022151169
19 Aug 2022180180
16 Sep 2022166164
14 Oct 2022152153
11 Nov 2022163170
9 Dec 2022154168
6 Jan 2023153166
3 Feb 2023166176
3 Mar 2023159172
31 Mar 2023154175
28 Apr 2023141177
26 May 2023141179
23 Jun 2023155185
21 Jul 2023170193
18 Aug 2023164186
15 Sep 2023162189
13 Oct 2023132184
10 Nov 2023135188
8 Dec 2023160196
5 Jan 2024172200
2 Feb 2024163211
1 Mar 2024159219
29 Mar 2024157223
26 Apr 2024143217
24 May 2024159226
21 Jun 2024165232
19 Jul 2024181234
16 Aug 2024210236
13 Sep 2024228240
11 Oct 2024248247
8 Nov 2024265255
6 Dec 2024285259
3 Jan 2025308252
31 Jan 2025301257
28 Feb 2025287253
28 Mar 2025275237
25 Apr 2025255235
23 May 2025291247
20 Jun 2025335253
18 Jul 2025379268
15 Aug 2025408274
12 Sep 2025468280
10 Oct 2025501279
7 Nov 2025512286
5 Dec 2025530292
2 Jan 2026569291
30 Jan 2026596295
27 Feb 2026660293
27 Mar 2026663270
24 Apr 2026794305
22 May 2026869318
19 Jun 2026843319
17 Jul 2026750317
14 Aug 2026856331
11 Sep 2026785326
9 Oct 2026813332
6 Nov 2026688327

Earnings, each company rebased to 100, the sector takes the median

Latest quarter July to September 2026: 72.2, from 9 companies

Earnings, each company rebased to 100, the sector takes the median
QuarterMedian earnings index
Jan 2022100.0 (7 companies)
Apr 2022100.0 (15 companies)
Jul 2022100.7 (17 companies)
Oct 202294.1 (18 companies)
Jan 202394.4 (12 companies)
Apr 202397.6 (15 companies)
Jul 202391.5 (17 companies)
Oct 202375.2 (16 companies)
Jan 202456.4 (15 companies)
Apr 202449.2 (15 companies)
Jul 202449.5 (14 companies)
Oct 202468.2 (13 companies)
Jan 202569.9 (13 companies)
Apr 202570.0 (13 companies)
Jul 202565.6 (13 companies)
Oct 202561.2 (14 companies)
Jan 202651.9 (10 companies)
Apr 202695.9 (12 companies)
Jul 202672.2 (9 companies)

Both lines start at 200 in the same week, so the gap between them tells the story: the industry line is an equal-weighted index of its 29 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the industry taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Is Communication Equipment outperforming S&P 500?

Communication Equipment has done better than the S&P 500 by 18.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 17%. Hewlett Packard Enterprise Company is the strongest against the sector itself at +41.6%.

−17.0%Sector vs S&P 500 · 13 weeks
+18.9%Sector vs S&P 500 · 52 weeks
7 of 29Stocks leading S&P 500
11 of 29Stocks leading the sector

What is the bottom line on Communication Equipment?

Communication Equipment has done better than the S&P 500 by 18.9% over 52 weeks, but is 17% behind over the last 13 weeks. 7 of 29 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months), and 11 of 29 are ahead of the industry itself.

How does each Communication Equipment stock score?

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never 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.

