Sectors & Industries TechnologyCommunication Equipment
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

Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	1d %	1w %	1m %	3m %	6m %	1y %	3y %	5y %	10y %	52-week High	52-week Low	% off 52-week High	% off 52-week Low	Beta	Volume	Vol 1d %
CSCO	CISCO SYSTEMS INC	$47.12	0.71%	-1.55%	-3.32%	-4.83%	-11.11%	2.52%	-7.91%	-14.23%	105.27%	$58.19	$45.70	19.02%	3.11%	0.93	17,227,305	15.82%
ITRN	ITURAN LOCATION & CONTROL LTD	$25.95	-0.04%	1.09%	-5.98%	0.19%	2.45%	25.06%	14.22%	-25.96%	9.54%	$31.01	$20.87	16.32%	24.34%	0.64	32,558	-33.50%
AUDC	AUDIOCODES LTD	$11.05	-0.63%	-0.54%	-12.44%	-9.20%	11.39%	9.95%	-63.04%	-25.19%	80.26%	$14.45	$7.14	23.53%	54.70%	0.99	64,852	18.55%
CIEN	CIENA CORP	$47.77	0.55%	2.49%	-1.75%	-12.78%	8.82%	7.78%	-6.99%	23.15%	148.80%	$63.24	$39.94	24.46%	19.60%	1.08	1,098,257	23.13%
MSI	MOTOROLA SOLUTIONS INC	$353.70	5.19%	2.08%	0.96%	8.73%	18.13%	22.55%	87.38%	146.27%	434.69%	$356.17	$269.65	0.69%	31.17%	0.92	1,150,140	-0.51%
HLIT	HARMONIC INC	$10.96	-1.26%	19.13%	-17.59%	-14.04%	0.83%	-18.27%	35.14%	90.94%	53.29%	$18.43	$8.80	40.53%	24.55%	0.97	1,865,772	-6.66%
HPE	HEWLETT PACKARD ENTERPRISE CO	$16.86	2.00%	-1.81%	-7.31%	10.34%	5.84%	20.86%	5.24%	5.84%	N/A	$20.07	$13.70	15.99%	23.07%	1.10	7,808,149	-29.05%
BOSC	BOS BETTER ONLINE SOLUTIONS LTD	$2.78	-0.71%	-1.07%	-1.07%	0.29%	6.92%	-0.71%	-12.30%	5.70%	-30.67%	$4.16	$2.39	33.17%	16.32%	0.50	3,549	-68.79%
UI	UBIQUITI INC	$111.20	-0.39%	2.68%	2.35%	-12.02%	4.56%	-51.36%	-61.08%	-35.03%	173.02%	$204.98	$103.00	45.75%	7.96%	1.11	97,880	50.08%
VSAT	VIASAT INC	$17.21	2.50%	7.50%	4.30%	-21.31%	-13.08%	-53.28%	-67.53%	-81.27%	-72.87%	$47.35	$15.02	63.65%	14.59%	1.27	1,001,455	36.02%
JNPR	JUNIPER NETWORKS INC	$34.84	0.55%	0.37%	-5.96%	-5.68%	27.81%	20.39%	34.67%	26.00%	40.48%	$38.04	$24.87	8.41%	40.09%	0.83	2,407,015	-2.29%
SONM	SONIM TECHNOLOGIES INC	$0.54	-0.73%	10.63%	-6.24%	-12.32%	-23.80%	-45.90%	-91.90%	N/A	N/A	$1.30	$0.44	58.38%	22.95%	1.29	30,211	-48.61%
TSAT	TELESAT CORP	$7.48	1.36%	2.05%	-4.83%	-23.44%	-37.14%	-8.89%	N/A	N/A	N/A	$22.75	$6.90	67.12%	8.41%	1.33	15,681	-15.81%
NOK	NOKIA CORP	$3.69	0.54%	1.10%	3.07%	3.65%	6.65%	-9.11%	-24.85%	-28.76%	-49.24%	$4.36	$2.94	15.37%	25.51%	0.92	13,574,469	10.64%
PWFL	POWERFLEET INC	$4.99	-0.40%	10.15%	5.05%	57.91%	177.22%	76.33%	-31.92%	-13.82%	-8.44%	$5.67	$1.64	11.99%	204.27%	0.88	904,961	33.72%
