Sectors & IndustriesTechnologyCommunication Equipment

Best Communication Equipment Stocks to Buy Now (2022)

Top communication equipment stocks in 2022 ranked by overall Zen Score. See the best communication equipment stocks to buy now, according to analyst forecasts for the communication equipment industry.

According to Zen Score, the 3 best communication equipment stocks to buy right now are:

CLEARFIELD (NASDAQ:CLFD) is the top communication equipment stock with a Zen Score of 70, which is 36 points higher than the communication equipment industry average of 34. It passed 24 out of 33 due diligence checks and has strong fundamentals. CLEARFIELD has seen its stock return 53.04% over the past year, overperforming other communication equipment stocks by 74 percentage points.

CLEARFIELD has an average 1 year price target of $64.50, an upside of 16.43% from CLEARFIELD's current stock price of $55.40.

CLEARFIELD stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering CLEARFIELD, 0% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 50% have issued a Sell rating, and 0% have issued a Strong Sell.

ZEBRA TECHNOLOGIES (NASDAQ:ZBRA) is the second best communication equipment stock with a Zen Score of 65, which is 31 points higher than the communication equipment industry average of 34. It passed 22 out of 33 due diligence checks and has strong fundamentals. ZEBRA TECHNOLOGIES has seen its stock lose -35.63% over the past year, underperforming other communication equipment stocks by -14 percentage points.

ZEBRA TECHNOLOGIES has an average 1 year price target of $532.00, an upside of 64.77% from ZEBRA TECHNOLOGIES's current stock price of $322.88.

ZEBRA TECHNOLOGIES stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering ZEBRA TECHNOLOGIES, 40% have issued a Strong Buy rating, 40% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

CAMBIUM NETWORKS (NASDAQ:CMBM) is the third best communication equipment stock with a Zen Score of 60, which is 26 points higher than the communication equipment industry average of 34. It passed 20 out of 33 due diligence checks and has strong fundamentals. CAMBIUM NETWORKS has seen its stock lose -75.81% over the past year, underperforming other communication equipment stocks by -54 percentage points.

CAMBIUM NETWORKS has an average 1 year price target of $31.60, an upside of 139.76% from CAMBIUM NETWORKS's current stock price of $13.18.

CAMBIUM NETWORKS stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering CAMBIUM NETWORKS, 16.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 15 communication equipment stocks that have issued dividends in the past year, the 3 communication equipment stocks with the highest dividend yields are:

TEL (NASDAQ:PCTI) has an annual dividend yield of 5.47%, which is 3 percentage points higher than the communication equipment industry average of 2.3%. TEL's dividend payout is stable, having never dropped by more than 10% in the last 10 years. TEL's dividend has shown consistent growth over the last 10 years.

TEL's dividend payout ratio of -550% indicates that its high dividend yield might not be sustainable for the long-term.

NETWORK-1 TECHNOLOGIES (NYSEMKT:NTIP) has an annual dividend yield of 4.18%, which is 2 percentage points higher than the communication equipment industry average of 2.3%. NETWORK-1 TECHNOLOGIES's dividend payout is stable, having never dropped by more than 10% in the last 10 years. NETWORK-1 TECHNOLOGIES's dividend has not shown consistent growth over the last 10 years.

NETWORK-1 TECHNOLOGIES's dividend payout ratio of 62.5% indicates that its high dividend yield is sustainable for the long-term.

BK TECHNOLOGIES (NYSEMKT:BKTI) has an annual dividend yield of 3.92%, which is 2 percentage points higher than the communication equipment industry average of 2.3%. BK TECHNOLOGIES's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. BK TECHNOLOGIES's dividend has not shown consistent growth over the last 10 years.

BK TECHNOLOGIES's dividend payout ratio of -38.5% indicates that its dividend yield might not be sustainable for the long-term.

Communication equipment stocks were down -1.33% in the last day, and down -3.52% over the last week. ACTELIS NETWORKS was the among the top losers in the communication equipment industry, dropping -9.52% yesterday.

Shares of several companies in the broader technology sector are trading lower amid a continued selloff in stocks. The sector is also under pressure following Snap's Q2 warning.

Based on WallStreetZen's Valuation Score, the 3 most undervalued communication equipment stocks right now are:

ERICSSON LM TELEPHONE (NASDAQ:ERIC) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. ERICSSON LM TELEPHONE has a valuation score of 86, which is 52 points higher than the communication equipment industry average of 34. It passed 6 out of 7 valuation due diligence checks.

ERICSSON LM TELEPHONE's stock has dropped -40.27% in the past year. It has underperformed other stocks in the communication equipment industry by -19 percentage points.

AVIAT NETWORKS (NASDAQ:AVNW) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. AVIAT NETWORKS has a valuation score of 71, which is 37 points higher than the communication equipment industry average of 34. It passed 5 out of 7 valuation due diligence checks.

AVIAT NETWORKS's stock has dropped -19.34% in the past year. It has overperformed other stocks in the communication equipment industry by 2 percentage points.

CAMBIUM NETWORKS (NASDAQ:CMBM) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. CAMBIUM NETWORKS has a valuation score of 57, which is 23 points higher than the communication equipment industry average of 34. It passed 4 out of 7 valuation due diligence checks.

CAMBIUM NETWORKS's stock has dropped -75.81% in the past year. It has underperformed other stocks in the communication equipment industry by -54 percentage points.