  1. 1Cisco Systems, Inc.CSCO · quiet · favourable · 85% evidence72.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.1/35 · Revenue 11.8% · PAT 30.3% · OPM change 6.6 pp · 95% evidenceCapital efficiency 19.6/25 · ROCE 18.2% · OPM 27.7% · 76% evidenceValuation 12.8/20 · P/E 33.9× · PEG 1.09 · 65% evidenceRelative strength 15.6/20 · RS sector 11.2% · RS bench 1.1% · 1Y 45.8% · 100% evidence · 0 of 12 weeks aheadExact sum: 24.1 + 19.6 + 12.8 + 15.6 = 72.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2Zebra Technologies CorporationZBRA · fading · provisional · 58% evidence71.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.1/35 · Revenue — · PAT — · OPM change 6.7 pp · 45% evidenceCapital efficiency 19.8/25 · ROCE 20.9% · OPM 21.3% · 76% evidenceValuation 10.3/20 · P/E 23.6× · PEG — · 15% evidenceRelative strength 18.5/20 · RS sector 23.3% · RS bench 13.8% · 1Y 28.1% · 100% evidence · 11 of 12 weeks aheadExact sum: 23.1 + 19.8 + 10.3 + 18.5 = 71.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  3. 3Motorola Solutions, Inc.MSI · leader · provisional · 58% evidence65.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.4/35 · Revenue — · PAT — · OPM change 0.8 pp · 45% evidenceCapital efficiency 20.6/25 · ROCE 22.9% · OPM 27.4% · 76% evidenceValuation 9.7/20 · P/E 32.9× · PEG — · 15% evidenceRelative strength 18.7/20 · RS sector 17.9% · RS bench 8.7% · 1Y 27.2% · 100% evidence · 10 of 12 weeks aheadExact sum: 16.4 + 20.6 + 9.7 + 18.7 = 65.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  4. 4Ubiquiti Inc.UI · quiet · mixed, leaning good · 81% evidence62.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.1/35 · Revenue 27.2% · PAT 35% · OPM change 1.9 pp · 83% evidenceCapital efficiency 21.9/25 · ROCE 75.4% · OPM 36.3% · 76% evidenceValuation 13.7/20 · P/E 33.7× · PEG 0.97 · 65% evidenceRelative strength 8.0/20 · RS sector −12% · RS bench −19.3% · 1Y −9.3% · 100% evidence · 4 of 12 weeks aheadExact sum: 19.1 + 21.9 + 13.7 + 8 = 62.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Hewlett Packard Enterprise CompanyHPE · fading · mixed, leaning good · 85% evidence61.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.5/35 · Revenue 26.6% · PAT 100% · OPM change 7.2 pp · 95% evidenceCapital efficiency 12.1/25 · ROCE 6.6% · OPM 12.6% · 76% evidenceValuation 5.9/20 · P/E 23.7× · PEG 3.75 · 65% evidenceRelative strength 16.9/20 · RS sector 41.6% · RS bench 27% · 1Y 113.6% · 100% evidence · 10 of 12 weeks aheadExact sum: 26.5 + 12.1 + 5.9 + 16.9 = 61.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Extreme Networks, Inc.EXTR · quiet · mixed, leaning good · 74% evidence59.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.2/35 · Revenue 12.6% · PAT — · OPM change 7 pp · 62% evidenceCapital efficiency 13.7/25 · ROCE 12.5% · OPM 6.4% · 76% evidenceValuation 5.6/20 · P/E 100.5× · PEG 3.23 · 65% evidenceRelative strength 17.5/20 · RS sector 12.9% · RS bench 2.3% · 1Y 31.1% · 100% evidence · 0 of 12 weeks aheadExact sum: 22.2 + 13.7 + 5.6 + 17.5 = 59 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Harmonic Inc.HLIT · basing · provisional · 56% evidence56.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.2/35 · Revenue — · PAT — · OPM change 10.3 pp · 39% evidenceCapital efficiency 14.3/25 · ROCE 11.9% · OPM 18% · 76% evidenceValuation 11.1/20 · P/E −24.2× · PEG — · 15% evidenceRelative strength 9.1/20 · RS sector −6.4% · RS bench −14.5% · 1Y 2% · 100% evidence · 0 of 12 weeks aheadExact sum: 22.2 + 14.3 + 11.1 + 9.1 = 56.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  8. 8Digi International Inc.DGII · fading · mixed, leaning good · 81% evidence54.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.4/35 · Revenue 19.9% · PAT 16.7% · OPM change 2.6 pp · 83% evidenceCapital efficiency 14.1/25 · ROCE 8.7% · OPM 16.5% · 76% evidenceValuation 4.2/20 · P/E 58× · PEG 5.51 · 65% evidenceRelative strength 17.0/20 · RS sector 27.7% · RS bench 15.6% · 1Y 105% · 100% evidence · 6 of 12 weeks aheadExact sum: 19.4 + 14.1 + 4.2 + 17 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Ciena CorporationCIEN · quiet · mixed, leaning good · 85% evidence54.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.7/35 · Revenue 32.6% · PAT 100% · OPM change 11.9 pp · 95% evidenceCapital efficiency 17.0/25 · ROCE 12.9% · OPM 18.1% · 76% evidenceValuation 4.4/20 · P/E 81.6× · PEG 4.67 · 65% evidenceRelative strength 2.2/20 · RS sector −21.4% · RS bench −30.1% · 1Y 36.5% · 100% evidence · 0 of 12 weeks aheadExact sum: 30.7 + 17 + 4.4 + 2.2 = 54.3 · What this means: Earnings are strong; relative strength in its sector is −21.4% and the one-year return is 36.5%.
  10. 10Lumentum Holdings Inc.LITE · fading · mixed, leaning good · 64% evidence52.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.7/35 · Revenue 83.2% · PAT — · OPM change 28.7 pp · 62% evidenceCapital efficiency 13.4/25 · ROCE 11.3% · OPM 28% · 76% evidenceValuation 8.7/20 · P/E 114.5× · PEG — · 15% evidenceRelative strength 4.8/20 · RS sector −5.3% · RS bench −16.2% · 1Y 161.1% · 100% evidence · 6 of 12 weeks aheadExact sum: 25.7 + 13.4 + 8.7 + 4.8 = 52.6 · What this means: Earnings are strong; relative strength in its sector is −5.3% and the one-year return is 161.1%.
  11. 11Belden Inc.BDC · quiet · mixed, leaning weak · 81% evidence47.9out of 100GrowthCapitalValuationRelative
  12. 12Clearfield, Inc.CLFD · turning · provisional · 56% evidence47.8out of 100GrowthCapitalValuationRelative
  13. 13BK Technologies CorporationBKTI · basing · mixed, leaning weak · 81% evidence47.4out of 100GrowthCapitalValuationRelative
  14. 14Viavi Solutions Inc.VIAV · quiet · mixed, leaning weak · 71% evidence46.1out of 100GrowthCapitalValuationRelative
  15. 15Silicom Ltd.SILC · fading · mixed, leaning weak · 64% evidence46.0out of 100GrowthCapitalValuationRelative
  16. 16Lantronix, Inc.LTRX · quiet · mixed, leaning weak · 64% evidence45.2out of 100GrowthCapitalValuationRelative
  17. 17Aviat Networks, Inc.AVNW · basing · provisional · 58% evidence44.4out of 100GrowthCapitalValuationRelative
  18. 18AudioCodes Ltd.AUDC · quiet · mixed, leaning weak · 74% evidence43.9out of 100GrowthCapitalValuationRelative
  19. 19Viasat, Inc.VSAT · quiet · mixed, leaning weak · 64% evidence43.6out of 100GrowthCapitalValuationRelative
  20. 20Gilat Satellite Networks Ltd.GILT · quiet · mixed, leaning weak · 81% evidence43.3out of 100GrowthCapitalValuationRelative
  21. 21Nokia OyjNOK · quiet · mixed, leaning weak · 75% evidence42.7out of 100GrowthCapitalValuationRelative
  22. 22Frequency Electronics, Inc.FEIM · fading · mixed, leaning weak · 75% evidence41.4out of 100GrowthCapitalValuationRelative
  23. 23AST SpaceMobile, Inc.ASTS · quiet · mixed, leaning weak · 64% evidence40.5out of 100GrowthCapitalValuationRelative
  24. 24NETGEAR, Inc.NTGR · quiet · mixed, leaning weak · 64% evidence38.9out of 100GrowthCapitalValuationRelative
  25. 25ADTRAN Holdings, Inc.ADTN · basing · mixed, leaning weak · 64% evidence38.6out of 100GrowthCapitalValuationRelative
  26. 26Applied Optoelectronics, Inc.AAOI · quiet · mixed, leaning weak · 61% evidence37.9out of 100GrowthCapitalValuationRelative
  27. 27Ondas Inc.ONDS · quiet · mixed, leaning weak · 64% evidence36.5out of 100GrowthCapitalValuationRelative
  28. 28Telesat CorporationTSAT · fading · weak · 64% evidence34.8out of 100GrowthCapitalValuationRelative
  29. 29Vistance Networks, Inc.VISN · basing · weak · 65% evidence31.4out of 100GrowthCapitalValuationRelative
How this score is built, and what the marks mean

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

How have Communication Equipment share prices moved?

Lumentum Holdings Inc. has the strongest one-year price move in Communication Equipment at +161.1%. Hewlett Packard Enterprise Company leads on relative strength against the S&P 500, at +27.0%. 7 of 29 companies we track are ahead of the index on that measure. Every line covers 314 weekly closes through 4 November 2026.

Price and relative strength

Price · same starting point: 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.

RS vs S&P 500: How far ahead of or behind S&P 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS S&P 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Communication Equipment itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

1Y

Price of the 5 strongest one-year movers, each started at 100

52 weekly closes

  • Lumentum Holdings Inc. 270
  • Hewlett Packard 219
  • Silicom 212
  • Applied 276
  • Digi International Inc. 189
  • S&P 500 114
Price of the 5 strongest one-year movers, each started at 100
Week endingLumentum Holdings Inc.Hewlett PackardSilicomAppliedDigi International Inc.S&P 500
14 Nov 2025100100100100100100
21 Nov 202511090949610498
28 Nov 202514096100125109102
5 Dec 202514310298124118102
12 Dec 202514010597149119102
19 Dec 202516010790146114101
26 Dec 202516810794173116103
2 Jan 202616610695185113102
9 Jan 202615197101159106103
16 Jan 202614094104173115103
23 Jan 202614692112166110103
30 Jan 202616994121203112103
6 Feb 2026238103137206115103
13 Feb 202624299130207126102
20 Feb 202628894132241131103
27 Feb 202630294132393127102
6 Mar 202624193127445127100
13 Mar 20262689512745112899
20 Mar 20263049512140812597
27 Mar 202630310513945812494
3 Apr 202635610814848413098
10 Apr 2026387109148702140101
17 Apr 2026385116192743143106
24 Apr 2026380123204756148106
1 May 2026409125282855150107
8 May 2026389137300694171110
15 May 2026418145321887162110
22 May 2026408165303846172111
29 May 2026368189269738174113
5 Jun 2026372216254825172110
12 Jun 2026397211311788179110
19 Jun 2026366208314754180111
26 Jun 2026352192275632184109
3 Jul 2026314181285564188111
10 Jul 2026346213295559176112
17 Jul 2026316201295477167111
24 Jul 2026329209266467174110
31 Jul 2026308210266440182111
7 Aug 2026383233281632213115
14 Aug 2026399257331700222116
21 Aug 2026373234294582195114
28 Aug 2026386229282495197115
4 Sep 2026380228273492181115
11 Sep 2026399272282491180114
18 Sep 2026401266307490188113
25 Sep 2026406276353473204115
2 Oct 2026468304401539197115
9 Oct 2026475322394511197116
16 Oct 2026355242270352182114
23 Oct 2026326248256315195113
30 Oct 2026362241224322190113
6 Nov 2026270219212276189114