UTSI	UTSTARCOM HOLDINGS CORP	$2.79	3.72%	1.45%	6.90%	0.00%	-19.13%	-25.40%	-48.71%	-79.49%	-77.13%	$4.15	$2.40	32.77%	16.25%	0.30	11,273	2,988.49%
CLFD	CLEARFIELD INC	$36.13	13.22%	22.43%	21.77%	26.15%	39.50%	-15.01%	1.32%	144.95%	133.70%	$50.82	$22.91	28.91%	57.70%	1.32	687,384	133.54%
AVNW	AVIAT NETWORKS INC	$29.91	5.34%	-11.93%	-18.55%	0.00%	-1.97%	-6.24%	-8.48%	339.85%	223.70%	$38.85	$25.08	23.01%	19.24%	0.98	221,548	-74.97%
FKWL	FRANKLIN WIRELESS CORP	$2.96	-0.34%	-0.34%	-0.67%	5.71%	2.07%	-19.78%	-76.11%	12.98%	49.49%	$3.87	$2.69	23.51%	10.04%	0.19	7,345	105.80%
GILT	GILAT SATELLITE NETWORKS LTD	$5.47	1.86%	6.42%	-8.99%	-12.48%	-15.19%	9.84%	-46.11%	-38.75%	16.63%	$7.16	$4.95	23.60%	10.51%	0.91	180,316	-27.59%
ADTN	ADTRAN HOLDINGS INC	$4.74	2.60%	7.00%	-11.24%	-27.85%	-34.98%	-45.64%	-72.91%	-72.41%	-78.38%	$11.02	$4.34	56.99%	9.22%	1.06	513,675	6.38%
BDC	BELDEN INC	$88.23	-0.76%	5.79%	-1.19%	20.06%	35.65%	10.77%	102.08%	43.49%	22.15%	$99.13	$60.55	11.00%	45.73%	1.22	278,812	-40.39%
VISL	VISLINK TECHNOLOGIES INC	$3.84	-0.49%	-3.27%	23.08%	23.08%	21.52%	-16.70%	-92.70%	-98.96%	-100.00%	$8.26	$2.31	53.51%	66.23%	0.72	3,721	3.62%
KN	KNOWLES CORP	$16.57	2.22%	3.37%	2.92%	1.10%	3.30%	2.22%	-21.58%	-13.25%	-42.02%	$18.48	$12.78	10.34%	29.66%	0.91	573,414	-27.45%
FEIM	FREQUENCY ELECTRONICS INC	$9.69	0.52%	-0.31%	-7.27%	-9.78%	28.34%	42.50%	-10.48%	-19.48%	-6.83%	$11.41	$6.22	15.07%	55.79%	0.43	3,048	-52.84%
AMPG	AMPLITECH GROUP INC	$2.26	2.73%	-1.31%	3.67%	0.00%	28.41%	-26.86%	-60.76%	N/A	N/A	$3.27	$1.50	30.89%	50.67%	1.01	49,478	360.47%
AAOI	APPLIED OPTOELECTRONICS INC	$11.07	6.96%	2.03%	-19.49%	-43.92%	16.90%	518.44%	51.64%	-12.14%	-48.39%	$24.75	$1.64	55.27%	575.00%	1.29	1,823,060	104.31%
CLRO	CLEARONE INC	$1.05	-2.78%	14.88%	-31.82%	1.94%	57.19%	-13.22%	-56.43%	-52.27%	-89.35%	$2.65	$0.64	60.38%	65.35%	0.32	153,336	-54.09%
INFN	INFINERA CORP	$5.24	-0.38%	2.75%	-16.16%	5.22%	65.82%	-8.39%	-43.47%	18.28%	-40.11%	$6.62	$2.82	20.85%	85.82%	1.28	1,976,716	26.52%
KVHI	KVH INDUSTRIES INC	$4.99	0.20%	4.39%	-1.19%	3.10%	3.31%	-52.52%	-63.06%	-50.05%	-62.08%	$10.45	$4.30	52.25%	16.05%	0.87	36,104	-58.93%
DGII	DIGI INTERNATIONAL INC	$25.73	0.90%	-16.87%	-19.67%	-9.78%	2.18%	-11.06%	41.37%	101.80%	211.88%	$42.95	$21.25	40.09%	21.08%	1.16	521,855	-4.26%
