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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.

Industry: Communication Equipment
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
CLFD
CLEARFIELD INC
NASDAQ
Communication Equipment
$1.43B$103.941.99%$54.09M35.84x0.30
CSCO
CISCO SYSTEMS INC
NASDAQ
Communication Equipment
$170.60B$41.52-1.12%$16.79B14.67x1.36
LITE
LUMENTUM HOLDINGS INC
NASDAQ
Communication Equipment
$5.04B$73.97-0.42%$482.40M26.51x1.22
AVNW
AVIAT NETWORKS INC
NASDAQ
Communication Equipment
$319.60M$28.57-0.70%$35.96M15.12x0.61
ITRN
ITURAN LOCATION & CONTROL LTD
NASDAQ
Communication Equipment
$468.97M$22.88-0.22%$73.16M13.70x1.05
ZBRA
ZEBRA TECHNOLOGIES CORP
NASDAQ
Communication Equipment
$14.52B$280.35-0.54%$756.00M30.18x1.94
BOXL
BOXLIGHT CORP
NASDAQ
Communication Equipment
$45.57M$0.640.00%$3.91M-3.76x2.86
ERIC
ERICSSON LM TELEPHONE CO
NASDAQ
Communication Equipment
$19.11B$6.22-1.11%$3.34B8.59x1.81
CMBM
CAMBIUM NETWORKS CORP
NASDAQ
Communication Equipment
$489.94M$18.172.95%$12.87M72.68x0.99
AMPG
AMPLITECH GROUP INC
NASDAQ
Communication Equipment
$19.10M$1.980.66%-$3.19M-5.22x0.31
WTT
WIRELESS TELECOM GROUP INC
NYSEMKT
Communication Equipment
$28.30M$1.320.00%$9.48M3.30x0.23
HPE
HEWLETT PACKARD ENTERPRISE CO
NYSE
Communication Equipment
$16.61B$12.91-0.31%$6.70B4.55x1.80
JNPR
JUNIPER NETWORKS INC
NYSE
Communication Equipment
$8.88B$27.54-0.15%$691.70M22.95x1.09
EXTR
EXTREME NETWORKS INC
NASDAQ
Communication Equipment
$1.87B$14.280.85%$120.07M42.00x10.83
SATS
ECHOSTAR CORP
NASDAQ
Communication Equipment
$1.47B$17.645.50%$664.17M22.62x0.77
CIEN
CIENA CORP
NYSE
Communication Equipment
$6.21B$41.93-0.92%$425.45M32.25x0.84
MYNA
MYNARIC AG
NASDAQ
Communication Equipment
$112.72M$5.383.17%-$39.38M-1.89x0.27
AUDC
AUDIOCODES LTD
NASDAQ
Communication Equipment
$682.62M$21.46-2.94%$37.98M22.35x0.76
PEGY
PINEAPPLE ENERGY INC
NASDAQ
Communication Equipment
$33.83M$4.5564.86%$8.88M1.83x0.79
NTIP
NETWORK-1 TECHNOLOGIES INC
NYSEMKT
Communication Equipment
$53.48M$2.25-0.88%$4.30M17.31x0.02
VISL
VISLINK TECHNOLOGIES INC
NASDAQ
Communication Equipment
$20.15M$0.43-2.30%-$16.28M-0.99x0.18
AKTS
AKOUSTIS TECHNOLOGIES INC
NASDAQ
Communication Equipment
$169.33M$2.96-4.52%-$52.66M-2.72x0.56
NOK
NOKIA CORP
NYSE
Communication Equipment
$25.50B$4.51-1.10%$2.42B14.01x1.30
MSI
MOTOROLA SOLUTIONS INC
NYSE
Communication Equipment
$39.08B$234.20-1.12%$2.10B32.80x-27.32
MAXR
MAXAR TECHNOLOGIES INC
NYSE
Communication Equipment
$1.56B$21.09-1.59%$472.00M30.57x2.12
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
NASDAQ
Communication Equipment
$12.43M$2.18-3.11%N/A16.77x0.64
AIRG
AIRGAIN INC
NASDAQ
Communication Equipment
$72.74M$7.13-5.44%-$7.92M-6.04x0.40
ONDS
ONDAS HOLDINGS INC
NASDAQ
Communication Equipment
$162.56M$3.81-1.80%-$29.41M-5.15x0.08
ADTN
ADTRAN HOLDINGS INC
NASDAQ
Communication Equipment
$1.57B$20.22-2.27%$1.53M-72.21x0.72
VIAV
VIAVI SOLUTIONS INC
NASDAQ
Communication Equipment
$3.22B$14.242.23%$124.10M203.43x1.72
PCTI
PC TEL INC
NASDAQ
Communication Equipment
$86.85M$4.651.97%$3.37M-465.00x0.30
FKWL
FRANKLIN WIRELESS CORP
NASDAQ
Communication Equipment
$34.70M$2.97-2.30%-$3.83M-9.28x0.23
PWFL
POWERFLEET INC
NASDAQ
Communication Equipment
$116.53M$3.220.63%$3.18M-6.31x0.92
HLIT
HARMONIC INC
NASDAQ