3Y

Price of the 5 strongest one-year movers, each started at 100

156 weekly closes, every 2nd shown

  • Lumentum Holdings Inc. 1,419
  • Hewlett Packard 314
  • Silicom 206
  • Applied 465
  • Digi International Inc. 296
  • S&P 500 170
Price of the 5 strongest one-year movers, each started at 100
Week endingLumentum Holdings Inc.Hewlett PackardSilicomAppliedDigi International Inc.S&P 500
17 Nov 2023100100–100100100
24 Nov 20239999–102100101
8 Dec 2023100102–15599102
22 Dec 2023120107–164107105
5 Jan 2024114108–158100104
19 Jan 202412297–12497107
2 Feb 202412897–148118110
16 Feb 202411394–167124111
1 Mar 202411498–121122114
15 Mar 2024103105–100119113
29 Mar 2024107111–109130116
12 Apr 202498109–88126113
26 Apr 202498108–85126113
10 May 202499107–80112116
24 May 2024105116–98102117
7 Jun 2024104126–8393119
21 Jun 2024110131–7193121
5 Jul 2024125129–6094123
19 Jul 2024124129–76103122
2 Aug 2024100113–6099118
16 Aug 2024118117–65119123
30 Aug 2024130122–89120125
13 Sep 2024126108–115109125
27 Sep 2024146126–108111127
11 Oct 2024155130–140121129
25 Oct 2024146122–137122129
8 Nov 2024190138–218132133
22 Nov 2024202139–298135132
6 Dec 2024210150–305133135
20 Dec 2024193136–297126131
3 Jan 2025202137–297122131
17 Jan 2025214145–243124133
31 Jan 2025193133–219128134
14 Feb 2025176136–203141135
28 Feb 2025159124–172125132
14 Mar 202514498–173119125
28 Mar 202514299–129116123
11 Apr 202511689–89105118
25 Apr 2025136102–99113122
9 May 2025147106–115134125
23 May 2025172109–140131129
6 Jun 2025184114–132140133
20 Jun 2025203113–184134132
4 Jul 2025210134–225147139
18 Jul 2025231133100225135139
1 Aug 2025242124114169127138
15 Aug 2025262133104175132143
29 Aug 2025301142106190142143
12 Sep 2025369155118212146146
26 Sep 2025364151112202152147
10 Oct 2025339153115213144145
24 Oct 2025406148111267158150
7 Nov 202554414798224145149
21 Nov 202557912991161163146
5 Dec 202575014795209184152
19 Dec 202584115387246179151
2 Jan 202687415292311176152
16 Jan 2026734135101291180153
30 Jan 2026887135117342176154
13 Feb 20261,274142126349197151
27 Feb 20261,587135128661199152
13 Mar 20261,409136123759201147
27 Mar 20261,591150135770194141
10 Apr 20262,0321561431,181220151
24 Apr 20261,9961771981,272231158
8 May 20262,0461972901,168269164
22 May 20262,1442362931,424270165
5 Jun 20261,9553092461,388269164
19 Jun 20261,9242983041,269282166
3 Jul 20261,649259276949295165
17 Jul 20261,659288285803261165
31 Jul 20261,616301258740285166
14 Aug 20262,0973693201,179347172
28 Aug 20262,026328273833309171
11 Sep 20262,099390274826282170
25 Sep 20262,132395342795320171
9 Oct 20262,498461381860309173
23 Oct 20261,712356248530306169
6 Nov 20261,419314206465296170

5Y

Price of the 5 strongest one-year movers, each started at 100

260 weekly closes, every 4th shown

  • Lumentum Holdings Inc. 687
  • Hewlett Packard 348
  • Silicom 206
  • Applied 962
  • Digi International Inc. 305
  • S&P 500 164
Price of the 5 strongest one-year movers, each started at 100
Week endingLumentum Holdings Inc.Hewlett PackardSilicomAppliedDigi International Inc.S&P 500
19 Nov 2021100100–100100100
10 Dec 2021110106–94103100
7 Jan 2022116119–7610299
4 Feb 202299117–648596
4 Mar 2022102114–558492
1 Apr 2022105113–549197
29 Apr 202289107–428088
27 May 202297110–379589
24 Jun 20229098–3010183
22 Jul 20229396–2711184
19 Aug 2022101103–4114590
16 Sep 20228291–6114682
14 Oct 20227288–4513776
11 Nov 202263106–3816885
9 Dec 202260112–3416684
6 Jan 202361119–3014883
3 Feb 202368114–4414888
3 Mar 202359106–4414386
31 Mar 202359111–3614287
28 Apr 202353100–3212789
26 May 202359107–3115090
23 Jun 202361115–7116192
21 Jul 202357120–12817296
18 Aug 202353118–20812993
15 Sep 202353119–16013195
13 Oct 202345115–12310292
10 Nov 202345111–1529494
8 Dec 202348113–32110298
5 Jan 202455119–327103100
2 Feb 202462107–306121105
1 Mar 202455108–250126109
29 Mar 202452123–225134112
26 Apr 202448119–176130108
24 May 202451128–204105113
21 Jun 202453145–14896116
19 Jul 202460142–157106117
16 Aug 202457130–134122118
13 Sep 202461119–237112120
11 Oct 202475144–290124124
8 Nov 202492153–451136128
6 Dec 2024102166–631137130
3 Jan 202598152–615126126
31 Jan 202593147–453131128
28 Feb 202577138–355128127
28 Mar 202569110–266120119
25 Apr 202566113–204116117
23 May 202583121–290135124
20 Jun 202598125–381138127
18 Jul 2025112147100465139134
15 Aug 2025127147104363136137
12 Sep 2025179172118439150140
10 Oct 2025164170115441149139
7 Nov 202526316398464149143
5 Dec 202536316295432190146
2 Jan 202642316892643182146
30 Jan 2026430150117708181148
27 Feb 20267691491281,367205146
27 Mar 20267711661351,594200135
24 Apr 20269671961982,633238152
22 May 20261,0382612932,946278159
19 Jun 20269323303042,627290159
17 Jul 20268043182851,663269159
14 Aug 20261,0164083202,440358166
11 Sep 20261,0174322741,710290163
9 Oct 20261,2105113811,780318166
6 Nov 2026687348206962305164

The companies with the strongest one-year price moves are drawn. The S&P 500 line is dashed.

Biggest one-year moves

  1. 1Lumentum Holdings Inc.LITE · $56.8B+161.1%1 year
  2. 2Hewlett Packard Enterprise CompanyHPE · $66.5B+113.6%1 year
  3. 3Silicom Ltd.SILC · $183M+109.5%1 year
  4. 4Applied Optoelectronics, Inc.AAOI · $5.4B+107.5%1 year
  5. 5Digi International Inc.DGII · $2.8B+105.0%1 year

Strongest against S&P 500

  1. 1Hewlett Packard Enterprise CompanyHPE · $66.5B+27.0%vs S&P 500
  2. 2Digi International Inc.DGII · $2.8B+15.6%vs S&P 500
  3. 3Zebra Technologies CorporationZBRA · $15.7B+13.8%vs S&P 500
  4. 4Motorola Solutions, Inc.MSI · $82.3B+8.7%vs S&P 500
  5. 5Viasat, Inc.VSAT · $9.2B+7.5%vs S&P 500

Strongest against the sector itself

  1. 1Hewlett Packard Enterprise CompanyHPE · $66.5B+41.6%vs sector
  2. 2Digi International Inc.DGII · $2.8B+27.7%vs sector
  3. 3Zebra Technologies CorporationZBRA · $15.7B+23.3%vs sector
  4. 4Viasat, Inc.VSAT · $9.2B+19.9%vs sector
  5. 5Motorola Solutions, Inc.MSI · $82.3B+17.9%vs sector

Which Communication Equipment companies have the most revenue, and which grow fastest?