CRDO	CREDO TECHNOLOGY GROUP HOLDING LTD	$17.18	-0.69%	-7.44%	-23.44%	-19.38%	15.69%	129.68%	N/A	N/A	N/A	$23.90	$7.44	28.12%	130.91%	1.60	2,143,249	28.24%
ONDS	ONDAS HOLDINGS INC	$0.80	-3.72%	1.01%	-20.50%	-36.77%	47.34%	-12.05%	-89.49%	-95.54%	N/A	$2.14	$0.32	62.48%	154.92%	0.81	168,807	147.05%
ITI	ITERIS INC	$4.60	1.32%	2.68%	-5.15%	-5.15%	1.10%	4.07%	-33.04%	4.31%	150.00%	$5.49	$3.72	16.21%	23.66%	1.09	92,079	-22.69%
SYTA	SIYATA MOBILE INC	$3.09	0.33%	6.20%	-12.36%	-17.54%	-32.61%	-96.03%	-99.95%	N/A	N/A	$104.93	$2.12	97.06%	45.52%	0.71	196,118	434.18%
LTRX	LANTRONIX INC	$3.64	-1.09%	11.31%	8.33%	-41.48%	-18.93%	-1.62%	-38.62%	4.60%	96.76%	$6.95	$3.08	47.63%	18.18%	1.11	261,956	-10.32%
NTGR	NETGEAR INC	$11.63	-1.27%	-21.68%	-24.48%	-18.27%	-9.49%	-15.17%	-68.88%	-62.29%	-63.77%	$15.93	$10.40	26.99%	11.83%	0.89	580,147	-60.63%
LITE	LUMENTUM HOLDINGS INC	$44.74	1.02%	3.04%	-6.50%	-19.53%	4.63%	-7.68%	-46.66%	-29.81%	N/A	$65.16	$35.35	31.34%	26.56%	1.21	1,795,040	134.19%
PI	IMPINJ INC	$161.23	0.94%	6.84%	31.00%	55.22%	134.62%	83.80%	214.04%	443.96%	N/A	$163.45	$48.39	1.36%	233.19%	1.44	336,425	-40.63%
MOB	MOBILICOM LTD	$1.04	-0.95%	-3.70%	-10.34%	-16.80%	-27.27%	-3.70%	N/A	N/A	N/A	$3.33	$0.90	68.77%	15.04%	0.91	56,091	-54.90%
VIAV	VIAVI SOLUTIONS INC	$7.56	-5.74%	-5.62%	-16.28%	-16.00%	-9.03%	-16.09%	-53.73%	-44.98%	-30.58%	$11.65	$7.10	35.08%	6.48%	1.06	4,038,127	110.05%
AIRG	AIRGAIN INC	$5.25	3.55%	0.57%	-4.72%	18.24%	67.20%	-8.70%	-77.65%	-67.69%	N/A	$6.37	$1.63	17.58%	222.09%	0.94	19,703	27.44%
CRNT	CERAGON NETWORKS LTD	$3.04	6.29%	10.14%	-1.30%	24.08%	66.12%	68.89%	-8.71%	-18.06%	8.19%	$3.38	$1.56	10.06%	94.87%	1.02	952,221	60.21%
MITQ	MOVING IMAGE TECHNOLOGIES INC	$0.54	-3.73%	6.27%	6.48%	-32.67%	-26.76%	-45.80%	N/A	N/A	N/A	$1.29	$0.43	57.98%	25.75%	0.85	4,723	-9.69%
CMBM	CAMBIUM NETWORKS CORP	$3.94	4.51%	10.67%	-8.37%	-8.37%	-13.79%	-73.32%	-93.12%	N/A	N/A	$18.09	$2.93	78.22%	34.70%	1.15	60,110	-24.46%
BKTI	BK TECHNOLOGIES CORP	$14.91	2.76%	5.39%	-5.81%	21.52%	8.83%	7.50%	-37.35%	-26.37%	-3.18%	$16.85	$8.79	11.51%	69.62%	0.56	178,708	527.97%
ZBRA	ZEBRA TECHNOLOGIES CORP	$309.59	-1.00%	4.17%	5.75%	27.89%	44.47%	19.76%	-35.37%	49.95%	328.80%	$322.95	$194.59	4.14%	59.10%	1.32	470,624	-7.30%
AKTS	AKOUSTIS TECHNOLOGIES INC	$0.60	0.00%	9.89%	1.69%	2.92%	-7.12%	-77.94%	-93.98%	-90.60%	N/A	$3.57	$0.45	83.19%	33.33%	1.56	414,260	-4.78%
