Sectors & Industries TechnologyCommunication Equipment
Best Communication Equipment Stocks to Buy Now (2026)
Top communication equipment stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best communication equipment stocks to buy now. Learn More.

Industry: Communication Equipment

Growth Financials Momentum Sentiment Forecast Dividends Due Diligence

Communication Equipment is Zen Rated B and is the 34th ranked industry out of 146 stock market industries

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
KN	KNOWLES CORP	$38.24	$22.41	70.61%	59.75x	28.72x	5.32x	4.19x	0.68x	$73.10M	2.24%	$780.20M	9.14	$3.38B	30.17
DGII	DIGI INTERNATIONAL INC	$68.41	$24.32	181.29%	59.49x	28.00x	5.42x	3.87x	1.28x	$126.77M	4.92%	$665.96M	17.69	$2.70B	26.57
CRNT	CERAGON NETWORKS LTD	$2.79	N/A	N/A	-93.00x	17.10x	0.76x	1.48x	N/A	$18.31M	7.24%	$171.50M	1.89	$247.48M	9.96
EXTR	EXTREME NETWORKS INC	$27.02	$6.08	344.31%	225.17x	25.64x	2.87x	44.75x	1.69x	$105.26M	2.93%	$78.97M	0.59	$3.56B	47.21
AUDC	AUDIOCODES LTD	$9.08	$11.48	-20.90%	36.32x	14.67x	0.97x	1.50x	0.30x	$22.48M	9.35%	$154.10M	5.82	$227.58M	12.56
ITRN	ITURAN LOCATION & CONTROL LTD	$61.39	$27.79	120.88%	20.26x	18.21x	3.24x	5.86x	1.79x	$71.79M	5.90%	$207.45M	10.47	$1.11B	11.40
BKTI	BK TECHNOLOGIES CORP	$81.89	N/A	N/A	21.38x	22.62x	3.47x	6.43x	N/A	$20.83M	6.80%	$47.71M	12.76	$279.08M	15.03
ADTN	ADTRAN HOLDINGS INC	$16.49	N/A	N/A	-42.28x	33.09x	1.18x	9.71x	N/A	$67.41M	5.09%	$137.53M	1.71	$1.49B	17.28
HLIT	HARMONIC INC	$16.90	N/A	N/A	-45.68x	25.95x	3.71x	5.16x	N/A	$45.44M	2.45%	$355.15M	3.24	$1.86B	-226.33
ZBRA	ZEBRA TECHNOLOGIES CORP	$252.44	$159.54	58.23%	30.30x	13.49x	2.15x	3.47x	0.74x	$836.00M	6.95%	$3.47B	72.85	$14.72B	16.65
CIEN	CIENA CORP	$602.39	$53.92	1,017.21%	374.16x	94.94x	16.65x	30.50x	4.51x	$742.21M	0.87%	$2.79B	19.71	$85.64B	168.82
VIAV	VIAVI SOLUTIONS INC	$53.79	N/A	N/A	-224.13x	56.32x	9.14x	14.86x	N/A	$48.50M	0.39%	$846.50M	3.65	$13.16B	195.20
BOSC	BOS BETTER ONLINE SOLUTIONS LTD	$4.83	$11.90	-59.42%	8.19x	N/A	0.59x	1.19x	0.19x	$4.59M	15.45%	$28.70M	4.66	$24.89M	7.35
LTRX	LANTRONIX INC	$7.28	N/A	N/A	-45.50x	46.05x	2.44x	3.89x	N/A	$8.46M	2.93%	$74.47M	1.87	$275.04M	-90.03
CRDO	CREDO TECHNOLOGY GROUP HOLDING LTD	$221.64	$44.01	403.57%	115.44x	65.63x	37.81x	22.11x	2.23x	$283.69M	0.70%	$1.85B	10.15	$39.67B	106.79