Cisco Systems, Inc. has the highest Revenue among the 29 Communication Equipment companies compared here, at $63,325 million. Hewlett Packard Enterprise Company is next at $41,871 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 largest at $63,325 million, 51.2% ahead of Hewlett Packard Enterprise Company. AST SpaceMobile, Inc.'s growth is capped at 100% on the scoring scale; the full change over the last 12 months is 2220% from a $116 million base, with 14 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

Cisco Systems, Inc. · $63,325 millionLeader
51.2% versus #2 · Hewlett Packard Enterprise CompanyGap
7/8 recent comparable periodsPersistence
24/29 companies · 533 observationsCoverage

What this means: Cisco Systems, Inc. is the size to compare against; AST SpaceMobile, Inc. is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

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.

Revenue · company comparison

Revenue, by reported quarter

  • Cisco Systems, Inc. $17.3B
  • Hewlett Packard Enterprise Company $12.2B
  • Nokia Oyj $5.2B
  • Ciena Corporation $1.7B
  • Viasat, Inc. $1.2B
Revenue, by reported quarter
QuarterCisco Systems, Inc.Hewlett Packard Enterprise CompanyNokia OyjCiena CorporationViasat, Inc.
Dec 2021$12.9B$7.4B$6.4B$1.0B$625M
Mar 2022$12.7B$7.0B$5.3B$844M$607M
Jun 2022$12.8B$6.7B$5.9B$949M$575M
Sep 2022$13.1B$7.0B$6.2B$868M$664M
Dec 2022$13.6B$7.9B$7.4B$971M$651M
Mar 2023$13.6B$7.8B$5.6B$1.1B—
Jun 2023$14.6B$7.0B$5.4B$1.1B$780M
Sep 2023$15.2B$7.0B$4.7B$1.1B$1.2B
Dec 2023$14.7B$7.4B$5.4B$1.1B$1.1B
Mar 2024$12.8B$6.8B$4.4B$1.0B—
Jun 2024$12.7B$7.2B$4.5B$911M$1.1B
Sep 2024$13.6B$7.7B$4.3B$942M$1.1B
Dec 2024$13.8B$8.5B$6.0B$1.1B$1.1B
Mar 2025$14.0B$7.9B$4.3B$1.1B$1.1B
Jun 2025$14.1B$7.6B$4.4B$1.1B$1.2B
Sep 2025$14.7B$9.1B$4.7B$1.2B$1.1B
Dec 2025$14.9B$9.7B$6.1B$1.4B$1.2B
Mar 2026$15.3B$9.3B$4.4B$1.4B$1.2B
Jun 2026$15.8B$10.7B$4.8B$1.6B$1.2B
Sep 2026$17.3B$12.2B$5.2B$1.7B—

Revenue growth, by reported quarter

  • Cisco Systems, Inc. 18%
  • Hewlett Packard Enterprise Company 34%
  • Nokia Oyj 9.7%
  • Ciena Corporation 37%
  • Viasat, Inc. −1.2%
Revenue growth, by reported quarter
QuarterCisco Systems, Inc.Hewlett Packard Enterprise CompanyNokia OyjCiena CorporationViasat, Inc.
Dec 2021—————
Mar 2022—————
Jun 2022——11%—−14%
Sep 2022−0.2%0.8%16%−12%8.1%
Dec 20225.7%7.0%16%−6.7%4.2%
Mar 20236.9%12%4.2%25%—
Jun 202314%3.9%−7.4%19%36%
Sep 202316%0.7%−25%23%84%
Dec 20237.6%−6.6%−27%16%73%
Mar 2024−5.9%−14%−20%−1.8%—
Jun 2024−13%3.3%−18%−20%44%
Sep 2024−10%10%−8.1%−12%−8.4%
Dec 2024−5.6%15%10%−0.4%−0.4%
Mar 20259.4%16%−3.2%3.3%—
Jun 202511%5.9%−0.5%24%4.0%
Sep 20257.6%19%8.7%29%1.7%
Dec 20257.5%14%2.4%20%2.9%
Mar 20269.7%18%3.1%33%2.1%
Jun 202612%40%8.4%40%−1.2%
Sep 202618%34%9.7%37%—

24 of 29 companies report revenue, 23 of 29 revenue growth. On every company-comparison chart on this page the five leaders are drawn, level and change on separate charts, and a missing report breaks the line rather than being invented.

Revenue · largest

Revenue growth · fastest growers

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.

Revenue, every company
CompanyRevenueRevenue growthReported
Cisco Systems, Inc. CSCO$17.3B18%Sep 2026
Hewlett Packard Enterprise Company HPE$12.2B34%Sep 2026
Nokia Oyj NOK$5.2B9.7%Sep 2026
Motorola Solutions, Inc. MSI$3.1B4.1%Sep 2026
Ciena Corporation CIEN$1.7B37%Sep 2026
Zebra Technologies Corporation ZBRA$1.6B18%Sep 2026
Viasat, Inc. VSAT$1.2B−1.2%Jun 2026
Lumentum Holdings Inc. LITE$1.0B109%Jun 2026
Ubiquiti Inc. UI$937M23%Jun 2026
Belden Inc. BDC$750M12%Jun 2026
Viavi Solutions Inc. VIAV$443M52%Jun 2026
Extreme Networks, Inc. EXTR$339M10%Jun 2026
Vistance Networks, Inc. VISN$320M−1.2%Jun 2026
ADTRAN Holdings, Inc. ADTN$281M6.0%Jun 2026
Applied Optoelectronics, Inc. AAOI$192M86%Jun 2026
NETGEAR, Inc. NTGR$169M−1.2%Jun 2026
Digi International Inc. DGII$139M29%Jun 2026
Harmonic Inc. HLIT$133M−6.3%Sep 2026
Gilat Satellite Networks Ltd. GILT$123M17%Jun 2026
Aviat Networks, Inc. AVNW$121M13%Sep 2026
Ondas Inc. ONDS$84M1,300%Jun 2026
Telesat Corporation TSAT$79M−25%Jun 2026
AudioCodes Ltd. AUDC$63M3.3%Jun 2026
Clearfield, Inc. CLFD$44M13%Jun 2026
AST SpaceMobile, Inc. ASTS$32M3,100%Jun 2026
Lantronix, Inc. LTRX$31M6.9%Jun 2026
Silicom Ltd. SILC$24M60%Jun 2026
Frequency Electronics, Inc. FEIM$23M64%Sep 2026
BK Technologies Corporation BKTI$23M9.5%Jun 2026

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

What to watch

Watch the next two reported quarters for growth persistence, margin conversion and whether the leader is gaining share without stretching working capital.

Which Communication Equipment companies keep the most from each $100 of sales?

Ubiquiti Inc. has the highest OPM among the 29 Communication Equipment companies compared here, at 36.3%. Lumentum Holdings Inc. is next at 28%. AST SpaceMobile, Inc. has the highest Margin change at +5752.7 percentage points, so level and change sit with different companies. 29 of 29 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Ubiquiti Inc. leads opm at 36.3%; AST SpaceMobile, Inc. leads margin change at +5752.7 percentage points.