SILC	SILICOM LTD	$16.33	0.93%	7.36%	5.83%	-3.66%	6.38%	-52.68%	-61.76%	-49.97%	-65.61%	$40.70	$13.75	59.88%	18.76%	0.64	26,766	-70.04%
ERIC	ERICSSON LM TELEPHONE CO	$5.21	1.17%	0.58%	-4.58%	-1.88%	11.56%	-2.62%	-62.49%	-45.95%	-56.69%	$6.36	$4.33	18.08%	20.32%	0.95	13,621,900	-19.56%
BOXL	BOXLIGHT CORP	$0.63	6.06%	18.20%	3.45%	-24.00%	-62.61%	-76.84%	-96.95%	-97.94%	N/A	$3.09	$0.49	79.60%	28.57%	0.92	110,385	162.13%
MYNA	MYNARIC AG	$4.74	-9.02%	-18.13%	0.85%	-19.11%	-3.27%	-28.40%	N/A	N/A	N/A	$7.60	$3.01	37.63%	57.48%	1.10	3,943	1,063.13%
INSG	INSEEGO CORP	$3.66	-8.73%	-4.94%	31.65%	42.41%	0.00%	-32.27%	-95.75%	-92.26%	-79.67%	$12.30	$1.62	70.24%	125.93%	1.48	147,304	504.80%
EXTR	EXTREME NETWORKS INC	$11.20	-1.93%	-3.45%	-1.50%	-9.16%	-33.33%	-32.00%	-1.23%	66.67%	101.44%	$32.73	$10.58	65.78%	5.91%	1.54	4,732,762	7.73%
OCC	OPTICAL CABLE CORP	$2.93	1.74%	-2.20%	3.17%	8.12%	11.41%	-27.83%	-11.48%	-37.79%	-20.85%	$4.65	$2.26	36.99%	29.65%	0.38	3,809	-14.25%
SATS	ECHOSTAR CORP	$17.45	2.68%	9.03%	28.37%	33.07%	12.99%	7.35%	-29.09%	-56.29%	-62.30%	$24.80	$9.53	29.66%	83.05%	0.87	1,743,588	34.08%
DZSI	DZS INC	$1.07	6.50%	-9.75%	-18.70%	-28.04%	-27.80%	-84.13%	-93.51%	-91.41%	-92.34%	$7.43	$0.95	85.67%	12.11%	1.38	174,629	-6.15%
CMTL	COMTECH TELECOMMUNICATIONS CORP	$2.02	5.50%	-1.71%	-34.15%	-67.18%	-84.11%	-81.12%	-91.69%	-91.71%	-93.54%	$13.04	$1.53	84.55%	31.70%	1.15	399,903	58.07%
UMAC	UNUSUAL MACHINES INC	$1.29	4.88%	-9.15%	-11.03%	N/A	N/A	N/A	N/A	N/A	N/A	$5.54	$1.18	76.71%	9.32%	1.07	397,919	1,210.93%
SATX	SATIXFY COMMUNICATIONS LTD	$0.60	1.70%	-0.17%	-5.08%	45.85%	27.23%	28.60%	N/A	N/A	N/A	$0.81	$0.28	26.17%	115.88%	1.36	88,660	273.20%
CAMP	CALAMP CORP	$3.68	6.98%	11.68%	36.30%	1.66%	-37.01%	-92.34%	-98.81%	-98.86%	-99.09%	$51.06	$2.29	92.79%	60.70%	1.42	13,582	147.17%
ASTS	AST SPACEMOBILE INC	$2.45	6.52%	9.87%	5.60%	-11.55%	-40.82%	-48.31%	-70.01%	N/A	N/A	$7.10	$1.97	65.49%	24.37%	0.83	2,737,067	86.82%
MINM	MINIM INC	$4.15	-3.94%	11.56%	-21.25%	-32.52%	394.05%	17.90%	-94.56%	-84.77%	27.69%	$10.28	$0.60	59.63%	589.37%	0.70	7,481	-81.84%
COMM	COMMSCOPE HOLDING COMPANY INC	$0.99	-5.52%	5.98%	-14.48%	-52.54%	-39.14%	-79.20%	-94.01%	-95.91%	-96.37%	$6.65	$0.86	85.07%	15.35%	1.52	3,769,595	-46.17%
ASNS	ACTELIS NETWORKS INC	$0.63	4.83%	-19.36%	-35.15%	-46.24%	-50.47%	-82.43%	N/A	N/A	N/A	$4.83	$0.56	86.98%	12.32%	0.67	210,857	-94.46%

