Comfortable leader
30 companies value 864 bn revenue 143 bn margin 21.5% free cash flow 27 bn avg. score 4.2
CSCO holds 48.6% of the group's value, 1.8x the runner-up · ANET leads the industry without being the largest
| Rank | Ticker | Company | Share | Value | Revenue | Margin | FCF | 5 years | FCF/px | Yield | What it does · why it is here |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CSCO | Cisco Systems United States · score 6.7 | 49% | 420 bn | 63 bn | 21.0% | 13 bn | 3.0% | 1.6% | Networking hardware, software and security · World's largest networking equipment maker | |
| 2 | ANET | Arista Networks United States · score 6.4 | 27% | 231 bn | 11 bn | 38.4% | 5.2 bn | 2.2% | — | Switches and networking software for cloud data centers · Leader in high-speed switches for AI data centers | |
| 3 | NOK | Nokia Finland · score 6.4 | 6% | 52 bn | 22 bn | 3.3% | 2.3 bn | 4.5% | 1.6% | Mobile network equipment and software, from Finland · Mobile and fixed network equipment, with a large patent portfolio | |
| 4 | CIEN | Ciena United States · score 5.5 | 6% | 49 bn | 6.0 bn | 10.9% | 0.8 bn | 1.7% | — | Optical networking equipment and software · Leader in long-haul optical transport for carriers and cloud providers | |
| 5 | UI | Ubiquiti United States · score 6.9 | 4% | 36 bn | 3.1 bn | 31.0% | 0.9 bn | 2.5% | 0.5% | Ubiquiti wireless networking gear and software · Wireless networking sold with almost no sales force, at high margins | |
| 6 | ERIC | Ericsson Sweden · score 7.5 | 4% | 35 bn | 24 bn | 12.1% | 3.1 bn | 8.8% | 2.8% | Mobile network equipment and software, from Sweden · One of the three global suppliers of radio equipment for mobile networks | |
| 7 | FFIV | F5, INC. United States · score 6.4 | 3% | 26 bn | 3.3 bn | 22.0% | 1.0 bn | 3.8% | — | Application delivery and security across multiple clouds · Washington — revenue of $3.3bn | |
| 8 | EXTR | EXTREME NETWORKS INC United States · score 5.7 | 0% | 2.9 bn | 1.3 bn | 3.3% | 0.1 bn | 3.3% | — | AI-powered cloud networking for enterprises · North Carolina — revenue of $1.3bn | |
| 9 | DGII | DIGI INTERNATIONAL INC United States · score 6.3 | 0% | 2.8 bn | 0.5 bn | 9.6% | 0.1 bn | 4.9% | — | Connectivity and Internet of Things solutions · Minnesota — revenue of $506m | |
| 10 | CALX | CALIX, INC United States · score 5.5 | 0% | 2.2 bn | 1.1 bn | 4.6% | 0.1 bn | 3.8% | — | Cloud platforms and services for broadband providers · California — revenue of $1.1bn | |
| 11 | ATEN | A10 Networks, Inc. United States · score 5.9 | 0% | 1.8 bn | 0.3 bn | 13.9% | 0.1 bn | 3.4% | 1.0% | Secure application and network infrastructure · California — revenue of $310m | |
| 12 | VISN | Vistance Networks, Inc. United States · score 6.3 | 0% | 1.3 bn | 2.0 bn | 365.4% | 0.1 bn | 6.5% | — | Infrastructure for TV, phone and internet providers · Texas — revenue of $2bn | |
| 13 | HLIT | HARMONIC INC. United States · score 2.5 | 0% | 1.2 bn | 0.4 bn | -10.6% | 0.0 bn | 0.1% | — | Broadband access solutions for operators · California — revenue of $444m | |
| 14 | NTGR | NETGEAR, INC. United States · score 0.5 | 0% | 0.6 bn | 0.7 bn | -3.7% | -0.0 bn | -2.8% | — | Networking technology for businesses, homes and service providers · California — revenue of $694m | |
| 15 | ADTN | ADTRAN Holdings, Inc. United States · score 3.3 | 0% | 0.5 bn | 1.1 bn | -2.3% | 0.1 bn | 10.9% | — | Optical transport and broadband access platforms · Alabama — revenue of $1.1bn | |
| 16 | CLFD | Clearfield, Inc. United States · score 3.8 | 0% | 0.4 bn | 0.1 bn | -4.7% | 0.0 bn | 1.8% | — | Fiber-optic protection, management and delivery for broadband · Minnesota — revenue of $154m | |
| 17 | ALLT | Allot Ltd. Israel · score 6.5 | 0% | 0.4 bn | 0.1 bn | 9.4% | 0.0 bn | 6.6% | — | Network intelligence and security for operators, from Israel · Israel — revenue of $109m | |
| 18 | RBBN | Ribbon Communications Inc. United States · score 4.3 | 0% | 0.3 bn | 0.8 bn | 2.0% | 0.0 bn | 2.7% | — | Communications technology for carriers and enterprises · Texas — revenue of $798m | |