Ubiquiti Inc. · 36.3%Leader
29.6% versus #2 · Lumentum Holdings Inc.Gap
8/8 recent comparable periodsPersistence
29/29 companies · 517 observationsCoverage

What this means: Ubiquiti Inc. sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM, by reported quarter

  • Ubiquiti Inc. 36%
  • Lumentum Holdings Inc. 28%
  • Cisco Systems, Inc. 28%
  • Motorola Solutions, Inc. 27%
  • Frequency Electronics, Inc. 22%
OPM, by reported quarter
QuarterUbiquiti Inc.Lumentum Holdings Inc.Cisco Systems, Inc.Motorola Solutions, Inc.Frequency Electronics, Inc.
Dec 202129%24%27%23%2.3%
Mar 202218%19%27%—−5.9%
Jun 202225%12%28%16%−58%
Sep 202225%17%26%19%−38%
Dec 202229%4.5%26%25%−26%
Mar 202329%—26%—3.1%
Jun 202329%−10%28%21%3.0%
Sep 202328%−4.7%29%23%17%
Dec 202326%−24%30%28%6.9%
Mar 202423%−25%24%24%−3.4%
Jun 202427%−31%22%26%16%
Sep 202431%−22%19%27%16%
Dec 202430%−13%22%27%17%
Mar 202534%−15%22%25%18%
Jun 202534%−0.7%23%26%16%
Sep 202536%2.8%21%27%2.6%
Dec 202536%11%24%28%10%
Mar 202637%22%25%—7.5%
Jun 202636%28%25%20%−14%
Sep 2026——28%27%22%

Margin change, by reported quarter

  • Ubiquiti Inc. +1.9 pp
  • Lumentum Holdings Inc. +28.7 pp
  • Cisco Systems, Inc. +6.6 pp
  • Motorola Solutions, Inc. +0.8 pp
  • Frequency Electronics, Inc. +19.6 pp
Margin change, by reported quarter
QuarterUbiquiti Inc.Lumentum Holdings Inc.Cisco Systems, Inc.Motorola Solutions, Inc.Frequency Electronics, Inc.
Dec 2021—————
Mar 2022—————
Jun 2022−12.9 pp———−59.0 pp
Sep 2022−10.7 pp+4.9 pp−1.0 pp+0.4 pp−24.9 pp
Dec 2022+0.3 pp−19.8 pp−0.8 pp+1.3 pp−27.8 pp
Mar 2023+11.7 pp—−1.4 pp—+9.0 pp
Jun 2023+3.9 pp−21.8 pp−0.4 pp+4.6 pp+61.4 pp
Sep 2023+3.2 pp−21.3 pp+3.2 pp+3.6 pp+54.5 pp
Dec 2023−3.4 pp−28.2 pp+4.2 pp+3.7 pp+32.4 pp
Mar 2024−6.6 pp—−1.7 pp—−6.5 pp
Jun 2024−2.0 pp−21.3 pp−5.8 pp+5.5 pp+13.0 pp
Sep 2024+3.0 pp−16.9 pp−10.0 pp+4.3 pp−0.9 pp
Dec 2024+3.8 pp+11.0 pp−8.3 pp−1.0 pp+9.6 pp
Mar 2025+11.6 pp+9.3 pp−2.0 pp+0.9 pp+21.7 pp
Jun 2025+7.1 pp+30.6 pp+1.0 pp+0.4 pp+0.4 pp
Sep 2025+5.0 pp+24.4 pp+1.7 pp−0.5 pp−13.1 pp
Dec 2025+6.1 pp+23.4 pp+1.7 pp+0.6 pp−6.5 pp
Mar 2026+2.7 pp+37.2 pp+2.6 pp—−10.8 pp
Jun 2026+1.9 pp+28.7 pp+2.1 pp−6.6 pp−30.4 pp
Sep 2026——+6.6 pp+0.8 pp+19.6 pp

29 of 29 companies report OPM, 29 of 29 margin change.

OPM · highest

Margin change · fastest expanders

  1. 1AST SpaceMobile, Inc.ASTS+5,752.7 pp
  2. 2Lumentum Holdings Inc.LITE+28.7 pp
  3. 3Frequency Electronics, Inc.FEIM+19.6 pp
  4. 4Silicom Ltd.SILC+12.6 pp
  5. 5Ciena CorporationCIEN+11.9 pp

All-company data · latest reported quarter

Operating margin, every company
CompanyOPMMargin changeReported
Ubiquiti Inc. UI36%+1.9 ppJun 2026
Lumentum Holdings Inc. LITE28%+28.7 ppJun 2026
Cisco Systems, Inc. CSCO28%+6.6 ppSep 2026
Motorola Solutions, Inc. MSI27%+0.8 ppSep 2026
Frequency Electronics, Inc. FEIM22%+19.6 ppSep 2026
Zebra Technologies Corporation ZBRA21%+6.7 ppSep 2026
Ciena Corporation CIEN18%+11.9 ppSep 2026
Harmonic Inc. HLIT18%+10.3 ppSep 2026
Digi International Inc. DGII17%+2.6 ppJun 2026
BK Technologies Corporation BKTI16%−2.5 ppJun 2026
Viavi Solutions Inc. VIAV14%+8.9 ppJun 2026
Hewlett Packard Enterprise Company HPE13%+7.2 ppSep 2026
Belden Inc. BDC11%−0.3 ppJun 2026
Nokia Oyj NOK11%+3.8 ppSep 2026
Gilat Satellite Networks Ltd. GILT9.5%+6.2 ppJun 2026
Extreme Networks, Inc. EXTR6.4%+7.0 ppJun 2026
Aviat Networks, Inc. AVNW6.3%+1.5 ppSep 2026
Clearfield, Inc. CLFD5.9%+2.0 ppJun 2026
AudioCodes Ltd. AUDC5.1%+0.8 ppJun 2026
Viasat, Inc. VSAT4.4%−0.4 ppJun 2026
Vistance Networks, Inc. VISN2.2%−2.5 ppJun 2026
Lantronix, Inc. LTRX−0.2%+7.4 ppJun 2026
ADTRAN Holdings, Inc. ADTN−3.5%+1.5 ppJun 2026
NETGEAR, Inc. NTGR−4.4%+0.2 ppJun 2026
Silicom Ltd. SILC−8.4%+12.6 ppJun 2026
Applied Optoelectronics, Inc. AAOI−13%+2.6 ppJun 2026
Telesat Corporation TSAT−15%−33.0 ppJun 2026
Ondas Inc. ONDS−166%−18.8 ppJun 2026
AST SpaceMobile, Inc. ASTS−545%+5,752.7 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current margin change rather than reversing it.

Which Communication Equipment companies earn the most profit?

Cisco Systems, Inc. has the highest Net profit among the 29 Communication Equipment companies compared here, at $13,267 million. Vistance Networks, Inc. is next at $7,222 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. earns the most, $13,267 million of profit over the last 12 months, 83.7% above Vistance Networks, Inc. Ciena Corporation shows at least 100% on the scoring scale (363.1% in full) growth from a profit base of $653 million. A fast rate from a small base matters less than a large profit that keeps coming.