BDC	BELDEN INC	$109.10	$71.59	52.40%	18.15x	13.49x	1.52x	3.31x	0.94x	$180.40M	4.26%	$1.28B	33.06	$5.33B	11.85
PI	IMPINJ INC	$159.60	N/A	N/A	-175.38x	82.46x	13.39x	23.84x	N/A	$61.12M	1.26%	$203.91M	6.73	$5.09B	-627.66
HPE	HEWLETT PACKARD ENTERPRISE CO	$38.06	N/A	N/A	-223.88x	15.57x	1.42x	2.04x	N/A	$2.52B	4.96%	$24.77B	18.57	$67.27B	24.98
KVHI	KVH INDUSTRIES INC	$11.52	N/A	N/A	-44.31x	102.67x	1.89x	1.71x	N/A	$15.98M	7.18%	$131.53M	6.80	$169.75M	33.01
CSCO	CISCO SYSTEMS INC	$118.33	$34.89	239.12%	39.31x	27.24x	7.70x	9.55x	2.13x	$11.79B	2.52%	$48.86B	12.36	$490.61B	27.14
AIRG	AIRGAIN INC	$7.00	N/A	N/A	-12.73x	182.77x	1.68x	3.17x	N/A	-$1.34M	-1.56%	$28.02M	2.28	$86.11M	-24.18
OCC	OPTICAL CABLE CORP	$13.62	N/A	N/A	-151.33x	N/A	1.63x	6.64x	N/A	-$499.31k	-0.42%	$18.13M	2.05	$127.28M	128.16
VSAT	VIASAT INC	$81.40	N/A	N/A	-31.19x	-44.19x	2.39x	2.42x	N/A	$623.88M	5.65%	$4.57B	33.66	$16.43B	11.15
NOK	NOKIA CORP	$16.46	N/A	N/A	116.74x	N/A	4.04x	3.83x	N/A	$2.28B	2.41%	$24.67B	4.30	$93.65B	67.81
VISN	VISTANCE NETWORKS INC	$12.67	N/A	N/A	0.41x	9.94x	2.21x	0.62x	N/A	$236.20M	8.28%	$4.59B	20.40	$347.97M	0.05
SILC	SILICOM LTD	$47.53	N/A	N/A	-24.61x	-52.89x	4.07x	2.34x	N/A	N/A	N/A	$116.02M	20.33	$247.78M	N/A
MSI	MOTOROLA SOLUTIONS INC	$410.48	$142.97	187.11%	32.66x	24.04x	5.73x	26.78x	1.83x	$2.49B	3.66%	$2.54B	15.34	$76.71B	21.66
INSG	INSEEGO CORP	$12.55	N/A	N/A	19.92x	34.18x	1.20x	-8.04x	N/A	$878.00k	0.44%	-$25.42M	-1.58	$238.04M	9.18
ERIC	ERICSSON LM TELEPHONE CO	$13.72	$6.58	108.44%	15.04x	N/A	1.81x	3.95x	2.69x	$3.14B	6.87%	$11.71B	3.52	$45.86B	10.44
GILT	GILAT SATELLITE NETWORKS LTD	$17.82	$6.54	172.45%	50.91x	33.81x	2.34x	2.63x	1.29x	$9.19M	0.87%	$500.28M	8.42	$1.15B	24.52
LITE	LUMENTUM HOLDINGS INC	$910.81	$173.32	425.51%	145.73x	112.15x	26.17x	23.83x	2.21x	$153.60M	0.24%	$2.97B	41.59	$71.56B	129.59
UI	UBIQUITI INC	$608.16	$114.93	429.14%	39.03x	38.71x	11.89x	30.62x	6.45x	$740.98M	2.01%	$1.20B	19.86	$36.49B	32.40
CLFD	CLEARFIELD INC	$47.04	N/A	N/A	-75.87x	85.40x	4.72x	2.63x	N/A	$17.00M	2.64%	$242.81M	17.76	$640.78M	-620.91
SATS	ECHOSTAR CORP	$123.12	N/A	N/A	-2.46x	-35.05x	2.40x	6.34x	N/A	-$1.46B	-4.12%	$5.63B	19.49	$62.58B	-3.99
