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Best Communication Equipment Stocks to Buy Now (2024)
Top communication equipment stocks in 2024 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
ITRN
ITURAN LOCATION & CONTROL LTD
NASDAQ
Communication Equipment
$516.05M$25.94-3.46%$85.93M10.33x0.78
AVNW
AVIAT NETWORKS INC
NASDAQ
Communication Equipment
$369.17M$29.38-1.08%$27.02M25.55x0.90
MSI
MOTOROLA SOLUTIONS INC
NYSE
Communication Equipment
$63.98B$383.600.20%$2.24B46.05x24.55
AUDC
AUDIOCODES LTD
NASDAQ
Communication Equipment
$303.03M$9.990.91%$21.02M27.75x0.83
ITI
ITERIS INC
NASDAQ
Communication Equipment
$183.93M$4.281.66%$9.19M61.14x0.77
HLIT
HARMONIC INC
NASDAQ
Communication Equipment
$1.29B$11.09-3.14%$13.45M17.60x0.81
HPE
HEWLETT PACKARD ENTERPRISE CO
NYSE
Communication Equipment
$28.38B$21.840.83%$4.81B15.60x1.75
CSCO
CISCO SYSTEMS INC
NASDAQ
Communication Equipment
$185.20B$45.970.61%$17.11B15.37x1.69
UI
UBIQUITI INC
NYSE
Communication Equipment
$8.76B$144.83-1.10%$523.58M25.01x46.30
DGII
DIGI INTERNATIONAL INC
NASDAQ
Communication Equipment
$808.97M$22.24-0.89%$70.00M55.60x0.50
NOK
NOKIA CORP
NYSE
Communication Equipment
$20.66B$3.68-0.27%$2.24B28.31x0.94
GILT
GILAT SATELLITE NETWORKS LTD
NASDAQ
Communication Equipment
$258.86M$4.54-5.22%$40.18M11.07x0.52
SONM
SONIM TECHNOLOGIES INC
NASDAQ
Communication Equipment
$37.37M$0.80-8.05%-$366.00k-10.00x1.14
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
NASDAQ
Communication Equipment
$16.78M$2.925.04%N/A8.34x0.72
JNPR
JUNIPER NETWORKS INC
NYSE
Communication Equipment
$11.55B$35.540.11%$395.40M50.06x1.12
PWFL
POWERFLEET INC
NASDAQ
Communication Equipment
$462.68M$4.31-3.15%$8.78M-8.80x1.39
FEIM
FREQUENCY ELECTRONICS INC
NASDAQ
Communication Equipment
$86.43M$9.11-0.22%$5.86M26.79x1.12
TSAT
TELESAT CORP
NASDAQ
Communication Equipment
$106.02M$7.790.13%$490.65M1.07x5.83
KN
KNOWLES CORP
NYSE
Communication Equipment
$1.56B$17.42-2.02%$112.20M19.57x0.44
UTSI
UTSTARCOM HOLDINGS CORP
NASDAQ
Communication Equipment
$23.70M$2.600.00%-$1.15M-6.19x0.51
VISL
VISLINK TECHNOLOGIES INC
NASDAQ
Communication Equipment
$9.94M$4.06-1.69%-$7.39M-1.17x0.26
BDC
BELDEN INC
NYSE
Communication Equipment
$3.91B$96.03-0.33%$389.58M18.50x1.70
FKWL
FRANKLIN WIRELESS CORP
NASDAQ
Communication Equipment
$37.53M$3.191.43%-$5.01M-10.27x0.32
KVHI
KVH INDUSTRIES INC
NASDAQ
Communication Equipment
$92.07M$4.67-1.06%-$4.97M-4.81x0.16
CIEN
CIENA CORP
NYSE
Communication Equipment
$6.69B$46.58-1.02%$425.66M44.79x0.95
PI
IMPINJ INC
NASDAQ
Communication Equipment
$4.08B$147.17-2.63%$14.54M-639.87x3.82
CLFD
CLEARFIELD INC
NASDAQ
Communication Equipment
$544.28M$38.24-3.39%$3.67M-147.08x0.13
ONDS
ONDAS HOLDINGS INC
NASDAQ
Communication Equipment
$48.38M$0.73-1.88%-$31.20M-0.96x1.73
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
NASDAQ
Communication Equipment
$4.77B$29.212.20%-$21.65M-127.00x0.11
LTRX
LANTRONIX INC
NASDAQ
Communication Equipment
$134.16M$3.57-5.05%$3.34M-19.83x0.89
ADTN
ADTRAN HOLDINGS INC
NASDAQ
Communication Equipment
$393.21M$4.970.81%-$411.67M-0.71x2.34
CMBM
CAMBIUM NETWORKS CORP