Communication Equipment Stocks FAQ

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

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

1. Cisco (NASDAQ:CSCO)

Cisco (NASDAQ:CSCO) is the top communication equipment stock with a Zen Score of 58, which is 30 points higher than the communication equipment industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock return 2.52% over the past year, overperforming other communication equipment stocks by 9 percentage points.

Cisco has an average 1 year price target of $53.15, an upside of 12.81% from Cisco's current stock price of $47.12.

Cisco stock has a consensus Hold recommendation according to Wall Street analysts. Of the 13 analysts covering Cisco, 15.38% have issued a Strong Buy rating, 7.69% have issued a Buy, 76.92% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Ituran Location & Control (NASDAQ:ITRN)

Ituran Location & Control (NASDAQ:ITRN) is the second best communication equipment stock with a Zen Score of 52, which is 24 points higher than the communication equipment industry average of 28. It passed 19 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock return 25.06% over the past year, overperforming other communication equipment stocks by 32 percentage points.

3. Audiocodes (NASDAQ:AUDC)

Audiocodes (NASDAQ:AUDC) is the third best communication equipment stock with a Zen Score of 52, which is 24 points higher than the communication equipment industry average of 28. It passed 19 out of 38 due diligence checks and has strong fundamentals. Audiocodes has seen its stock return 9.95% over the past year, overperforming other communication equipment stocks by 16 percentage points.

Audiocodes has an average 1 year price target of $15.00, an upside of 35.75% from Audiocodes's current stock price of $11.05.

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

What are the communication equipment stocks with highest dividends?

Out of 12 communication equipment stocks that have issued dividends in the past year, the 3 communication equipment stocks with the highest dividend yields are:

1. Clearone (NASDAQ:CLRO)

Clearone (NASDAQ:CLRO) has an annual dividend yield of 142.86%, which is 128 percentage points higher than the communication equipment industry average of 14.51%. Clearone's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of -5,000% indicates that its high dividend yield might not be sustainable for the long-term.

2. Audiocodes (NASDAQ:AUDC)

Audiocodes (NASDAQ:AUDC) has an annual dividend yield of 4.89%, which is -10 percentage points lower than the communication equipment industry average of 14.51%. 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 128.6% indicates that its high dividend yield might not be sustainable for the long-term.

3. Ericsson Lm Telephone Co (NASDAQ:ERIC)

Ericsson Lm Telephone Co (NASDAQ:ERIC) has an annual dividend yield of 4.88%, which is -10 percentage points lower than the communication equipment industry average of 14.51%. Ericsson Lm Telephone Co's dividend payout is not stable, having dropped more than 10% five 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 high dividend yield might not be sustainable for the long-term.

Why are communication equipment stocks up?

Communication equipment stocks were up 1.52% in the last day, and up 2.59% over the last week. Clearfield was the among the top gainers in the communication equipment industry, gaining 13.22% yesterday.

Clearfield shares are trading higher after the company reported better-than-expected Q2 results and increased its repurchase authorization.

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. Audiocodes (NASDAQ:AUDC)

Audiocodes (NASDAQ:AUDC) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Audiocodes has a valuation score of 71, which is 49 points higher than the communication equipment industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Audiocodes's stock has gained 9.95% in the past year. It has overperformed other stocks in the communication equipment industry by 16 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 49 points higher than the communication equipment industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Telesat's stock has dropped -8.89% in the past year. It has underperformed other stocks in the communication equipment industry by -2 percentage points.

3. Gilat Satellite Networks (NASDAQ:GILT)

Gilat Satellite Networks (NASDAQ:GILT) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Gilat Satellite Networks has a valuation score of 57, which is 35 points higher than the communication equipment industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Gilat Satellite Networks's stock has gained 9.84% in the past year. It has overperformed other stocks in the communication equipment industry by 16 percentage points.

Are communication equipment stocks a good buy now?

42.22% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 19.59% 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 8.06x.

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