AVNW	AVIAT NETWORKS INC	$17.93	$22.17	-19.12%	25.61x	8.21x	0.53x	0.85x	0.33x	$11.86M	5.12%	$271.78M	21.04	$260.54M	7.78
MOB	MOBILICOM LTD	$6.29	N/A	N/A	-3.31x	N/A	23.30x	12.28x	N/A	-$1.38M	-2.46%	$6.26M	0.71	$70.02M	-4.15
NTGR	NETGEAR INC	$26.09	N/A	N/A	-29.31x	178.45x	1.05x	1.49x	N/A	-$10.94M	-1.50%	$471.16M	16.84	$554.89M	-39.01
CMTL	COMTECH TELECOMMUNICATIONS CORP	$4.98	N/A	N/A	-2.23x	-6.18x	0.31x	2.25x	N/A	$14.51M	9.78%	$65.61M	2.20	$367.60M	4.50
AIOT	POWERFLEET INC	$3.56	N/A	N/A	-14.83x	52.90x	1.10x	0.98x	N/A	-$7.88M	-1.66%	$485.03M	3.62	$731.68M	11.08
AMPG	AMPLITECH GROUP INC	$4.99	N/A	N/A	-16.63x	12.54x	4.50x	2.61x	N/A	-$10.47M	-8.64%	$48.36M	1.99	$118.69M	-25.85
ONDS	ONDAS INC	$9.77	N/A	N/A	162.83x	-46.95x	45.02x	4.51x	N/A	-$86.51M	-1.99%	$1.07B	2.41	$3.81B	14.91
AAOI	APPLIED OPTOELECTRONICS INC	$177.62	N/A	N/A	-281.94x	195.92x	26.62x	12.89x	N/A	-$441.08M	-3.27%	$1.11B	14.56	$14.08B	-872.76
FEIM	FREQUENCY ELECTRONICS INC	$68.56	$9.56	617.08%	93.92x	94.67x	9.90x	11.20x	4.10x	-$3.82M	-0.57%	$60.24M	6.15	$681.41M	75.14
ASTS	AST SPACEMOBILE INC	$119.70	N/A	N/A	-67.63x	-89.39x	409.93x	22.34x	N/A	-$1.37B	-3.94%	$2.08B	7.15	$45.99B	-124.65
TSAT	TELESAT CORP	$57.80	N/A	N/A	-6.30x	-11.14x	3.03x	2.30x	N/A	-$417.22M	-48.19%	$381.63M	25.48	$3.83B	57.34
FIEE	FIEE INC	$5.89	N/A	N/A	25.61x	N/A	5.63x	5.51x	N/A	$3.37M	7.22%	$8.90M	1.12	$44.49M	13.99
SONM	DNA X INC	$4.32	N/A	N/A	-0.18x	N/A	-0.33x	-6.53x	N/A	-$17.39M	-318.49%	-$983.00k	-0.78	$6.30M	-0.62
UTSI	UTSTARCOM HOLDINGS CORP	$2.50	N/A	N/A	-2.87x	N/A	2.56x	0.63x	N/A	-$9.24M	-40.24%	$36.50M	3.97	-$16.29M	3.22
MITQ	MOVING IMAGE TECHNOLOGIES INC	$0.60	N/A	N/A	-29.75x	N/A	0.32x	1.21x	N/A	-$2.96M	-49.92%	$4.88M	0.49	$4.53M	32.36
CLRO	CLEARONE INC	$3.22	N/A	N/A	-0.24x	N/A	4.00x	16.19x	N/A	-$14.52M	-189.22%	$532.00k	0.22	$7.90M	-0.34
FKWL	FRANKLIN WIRELESS CORP	$2.92	N/A	N/A	-48.67x	31.81x	0.98x	1.03x	N/A	-$4.03M	-11.71%	$33.50M	2.84	$26.22M	-98.52
CHAI	CORE AI HOLDINGS INC	$1.11	N/A	N/A	-0.84x	-0.19x	0.54x	9.70x	N/A	-$4.89M	-22.16%	$2.28M	0.12	$20.81M	-0.90
BOXL	BOXLIGHT CORP	$0.89	N/A	N/A	-0.03x	-0.05x	0.02x	-1.77x	N/A	-$3.72M	-137.80%	-$2.01M	-0.66	$37.80M	-4.17
SYNX	SILYNXCOM LTD	$1.19	N/A	N/A	-2.45x	N/A	1.29x	1.45x	N/A	-$2.70M	-35.88%	$5.44M	0.86	$6.02M	-2.19