NASDAQ
Communication Equipment
$80.90M$2.90-0.68%-$83.14M-0.74x2.94
MOB
MOBILICOM LTD
NASDAQ
Communication Equipment
$4.00M$0.754.44%N/A-0.01x0.41
ASTS
AST SPACEMOBILE INC
NASDAQ
Communication Equipment
$2.93B$11.39-3.06%-$17.19M-11.39x1.31
AIRG
AIRGAIN INC
NASDAQ
Communication Equipment
$70.81M$6.5717.11%-$8.50M-5.71x0.40
CRNT
CERAGON NETWORKS LTD
NASDAQ
Communication Equipment
$215.25M$2.522.44%$31.06M50.40x1.12
SYTA
SIYATA MOBILE INC
NASDAQ
Communication Equipment
$758.71k$1.330.00%-$5.48M-0.21x1.04
AMPG
AMPLITECH GROUP INC
NASDAQ
Communication Equipment
$10.40M$1.071.42%-$5.44M-1.57x0.21
AAOI
APPLIED OPTOELECTRONICS INC
NASDAQ
Communication Equipment
$390.64M$10.04-1.28%-$33.86M-5.58x0.79
EXTR
EXTREME NETWORKS INC
NASDAQ
Communication Equipment
$1.60B$12.28-0.57%$65.16M-204.67x15.71
MITQ
MOVING IMAGE TECHNOLOGIES INC
NYSEMKT
Communication Equipment
$6.22M$0.615.16%-$1.90M-2.91x1.01
BOXL
BOXLIGHT CORP
NASDAQ
Communication Equipment
$6.81M$0.70-2.11%-$20.97M-0.15x11.54
NTGR
NETGEAR INC
NASDAQ
Communication Equipment
$428.22M$14.730.61%-$20.73M-3.84x0.57
ERIC
ERICSSON LM TELEPHONE CO
NASDAQ
Communication Equipment
$19.76B$5.910.85%-$1.91B-7.61x2.01
BKTI
BK TECHNOLOGIES CORP
NYSEMKT
Communication Equipment
$47.30M$13.40-1.90%$2.07M-167.50x1.35
SILC
SILICOM LTD
NASDAQ
Communication Equipment
$96.75M$15.42-2.41%N/A-3.07x0.13
VSAT
VIASAT INC
NASDAQ
Communication Equipment
$1.66B$13.20-5.85%$349.54M-1.45x2.24
LITE
LUMENTUM HOLDINGS INC
NASDAQ
Communication Equipment
$3.35B$49.58-0.84%-$16.00M-9.44x2.57
ZBRA
ZEBRA TECHNOLOGIES CORP
NASDAQ
Communication Equipment
$15.18B$295.25-2.36%$579.00M58.23x1.29
CLRO
CLEARONE INC
NASDAQ
Communication Equipment
$16.54M$0.69-1.29%$281.00k-9.86x0.70
DZSI
DZS INC
NASDAQ
Communication Equipment
$43.00M$1.38-1.43%-$34.42M-0.78x1.82
CMTL
COMTECH TELECOMMUNICATIONS CORP
NASDAQ
Communication Equipment
$115.97M$4.0787.56%$19.85M-2.89x1.02
INFN
INFINERA CORP
NASDAQ
Communication Equipment
$1.21B$5.16-2.82%$37.79M-15.18x8.69
AKTS
AKOUSTIS TECHNOLOGIES INC
NASDAQ
Communication Equipment
$12.04M$0.12-4.69%-$61.66M-0.12x1.45
VIAV
VIAVI SOLUTIONS INC
NASDAQ
Communication Equipment
$1.68B$7.530.67%$97.90M-376.50x1.47
INSG
INSEEGO CORP
NASDAQ
Communication Equipment
$103.74M$8.735.69%-$12.47M-2.10x-2.16
MYNA
MYNARIC AG
NASDAQ
Communication Equipment
$108.68M$4.305.39%-$71.42M-1.03x-3.42
SYNX
SILYNXCOM LTD
NYSEMKT
Communication Equipment
$19.13M$3.7716.94%-$2.58M-4.23x1.78
SATS
ECHOSTAR CORP
NASDAQ
Communication Equipment
$4.63B$17.04-3.02%$8.23M-2.42x1.81
OCC
OPTICAL CABLE CORP
NASDAQ
Communication Equipment
$21.70M$2.75-0.36%-$2.08M-5.09x0.83
KSCP
KNIGHTSCOPE INC
NASDAQ
Communication Equipment
$27.61M$0.26-12.54%-$24.72M-0.74x-0.62
MINM
MINIM INC
NASDAQ
Communication Equipment
$7.92M$2.82-6.00%-$15.94M-0.35x17.05
ASNS
ACTELIS NETWORKS INC
NASDAQ
Communication Equipment
$7.11M$2.1284.35%-$5.56M-0.97x-7.21
COMM
COMMSCOPE HOLDING COMPANY INC
NASDAQ
Communication Equipment
$256.85M$1.212.54%-$384.30M-0.14x-3.24
SATX
SATIXFY COMMUNICATIONS LTD
NYSEMKT
Communication Equipment
$51.94M$0.60-1.48%N/AN/A-1.59