Cisco Systems, Inc. · $13,267 millionLeader
83.7% versus #2 · Vistance Networks, Inc.Gap
6/8 recent comparable periodsPersistence
24/29 companies · 538 observationsCoverage

What this means: Cisco Systems, Inc. sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit, by reported quarter

  • Cisco Systems, Inc. $3.9B
  • Vistance Networks, Inc. $283M
  • Hewlett Packard Enterprise Company $1.5B
  • Ubiquiti Inc. $285M
  • Nokia Oyj $156M
Net profit, by reported quarter
QuarterCisco Systems, Inc.Vistance Networks, Inc.Hewlett Packard Enterprise CompanyUbiquiti Inc.Nokia Oyj
Dec 2021$3.0B−$101M$2.6B$104M$680M
Mar 2022$3.0B−$154M$513M$50M$219M
Jun 2022$3.0B−$76M$250M$93M$460M
Sep 2022$2.8B$8M$409M$93M$428M
Dec 2022$2.7B—−$304M$112M$3.2B
Mar 2023$2.8B−$12M$501M$99M$289M
Jun 2023$3.2B−$116M$418M$104M$289M
Sep 2023$4.0B−$844M$464M$88M$133M
Dec 2023$3.6B−$597M$642M$82M−$33M
Mar 2024$2.6B−$350M$387M$76M$438M
Jun 2024$1.9B$28M$314M$104M−$143M
Sep 2024$2.2B−$49M$512M$128M$175M
Dec 2024$2.7B−$10M$1.3B$137M$813M
Mar 2025$2.4B$767M$598M$180M−$60M
Jun 2025$2.5B$15M−$1.1B$267M$96M
Sep 2025$2.6B$91M$276M$208M$79M
Dec 2025$2.9B$1.3B$146M$234M$545M
Mar 2026$3.2B$5.5B$423M$234M$87M
Jun 2026$3.4B$283M$595M$285M$5M
Sep 2026$3.9B—$1.5B—$156M

Profit growth, by reported quarter

  • Cisco Systems, Inc. 51%
  • Vistance Networks, Inc. 1,787%
  • Hewlett Packard Enterprise Company 447%
  • Ubiquiti Inc. 6.7%
  • Nokia Oyj 97%
Profit growth, by reported quarter
QuarterCisco Systems, Inc.Vistance Networks, Inc.Hewlett Packard Enterprise CompanyUbiquiti Inc.Nokia Oyj
Dec 2021—————
Mar 2022—————
Jun 2022———−40%31%
Sep 2022−6.5%—4.3%−30%22%
Dec 2022−10%—−112%7.7%364%
Mar 2023−6.7%—−2.3%98%32%
Jun 20235.5%—67%12%−37%
Sep 202341%−10,650%13%−5.4%−69%
Dec 202336%——−27%−101%
Mar 2024−5.0%—−23%−23%52%
Jun 2024−41%—−25%0.0%−149%
Sep 2024−45%—10%45%32%
Dec 2024−25%—109%67%—
Mar 2025−7.8%—55%137%−114%
Jun 202532%−46%−444%157%—
Sep 202518%—−46%63%−55%
Dec 20255.5%—−89%71%−33%
Mar 202631%618%−29%30%—
Jun 202635%1,787%—6.7%−95%
Sep 202651%—447%—97%

24 of 29 companies report net profit, 12 of 29 profit growth. The profit growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Net profit, every company
CompanyNet profitProfit growthReported
Cisco Systems, Inc. CSCO$3.9B51%Sep 2026
Hewlett Packard Enterprise Company HPE$1.5B447%Sep 2026
Motorola Solutions, Inc. MSI$558M−1.1%Sep 2026
Ubiquiti Inc. UI$285M6.7%Jun 2026
Vistance Networks, Inc. VISN$283M1,787%Jun 2026
Ciena Corporation CIEN$266M432%Sep 2026
Zebra Technologies Corporation ZBRA$233M131%Sep 2026
Nokia Oyj NOK$156M97%Sep 2026
Belden Inc. BDC$69M13%Jun 2026
Viavi Solutions Inc. VIAV$33M313%Jun 2026
Extreme Networks, Inc. EXTR$18M267%Jun 2026
Digi International Inc. DGII$16M60%Jun 2026
Gilat Satellite Networks Ltd. GILT$8M−20%Jun 2026
Frequency Electronics, Inc. FEIM$4M300%Sep 2026
Clearfield, Inc. CLFD$3M50%Jun 2026
BK Technologies Corporation BKTI$3M−25%Jun 2026
Lantronix, Inc. LTRX$0M−167%Jun 2026
AudioCodes Ltd. AUDC$0M−50%Jun 2026
Aviat Networks, Inc. AVNW−$1M−150%Sep 2026
Harmonic Inc. HLIT−$2M−167%Sep 2026
Silicom Ltd. SILC−$2M−400%Jun 2026
NETGEAR, Inc. NTGR−$7M−106%Jun 2026
ADTRAN Holdings, Inc. ADTN−$10M−387%Jun 2026
Applied Optoelectronics, Inc. AAOI−$23M—Jun 2026
Viasat, Inc. VSAT−$43M−1,060%Jun 2026
Ondas Inc. ONDS−$89M—Jun 2026
Telesat Corporation TSAT−$166M−890%Jun 2026
AST SpaceMobile, Inc. ASTS−$231M−350%Jun 2026
Lumentum Holdings Inc. LITE−$7.2B−3,462%Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current profit growth rather than reversing it.

Which Communication Equipment companies earn the best return on capital?

Ubiquiti Inc. has the highest ROCE among the 29 Communication Equipment companies compared here, at 75.4%. BK Technologies Corporation is next at 27.3%. Ondas Inc. has the highest ROCE change at +23.1 percentage points, so level and change sit with different companies. 29 of 29 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Ubiquiti Inc. leads ROCE at 75.4%, 48.1 percentage points above BK Technologies Corporation. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

Ubiquiti Inc. · 75.4%Leader
176.2% versus #2 · BK Technologies CorporationGap
6/8 recent comparable periodsPersistence
29/29 companies · 538 observationsCoverage

What this means: Ubiquiti Inc. sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

ROCE, by reported quarter

  • Ubiquiti Inc. 75%
  • BK Technologies Corporation 27%
  • Motorola Solutions, Inc. 23%
  • Zebra Technologies Corporation 21%
  • Cisco Systems, Inc. 18%
ROCE, by reported quarter
QuarterUbiquiti Inc.BK Technologies CorporationMotorola Solutions, Inc.Zebra Technologies CorporationCisco Systems, Inc.
Dec 2021102%−3.1%23%23%19%
Mar 2022103%−11%——21%
Jun 202287%−25%23%22%21%
Sep 202273%−35%23%18%21%
Dec 202259%−39%24%17%21%
Mar 202351%−31%——21%
Jun 202352%−20%26%18%21%
Sep 202353%−7.0%27%16%22%
Dec 202350%−2.7%32%10%23%
Mar 202452%4.0%30%9.3%23%
Jun 202457%13%31%8.1%18%
Sep 202468%18%31%10%16%
Dec 202480%21%30%12%14%
Mar 2025137%24%30%13%14%
Jun 2025111%26%25%13%14%
Sep 2025101%29%23%13%14%
Dec 202592%31%23%12%15%
Mar 202684%30%——16%
Jun 202675%27%22%13%17%
Sep 2026——23%21%18%