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in May 2026?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best communication equipment stocks to buy right now are:

1. Knowles (NYSE:KN)

Knowles (NYSE:KN) is the #1 top communication equipment stock out of 54 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Knowles (NYSE:KN) is: Value: C, Growth: B, Momentum: B, Sentiment: B, Safety: C, Financials: B, and AI: C.

Knowles (NYSE:KN) has a Due Diligence Score of 42, which is 10 points higher than the communication equipment industry average of 32.

KN passed 13 out of 33 due diligence checks and has strong fundamentals. Knowles has seen its stock return 130.36% over the past year, overperforming other communication equipment stocks by 13 percentage points.

Knowles has an average 1 year price target of $39.00, an upside of 1.99% from Knowles's current stock price of $38.24.

Knowles stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Knowles, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Digi International (NASDAQ:DGII)

Digi International (NASDAQ:DGII) is the #2 top communication equipment stock out of 54 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Digi International (NASDAQ:DGII) is: Value: C, Growth: B, Momentum: B, Sentiment: C, Safety: B, Financials: C, and AI: C.

Digi International (NASDAQ:DGII) has a Due Diligence Score of 36, which is 4 points higher than the communication equipment industry average of 32.

DGII passed 12 out of 33 due diligence checks and has average fundamentals. Digi International has seen its stock return 108.25% over the past year, underperforming other communication equipment stocks by -9 percentage points.

Digi International has an average 1 year price target of $69.00, an upside of 0.86% from Digi International's current stock price of $68.41.

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

3. Ceragon Networks (NASDAQ:CRNT)

Ceragon Networks (NASDAQ:CRNT) is the #3 top communication equipment stock out of 54 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Ceragon Networks (NASDAQ:CRNT) is: Value: B, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.

Ceragon Networks (NASDAQ:CRNT) has a Due Diligence Score of 20, which is -12 points lower than the communication equipment industry average of 32. Although this number is below the industry average, our proven quant model rates CRNT as a "A".

CRNT passed 6 out of 33 due diligence checks and has weak fundamentals. Ceragon Networks has seen its stock return 17.23% over the past year, underperforming other communication equipment stocks by -100 percentage points.

Ceragon Networks has an average 1 year price target of $3.00, an upside of 7.53% from Ceragon Networks's current stock price of $2.79.

Ceragon Networks stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Ceragon Networks, 0% have issued a Strong Buy rating, 100% 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. Vistance Networks (NASDAQ:VISN)

Vistance Networks (NASDAQ:VISN) has an annual dividend yield of 157.85%, which is 142 percentage points higher than the communication equipment industry average of 16%.

Vistance Networks's dividend payout ratio of 64.5% indicates that its high dividend yield is sustainable for the long-term.

2. Ituran Location & Control (NASDAQ:ITRN)

Ituran Location & Control (NASDAQ:ITRN) has an annual dividend yield of 4.89%, which is -11 percentage points lower than the communication equipment industry average of 16%. Ituran Location & Control's dividend payout is not stable, having dropped more than 10% two 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 99% indicates that its high dividend yield might not be sustainable for the long-term.

3. Audiocodes (NASDAQ:AUDC)

Audiocodes (NASDAQ:AUDC) has an annual dividend yield of 4.41%, which is -12 percentage points lower than the communication equipment industry average of 16%. 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 160% 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 0.91% in the last day, and up 7.56% over the last week. Gilat Satellite Networks was the among the top gainers in the communication equipment industry, gaining 13.29% yesterday.

Shares of space-related companies are trading higher amid continued strength related to the SpaceX IPO prospectus and last week's launch of Starship V3.

What are the most undervalued communication equipment stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), 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 its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

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 dropped -3.2% in the past year. It has underperformed other stocks in the communication equipment industry by -121 percentage points.

2. Belden (NYSE:BDC)

Belden (NYSE:BDC) is the second most undervalued communication equipment stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Belden has a valuation score of 57, which is 37 points higher than the communication equipment industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Belden's stock has dropped -0.52% in the past year. It has underperformed other stocks in the communication equipment industry by -118 percentage points.

3. Aviat Networks (NASDAQ:AVNW)

Aviat Networks (NASDAQ:AVNW) is the third most undervalued communication equipment stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Aviat Networks has a valuation score of 57, which is 37 points higher than the communication equipment industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Aviat Networks's stock has dropped -15.62% in the past year. It has underperformed other stocks in the communication equipment industry by -133 percentage points.

Are communication equipment stocks a good buy now?

55.56% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 2.7% over the next year.

8.89% of communication equipment stocks have a Zen Rating of A (Strong Buy), 31.11% of communication equipment stocks are rated B (Buy), 46.67% are rated C (Hold), 8.89% are rated D (Sell), and 4.44% are rated F (Strong Sell).

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

The average P/E ratio of the communication equipment industry is 53.41x.

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.