Communication Equipment
$1.44B$13.753.93%$54.80M40.44x1.35
DGII
DIGI INTERNATIONAL INC
NASDAQ
Communication Equipment
$1.33B$37.65-0.05%$55.73M101.76x0.77
ALLT
ALLOT LTD
NASDAQ
Communication Equipment
$147.68M$4.01-4.30%-$11.65M-7.57x1.01
SWIR
SIERRA WIRELESS INC
NASDAQ
Communication Equipment
$1.19B$30.580.23%-$23.06M-22.65x1.14
LTRX
LANTRONIX INC
NASDAQ
Communication Equipment
$178.49M$5.080.59%$896.00k-31.75x0.72
MINM
MINIM INC
NASDAQ
Communication Equipment
$9.86M$0.21-3.64%-$5.41M-1.25x0.94
UTSI
UTSTARCOM HOLDINGS CORP
NASDAQ
Communication Equipment
$35.03M$3.88-1.52%-$2.97M-4.46x0.58
INFN
INFINERA CORP
NASDAQ
Communication Equipment
$1.16B$5.34-1.11%-$40.29M-6.14x11.60
UI
UBIQUITI INC
NYSE
Communication Equipment
$19.18B$317.360.09%$477.10M51.69x-3.21
SONM
SONIM TECHNOLOGIES INC
NASDAQ
Communication Equipment
$16.82M$0.49-2.58%-$32.39M-0.22x4.32
SYTA
SIYATA MOBILE INC
NASDAQ
Communication Equipment
$4.88M$0.32-10.28%-$13.17M-0.15x0.80
DZSI
DZS INC
NASDAQ
Communication Equipment
$347.00M$12.440.32%-$14.72M-19.75x1.51
PI
IMPINJ INC
NASDAQ
Communication Equipment
$2.27B$88.65-0.71%-$45.32M-39.93x-28.04
ITI
ITERIS INC
NASDAQ
Communication Equipment
$120.49M$2.830.00%-$5.56M-9.76x0.70
KVHI
KVH INDUSTRIES INC
NASDAQ
Communication Equipment
$171.10M$8.97-2.39%$9.16M-26.38x0.31
CMTL
COMTECH TELECOMMUNICATIONS CORP
NASDAQ
Communication Equipment
$292.82M$10.58-1.76%-$21.73M-6.49x0.86
TESS
TESSCO TECHNOLOGIES INC
NASDAQ
Communication Equipment
$38.54M$4.221.20%$983.30k-30.14x1.80
SILC
SILICOM LTD
NASDAQ
Communication Equipment
$248.92M$37.10-0.03%N/A19.69x0.47
GILT
GILAT SATELLITE NETWORKS LTD
NASDAQ
Communication Equipment
$310.78M$5.49-1.79%$18.67MN/A0.53
KN
KNOWLES CORP
NYSE
Communication Equipment
$1.19B$12.980.93%-$57.30M-11.39x0.21
NTGR
NETGEAR INC
NASDAQ
Communication Equipment
$625.54M$21.770.74%-$46.45M-11.16x0.58
CLRO
CLEARONE INC
NASDAQ
Communication Equipment
$13.05M$0.55-5.22%-$2.71M-1.76x0.16
VSAT
VIASAT INC
NASDAQ
Communication Equipment
$3.04B$40.24-1.28%$458.78M-54.38x1.43
MITQ
MOVING IMAGE TECHNOLOGIES INC
NYSEMKT
Communication Equipment
$12.44M$1.145.09%-$1.19M-8.73x0.58
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
NASDAQ
Communication Equipment
$1.69B$11.57-0.34%N/AN/A0.19
COMM
COMMSCOPE HOLDING COMPANY INC
NASDAQ
Communication Equipment
$2.44B$11.700.86%$874.60M-5.13x-26.14
ASNS
ACTELIS NETWORKS INC
NASDAQ
Communication Equipment
$14.22M$0.82-3.41%N/AN/A1.52
BKTI
BK TECHNOLOGIES CORP
NYSEMKT
Communication Equipment
$41.35M$2.443.83%-$9.65M-3.75x1.02
CRNT
CERAGON NETWORKS LTD
NASDAQ
Communication Equipment
$152.07M$1.81-2.16%$14.57M-9.05x1.31
FEIM
FREQUENCY ELECTRONICS INC
NASDAQ
Communication Equipment
$50.57M$5.430.56%-$7.09M-4.98x0.90
CASA
CASA SYSTEMS INC
NASDAQ
Communication Equipment
$328.56M$3.480.29%-$18.35M-6.21x5.25
OCC
OPTICAL CABLE CORP
NASDAQ
Communication Equipment
$28.02M$3.551.14%$289.02k-16.90x0.87
INSG
INSEEGO CORP
NASDAQ
Communication Equipment
$230.40M$2.140.47%-$22.22M-3.82x-5.38
CAMP
CALAMP CORP
NASDAQ
Communication Equipment
$157.89M$4.262.16%-$6.21M-3.74x16.00
TSAT
TELESAT CORP
NASDAQ
Communication Equipment
$388.05M$7.83-5.43%N/AN/A9.69
WLDS
WEARABLE DEVICES LTD
NASDAQ
Communication Equipment
$14.24M$0.96-9.43%N/AN/A-1.59

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in Oct 2022?