ROCE change, by reported quarter

  • Ubiquiti Inc. −35.3 pp
  • BK Technologies Corporation +0.9 pp
  • Motorola Solutions, Inc. +0.3 pp
  • Zebra Technologies Corporation +8.4 pp
  • Cisco Systems, Inc. +3.9 pp
ROCE change, by reported quarter
QuarterUbiquiti Inc.BK Technologies CorporationMotorola Solutions, Inc.Zebra Technologies CorporationCisco Systems, Inc.
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022—————
Dec 2022−43.1 pp−36.3 pp+0.9 pp−6.5 pp+1.4 pp
Mar 2023−52.0 pp−19.4 pp——0.0 pp
Jun 2023−35.0 pp+5.4 pp+2.7 pp−4.3 pp+0.5 pp
Sep 2023−20.9 pp+28.4 pp+4.5 pp−1.7 pp+1.6 pp
Dec 2023−8.4 pp+36.7 pp+8.4 pp−6.7 pp+2.3 pp
Mar 2024+1.3 pp+34.5 pp——+2.2 pp
Jun 2024+5.8 pp+32.3 pp+5.5 pp−9.6 pp−3.3 pp
Sep 2024+15.5 pp+24.6 pp+3.3 pp−5.9 pp−6.6 pp
Dec 2024+29.2 pp+23.6 pp−2.7 pp+2.0 pp−9.0 pp
Mar 2025+85.2 pp+19.9 pp+0.6 pp+3.3 pp−8.6 pp
Jun 2025+53.3 pp+13.7 pp−6.9 pp+4.7 pp−3.7 pp
Sep 2025+33.3 pp+10.9 pp−8.0 pp+2.2 pp−1.2 pp
Dec 2025+12.6 pp+9.8 pp−6.4 pp−0.2 pp+1.1 pp
Mar 2026−53.4 pp+5.6 pp——+1.6 pp
Jun 2026−35.3 pp+0.9 pp−2.3 pp−0.2 pp+2.6 pp
Sep 2026——+0.3 pp+8.4 pp+3.9 pp

29 of 29 companies report ROCE, 29 of 29 ROCE change.

ROCE · highest

ROCE change · fastest improvers

  1. 1Ondas Inc.ONDS+23.1 pp
  2. 2Lumentum Holdings Inc.LITE+16.3 pp
  3. 3Harmonic Inc.HLIT+8.7 pp
  4. 4Zebra Technologies CorporationZBRA+8.4 pp
  5. 5Ciena CorporationCIEN+7.4 pp

All-company data · latest reported quarter

Return on capital, every company
CompanyROCEROCE changeReported
Ubiquiti Inc. UI75%−35.3 ppJun 2026
BK Technologies Corporation BKTI27%+0.9 ppJun 2026
Motorola Solutions, Inc. MSI23%+0.3 ppSep 2026
Zebra Technologies Corporation ZBRA21%+8.4 ppSep 2026
Cisco Systems, Inc. CSCO18%+3.9 ppSep 2026
Ciena Corporation CIEN13%+7.4 ppSep 2026
Extreme Networks, Inc. EXTR13%+6.5 ppJun 2026
Harmonic Inc. HLIT12%+8.7 ppSep 2026
Belden Inc. BDC11%+0.2 ppJun 2026
Lumentum Holdings Inc. LITE11%+16.3 ppJun 2026
Digi International Inc. DGII8.7%+0.4 ppJun 2026
Viavi Solutions Inc. VIAV8.4%+3.4 ppJun 2026
Nokia Oyj NOK7.3%+0.8 ppSep 2026
Hewlett Packard Enterprise Company HPE6.6%+1.8 ppSep 2026
AudioCodes Ltd. AUDC6.5%+0.6 ppJun 2026
Gilat Satellite Networks Ltd. GILT5.7%+3.1 ppJun 2026
Aviat Networks, Inc. AVNW5.7%−3.4 ppSep 2026
Frequency Electronics, Inc. FEIM4.5%−9.3 ppSep 2026
Viasat, Inc. VSAT0.8%+0.3 ppJun 2026
Telesat Corporation TSAT0.1%−2.1 ppJun 2026
ADTRAN Holdings, Inc. ADTN−0.1%+5.4 ppJun 2026
Clearfield, Inc. CLFD−0.5%−0.9 ppJun 2026
Lantronix, Inc. LTRX−2.5%+5.0 ppJun 2026
Applied Optoelectronics, Inc. AAOI−3.6%+4.7 ppJun 2026
NETGEAR, Inc. NTGR−4.8%+0.7 ppJun 2026
Ondas Inc. ONDS−7.4%+23.1 ppJun 2026
AST SpaceMobile, Inc. ASTS−8.4%+6.3 ppJun 2026
Silicom Ltd. SILC−8.7%+1.4 ppJun 2026
Vistance Networks, Inc. VISN−11%−6.5 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current roce change rather than reversing it.

How are Communication Equipment stocks valued against growth and quality?

Ubiquiti Inc. has the lowest PEG among the 29 Communication Equipment companies compared here, at 0.97×. Cisco Systems, Inc. is next at 1.09×. ADTRAN Holdings, Inc. has the lowest P/E at −718.5×, so level and change sit with different companies. 10 of 29 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Ubiquiti Inc. has the lowest comparable PEG at 0.97×, 11% below Cisco Systems, Inc. That would need today's multiple, the company's own history and steady growth to agree.

Ubiquiti Inc. · 0.97×Leader
11% versus #2 · Cisco Systems, Inc.Gap
0/8 recent comparable periodsPersistence
10/29 companies · 45 observationsCoverage

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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.

Valuation · company comparison

PEG, by reported quarter

  • Ubiquiti Inc. 1.0
  • Cisco Systems, Inc. 1.1
  • AudioCodes 1.3
  • Belden Inc. 1.6
  • BK Technologies Corporation 2.1
PEG, by reported quarter
QuarterUbiquiti Inc.Cisco Systems, Inc.AudioCodesBelden Inc.BK Technologies Corporation
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022—————
Dec 2022—————
Mar 2023—————
Jun 20232.5————
Sep 20231.12.0———
Dec 20233.20.8———
Mar 2024—0.8———
Jun 2024—2.5———
Sep 2024—————
Dec 20242.3————
Mar 20250.6—0.3——
Jun 2025—————
Sep 2025——1.32.1—
Dec 2025—2.4—0.80.4
Mar 2026—1.2—1.20.5
Jun 20261.01.3—1.62.1
Sep 2026—1.1———

P/E, by reported quarter

  • Ubiquiti Inc. 33.7×
  • Cisco Systems, Inc. 33.9×
  • AudioCodes 34.7×
  • Belden Inc. 19.1×
  • BK Technologies Corporation 23.7×
P/E, by reported quarter
QuarterUbiquiti Inc.Cisco Systems, Inc.AudioCodesBelden Inc.BK Technologies Corporation
Dec 202135.7×20.7×33.3×21.9×—
Mar 202240.7×19.8×25.7×——
Jun 202239.6×17.0×22.6×34.8×—
Sep 202252.2×15.9×24.6×27.3×—
Dec 202247.5×16.3×20.0×18.3×—
Mar 202341.4×17.6×———
Jun 202326.1×16.9×21.1×13.2×—
Sep 202321.8×16.8×24.8×13.9×−12.2×
Dec 202322.7×15.4×42.8×15.3×−19.0×
Mar 202420.0×15.8×35.8×17.5×−184.5×
Jun 202425.2×16.0×22.8×19.4×16.6×
Sep 202434.4×18.7×23.9×26.5×15.4×
Dec 202445.1×23.7×19.1×22.9×14.6×
Mar 202534.2×27.0×16.1×19.1×14.3×
Jun 202535.0×23.0×21.0×20.4×14.6×
Sep 202550.5×26.7×19.8×21.6×24.3×
Dec 202537.7×27.0×26.8×19.3×20.6×
Mar 202650.8×26.6×31.6×18.5×19.9×
Jun 202633.7×29.4×34.7×19.1×23.7×
Sep 2026—33.9×———

10 of 29 companies report PEG, 28 of 29 P/E.