| 19 | AVNW | AVIAT NETWORKS, INC. United States · score 3.7 | 0% | 0.3 bn | 0.4 bn | 0.6% | 0.0 bn | 2.4% | — | Microwave networks and wireless access · Texas — revenue of $440m | |
| 20 | AUDC | AUDIOCODES LTD Israel · score 6.9 | 0% | 0.3 bn | 0.3 bn | 3.6% | 0.0 bn | 8.4% | 4.0% | Voice communications for businesses and contact centers, from Israel · Israel — revenue of $246m | |
| 21 | LTRX | LANTRONIX INC United States · score 3.2 | 0% | 0.3 bn | 0.1 bn | -3.5% | 0.0 bn | 3.4% | — | Edge AI and industrial Internet of Things · California — revenue of $121m | |
| 22 | CRNT | CERAGON NETWORKS LTD Israel · score 4.4 | 0% | 0.2 bn | 0.3 bn | -0.9% | 0.0 bn | 10.1% | — | Wireless transport for mobile networks · Israel — revenue of $347m | |
| 23 | SILC | SILICOM LTD. Israel · score 0.1 | 0% | 0.2 bn | 0.1 bn | -13.0% | -0.0 bn | -9.8% | — | High-performance network cards and adapters, from Israel · Israel — revenue of $75m | |
| 24 | INSG | INSEEGO CORP. United States · score 0.0 | 0% | 0.1 bn | 0.2 bn | -6.4% | -0.0 bn | -11.4% | — | Long-range wireless networks and edge computing · California — revenue of $173m | |
| 25 | AIRG | AIRGAIN INC United States · score 0.1 | 0% | 0.1 bn | 0.1 bn | -13.6% | 0.0 bn | -5.7% | — | Radio-frequency solutions for mobile and cable operators · California — revenue of $51m | |
| 26 | FATN | Fatpipe Inc/UT United States · score 2.8 | 0% | 0.1 bn | 0.0 bn | 24.5% | 0.0 bn | -1.3% | — | Secure SD-WAN and integrated cybersecurity for businesses · Utah — revenue of $20m | |
| 27 | FKWL | FRANKLIN WIRELESS CORP United States · score 0.1 | 0% | 0.0 bn | 0.0 bn | -13.0% | -0.0 bn | -24.4% | 1.8% | Connectivity, Internet of Things and machine-to-machine communication · California — revenue of $37m | |
| 28 | UTSI | UTSTARCOM HOLDINGS CORP. China · score 0.0 | 0% | 0.0 bn | 0.0 bn | -88.5% | -0.0 bn | -44.2% | — | IP network solutions for cable and telecom operators · China — revenue of $9m | |
| 29 | PCLA | PicoCELA Inc. Japan · score 2.5 | — | — | 0.0 bn | — | 0.0 bn | — | — | Mesh WiFi networks, from Japan · Japan — revenue of $4m | |
| 30 | NUR | Nuran Wireless Inc. Canada · score 4.7 | — | — | 0.0 bn | — | — | — | — | — | Mobile network equipment, and rural networks built and operated for mobile operators in Africa · Canada — revenue of $3m |
Other industries in the same sector
- Sector overview
- AI semiconductors and processors 9 companies
- Hardware and devices 18 companies
- Infrastructure and cloud software 5 companies
- Semiconductor foundries 4 companies
- Memory 4 companies
- Semiconductor equipment 13 companies
- Enterprise software (SaaS) 38 companies
- Cybersecurity 20 companies
- Data and analytics 25 companies
- Analog and industrial semiconductors 19 companies
- IT services and consulting 46 companies
- Data storage 6 companies
and 31 industries more
- Electronic components and connectors 27 companies
- Connectivity and networking chips 6 companies
- Semiconductor IP 7 companies
- Design and engineering software 7 companies
- E-commerce platforms 9 companies
- RF and mobile chips 8 companies
- Chip testing and packaging 13 companies
- Measurement and test instruments 30 companies
- Internet infrastructure and CDN 9 companies
- Vertical software 36 companies
- Optics and photonics 14 companies
- Creative and document software 9 companies
- Electronics contract manufacturing 10 companies
- Digital advertising (adtech) 37 companies
- AI servers 5 companies
- Power semiconductors 8 companies
- Government and finance software 18 companies
- GPU cloud (neoclouds) 20 companies
- Communication and collaboration 14 companies
- HR and finance software 12 companies
- Identity and access management 10 companies
- Databases and developer tools 4 companies
- Quantum computing 9 companies
- Backup and data protection 3 companies
- Marketing software 13 companies
- Logistics software 8 companies
- Programmable chips 3 companies
- Game engines and tools 2 companies
- ATMs and retail automation 9 companies
- Printing and office equipment 7 companies
- Industrial robotics 1 company
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.