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

1. Clearfield (NASDAQ:CLFD)


Clearfield (NASDAQ:CLFD) is the top communication equipment stock with a Zen Score of 57, which is 25 points higher than the communication equipment industry average of 32. It passed 19 out of 33 due diligence checks and has strong fundamentals. Clearfield has seen its stock return 107.71% over the past year, overperforming other communication equipment stocks by 124 percentage points.

Clearfield has an average 1 year price target of $73.50, a downside of -29.29% from Clearfield's current stock price of $103.94.

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.

2. Cisco (NASDAQ:CSCO)


Cisco (NASDAQ:CSCO) is the second best communication equipment stock with a Zen Score of 56, which is 24 points higher than the communication equipment industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock lose -23.03% over the past year, underperforming other communication equipment stocks by -7 percentage points.

Cisco has an average 1 year price target of $51.71, an upside of 24.53% from Cisco's current stock price of $41.52.

Cisco stock has a consensus Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Cisco, 11.76% have issued a Strong Buy rating, 29.41% have issued a Buy, 52.94% have issued a hold, while 0% have issued a Sell rating, and 5.88% have issued a Strong Sell.

3. Lumentum Holdings (NASDAQ:LITE)


Lumentum Holdings (NASDAQ:LITE) is the third best communication equipment stock with a Zen Score of 53, which is 21 points higher than the communication equipment industry average of 32. It passed 17 out of 33 due diligence checks and has strong fundamentals. Lumentum Holdings has seen its stock lose -9.63% over the past year, overperforming other communication equipment stocks by 6 percentage points.

Lumentum Holdings has an average 1 year price target of $109.27, an upside of 47.73% from Lumentum Holdings's current stock price of $73.97.

Lumentum Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Lumentum Holdings, 63.64% have issued a Strong Buy rating, 27.27% have issued a Buy, 9.09% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the communication equipment stocks with highest dividends?

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:

1. Tel (NASDAQ:PCTI)


Tel (NASDAQ:PCTI) has an annual dividend yield of 4.73%, which is 2 percentage points higher than the communication equipment industry average of 2.51%. 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 -2,200% indicates that its dividend yield might not be sustainable for the long-term.

2. Network 1 Technologies (NYSEMKT:NTIP)


Network 1 Technologies (NYSEMKT:NTIP) has an annual dividend yield of 4.44%, which is 2 percentage points higher than the communication equipment industry average of 2.51%. 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 76.9% indicates that its dividend yield is sustainable for the long-term.

3. Ericsson Lm Telephone Co (NASDAQ:ERIC)


Ericsson Lm Telephone Co (NASDAQ:ERIC) has an annual dividend yield of 4.03%, which is 2 percentage points higher than the communication equipment industry average of 2.51%. Ericsson Lm Telephone Co's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Ericsson Lm Telephone Co's dividend has not shown consistent growth over the last 10 years.

Ericsson Lm Telephone Co's dividend payout ratio of 32.7% indicates that its dividend yield is sustainable for the long-term.

Why are communication equipment stocks down?

Communication equipment stocks were down -0.18% in the last day, and up 6.51% over the last week.

We couldn't find a catalyst for why communication equipment stocks are down.

What are the most undervalued communication equipment stocks?

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

1. Pineapple Energy (NASDAQ:PEGY)


Pineapple Energy (NASDAQ:PEGY) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Pineapple Energy has a valuation score of 100, which is 64 points higher than the communication equipment industry average of 36. It passed 7 out of 7 valuation due diligence checks.

Pineapple Energy's stock has dropped -85.89% in the past year. It has underperformed other stocks in the communication equipment industry by -70 percentage points.

2. Ericsson Lm Telephone Co (NASDAQ:ERIC)


Ericsson Lm Telephone Co (NASDAQ:ERIC) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Ericsson Lm Telephone Co has a valuation score of 86, which is 50 points higher than the communication equipment industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Ericsson Lm Telephone Co's stock has dropped -45.15% in the past year. It has underperformed other stocks in the communication equipment industry by -29 percentage points.

3. Aviat Networks (NASDAQ:AVNW)


Aviat Networks (NASDAQ:AVNW) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Aviat Networks has a valuation score of 86, which is 50 points higher than the communication equipment industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Aviat Networks's stock has dropped -18.51% in the past year. It has underperformed other stocks in the communication equipment industry by -3 percentage points.

Are communication equipment stocks a good buy now?

47.27% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 33.99% over the next year.

What is the average p/e ratio of the communication equipment industry?

The average P/E ratio of the communication equipment industry is 19.44x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.