PEG · lowest PEG

P/E · lowest P/E

  1. 1ADTRAN Holdings, Inc.ADTN−718.5×
  2. 2Viavi Solutions Inc.VIAV−383.9×
  3. 3Viasat, Inc.VSAT−182.5×
  4. 4Lantronix, Inc.LTRX−29.5×
  5. 5Harmonic Inc.HLIT−24.2×

All-company data · latest reported quarter

Valuation, every company
CompanyPEGP/EReported
Digi International Inc. DGII5.558.0×Jun 2026
Ciena Corporation CIEN4.781.6×Sep 2026
Hewlett Packard Enterprise Company HPE3.823.7×Sep 2026
Gilat Satellite Networks Ltd. GILT3.233.3×Jun 2026
Extreme Networks, Inc. EXTR3.2100.5×Jun 2026
BK Technologies Corporation BKTI2.123.7×Jun 2026
Belden Inc. BDC1.619.1×Jun 2026
AudioCodes Ltd. AUDC1.334.7×Jun 2026
Clearfield, Inc. CLFD1.2291.0×Jun 2026
Cisco Systems, Inc. CSCO1.133.9×Sep 2026
Ubiquiti Inc. UI1.033.7×Jun 2026
Zebra Technologies Corporation ZBRA0.923.6×Sep 2026
Motorola Solutions, Inc. MSI0.832.9×Sep 2026
Silicom Ltd. SILC0.312.4×Jun 2026
Lumentum Holdings Inc. LITE—114.5×Jun 2026
Nokia Oyj NOK—64.6×Sep 2026
Viasat, Inc. VSAT—−182.5×Jun 2026
Viavi Solutions Inc. VIAV—−383.9×Jun 2026
Ondas Inc. ONDS—26.0×Jun 2026
Vistance Networks, Inc. VISN—0.4×Jun 2026
Harmonic Inc. HLIT—−24.2×Sep 2026
Frequency Electronics, Inc. FEIM—237.1×Sep 2026
NETGEAR, Inc. NTGR—29.1×Jun 2026
Telesat Corporation TSAT—−4.8×Jun 2026
ADTRAN Holdings, Inc. ADTN—−718.5×Jun 2026
Lantronix, Inc. LTRX—−29.5×Jun 2026
Aviat Networks, Inc. AVNW—18.8×Sep 2026

What to watch

Watch whether the next two comparable periods confirm the current p/e rather than reversing it.

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 come from a very small starting figure.

Keep these limits visible

  • A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
  • The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

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 Sep 2026 and market data through 4 November 2026.

FundamentalsThrough Sep 2026 · up to 20 quarters per company
Market dataThrough 4 November 2026 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and old evidence lowers confidence and pulls the 0 to 100 score toward the middle.

What else do people ask about Communication Equipment stocks?

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 Sep 2026. Price and relative-strength answers run through 4 November 2026. Nothing here is estimated, and none of it is a recommendation.

Is the Communication Equipment sector outperforming S&P 500?

Communication Equipment has done better than the S&P 500 by 18.9% over 52 weeks, but is 17% behind over the last 13 weeks.

7 of 29 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months), and 11 of 29 are ahead of the industry itself.

Which Communication Equipment company is largest by revenue?

Cisco Systems, Inc. leads with revenue of $63,325 million, based on 24 of 29 comparable companies through Sep 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 72.1 out of 100, with 85.3% of the evidence available. The score ranks published data; it is not a recommendation.

Which Communication Equipment company has the lowest comparable PEG?

Ubiquiti Inc. has the lowest comparable PEG at 0.97, 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 Sep 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four parts add up 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 old evidence moves only that part toward the middle.

Which Communication Equipment company is the biggest?

Cisco Systems, Inc. is the largest, with revenue of $63,325 million over the last 12 months, ahead of Hewlett Packard Enterprise Company at $41,871 million. That covers 24 of 29 companies with comparable reporting through Sep 2026.

Which Communication Equipment company has the best profit margins?

Ubiquiti Inc. has the highest operating margin at 36.3%, from 29 of 29 comparable companies. AST SpaceMobile, Inc. shows the biggest improvement (+5752.7 percentage points; the chart above shows the starting level). A high margin matters most when it is steady or rising, not when it is at a peak.

Which Communication Equipment company makes the most profit?

Cisco Systems, Inc. earns the most, at $13,267 million of net profit over the last 12 months, from 24 of 29 comparable companies.

Ciena Corporation has the fastest profit growth at the 100% cap of the scoring scale, 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 75.4%, across 29 of 29 companies. A high return that repeats for years shows a lasting business, while a single high reading can come from a small capital base or one good year.

Which Communication Equipment stock has the lowest PEG ratio?

On PEG (where a lower number means a lower price for what the company earns), Ubiquiti Inc. has the lowest at 0.97×. Only 10 of 29 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a ranking of the whole industry.

A low multiple is a reason to look closer at the business, not a conclusion on its own.

Is the Communication Equipment sector beating the market?

Communication Equipment has done better than the S&P 500 by 18.9% over the last 52 weeks, but is 17% behind over the last 13 weeks, measured on an equal-weight index of its current members.

Inside the sector, 7 of the 29 companies we track 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?

Hewlett Packard Enterprise Company has the strongest relative strength against the S&P 500, meaning its share price has done best against the index. A price can move well before the business results back it up, and sometimes without them.

Which Communication Equipment company has the highest 4-Factor score?

Cisco Systems, Inc. scores 72.1 out of 100, with 85.3% of the evidence available, from 24.1 points on growth and earnings, 19.6 on capital efficiency, 12.8 on valuation and 15.6 on relative strength. It ranks published data only; management quality, upcoming events and risks are not part of the score.

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

This comparison covers 29 listed companies over up to 20 reported quarters of fundamentals, ending Sep 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 $803,847 million of combined market value. Cisco Systems, Inc. is the largest at $407,930 million, about 51% of the sector's total on its own. Market value moves with price, so this reading is dated 4 November 2026.

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 33.3×, measured on the 21 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 4 November 2026.

How is the Communication Equipment sector performing?

7 of the 29 Communication Equipment companies we track are doing better than the S&P 500 on relative strength (how a share price has done against the index over recent months).

The sector itself is 18.9% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 4 November 2026.

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 Sep 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 figures are never estimated, copied forward or swapped for a similar-looking line, and a company with missing evidence has its score pulled toward the middle rather than scored as bad.

Is this advice?

No, every figure here is worked out by code from company filings and market data, for research. It does not account for your situation and is not a substitute for advice from a registered adviser.

More lists

Every Sector Alpha list, grouped

Stock screens

Multibagger study listUndervalued stocksMomentum stocksBreakout stocksHigh growth stocks

Market lists

Stock market this weekNifty 50 companiesNifty Next 50 companies52 week high & low52 week low stocksDividend stocksBonus shares & stock splitsSmall & mid cap stocksPenny stocksInvITs in IndiaREITs in India

Themes

Defence stocksGold & silver stocksCopper & metal stocksSemiconductor stocksAI & data centre stocks

Sectors

Top 25 sectorsIT stocksBank stocksPharma stocksPower & green energy stocksOil & gas stocksReal estate, REIT & cementHotel stocksGold loan companies

US stocks

All US stock listsUS stock market this weekNasdaq 100 companiesS&P 500 companiesDow Jones 30 stocksTop US companiesUS tech stocksUS stock screenerUndervalued US stocksUS penny stocks

Crypto

Cryptocurrencies by market capCrypto market todayCrypto market this weekCrypto prices in INRCrypto gainers & losersMeme coinsAI crypto coinsAltcoinsNew crypto coinsStablecoinsCoins beating Bitcoin

Every US industry against its index · What changed this week · Plain-text data
Sector Alpha, written by code from the published numbers · Fundamentals through Sep 2026 · Prices through 4 November 2026. Every ranking is worked out by code from reported figures. Missing values stay missing.

X · Instagram · YouTube · About · Newsletter · Newsletter archive
This is research, not advice. We’re not SEBI-registered.