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in Jun 2024?

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

1. Ituran Location & Control (NASDAQ:ITRN)


Ituran Location & Control (NASDAQ:ITRN) is the top communication equipment stock with a Zen Score of 59, which is 33 points higher than the communication equipment industry average of 26. It passed 21 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock return 4.26% over the past year, overperforming other communication equipment stocks by 7 percentage points.

2. Aviat Networks (NASDAQ:AVNW)


Aviat Networks (NASDAQ:AVNW) is the second best communication equipment stock with a Zen Score of 54, which is 28 points higher than the communication equipment industry average of 26. It passed 17 out of 33 due diligence checks and has strong fundamentals. Aviat Networks has seen its stock lose -9.07% over the past year, underperforming other communication equipment stocks by -6 percentage points.

Aviat Networks has an average 1 year price target of $52.50, an upside of 78.69% from Aviat Networks's current stock price of $29.38.

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

3. Motorola Solutions (NYSE:MSI)


Motorola Solutions (NYSE:MSI) is the third best communication equipment stock with a Zen Score of 51, which is 25 points higher than the communication equipment industry average of 26. It passed 20 out of 38 due diligence checks and has strong fundamentals. Motorola Solutions has seen its stock return 37.44% over the past year, overperforming other communication equipment stocks by 41 percentage points.

Motorola Solutions has an average 1 year price target of $392.40, an upside of 2.29% from Motorola Solutions's current stock price of $383.60.

Motorola Solutions stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Motorola Solutions, 80% have issued a Strong Buy rating, 20% have issued a Buy, 0% 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 11 communication equipment stocks that have issued dividends in the past year, the 3 communication equipment stocks with the highest dividend yields are:

1. Audiocodes (NASDAQ:AUDC)


Audiocodes (NASDAQ:AUDC) has an annual dividend yield of 5.41%, which is 3 percentage points higher than the communication equipment industry average of 2.57%. Audiocodes's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Audiocodes's dividend has not shown consistent growth over the last 10 years.

Audiocodes's dividend payout ratio of 100% indicates that its high dividend yield might not be sustainable for the long-term.

2. Ituran Location & Control (NASDAQ:ITRN)


Ituran Location & Control (NASDAQ:ITRN) has an annual dividend yield of 5.09%, which is 3 percentage points higher than the communication equipment industry average of 2.57%. Ituran Location & Control's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Ituran Location & Control's dividend has shown consistent growth over the last 10 years.

Ituran Location & Control's dividend payout ratio of 37.1% indicates that its high 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 4.3%, which is 2 percentage points higher than the communication equipment industry average of 2.57%. Ericsson Lm Telephone Co's dividend payout is not stable, having dropped more than 10% four 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 -33.1% indicates that its dividend yield might not be sustainable for the long-term.

Why are communication equipment stocks down?

Communication equipment stocks were down -0.8% in the last day, and up 0.26% 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. Gilat Satellite Networks (NASDAQ:GILT)


Gilat Satellite Networks (NASDAQ:GILT) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Gilat Satellite Networks has a valuation score of 71, which is 51 points higher than the communication equipment industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Gilat Satellite Networks's stock has dropped -23.7% in the past year. It has underperformed other stocks in the communication equipment industry by -21 percentage points.

2. Telesat (NASDAQ:TSAT)


Telesat (NASDAQ:TSAT) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Telesat has a valuation score of 71, which is 51 points higher than the communication equipment industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Telesat's stock has dropped -12.47% in the past year. It has underperformed other stocks in the communication equipment industry by -9 percentage points.

3. Audiocodes (NASDAQ:AUDC)


Audiocodes (NASDAQ:AUDC) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Audiocodes has a valuation score of 71, which is 51 points higher than the communication equipment industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Audiocodes's stock has gained 6.16% in the past year. It has overperformed other stocks in the communication equipment industry by 9 percentage points.

Are communication equipment stocks a good buy now?

37.21% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 15.09% 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 11.26x.
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.