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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
HLIT	HARMONIC INC	$10.33	2,505,313	-23.80%	11.93	12.49	12.92	12.25	11.84	25.06	5.54	6.38	0.00	0.00	-0.57	-0.25	-0.31	0.98
CSCO	CISCO SYSTEMS INC	$48.24	20,217,068	23.10%	48.85	49.25	49.25	49.55	51.51	42.56	37.37	54.02	49.74	63.24	-0.19	-0.11	-0.08	0.93
ITRN	ITURAN LOCATION & CONTROL LTD	$26.15	40,572	-2.61%	27.14	27.71	26.84	26.49	26.95	34.76	8.95	9.75	1.48	1.82	-0.14	0.13	-0.28	0.64
AUDC	AUDIOCODES LTD	$10.85	105,083	141.10%	12.10	12.61	13.04	12.37	11.13	25.18	5.64	6.96	0.00	1.95	-0.44	-0.24	-0.20	0.99
CIEN	CIENA CORP	$44.33	1,970,778	-7.09%	47.14	48.55	52.80	49.96	46.89	25.99	4.59	4.56	7.59	9.15	-1.91	-1.66	-0.25	1.08
HPE	HEWLETT PACKARD ENTERPRISE CO	$17.26	17,397,045	24.19%	17.86	17.62	16.70	16.49	16.65	46.60	21.46	38.94	4.80	21.76	0.23	0.34	-0.11	1.10
UI	UBIQUITI INC	$106.47	68,872	-5.67%	110.56	111.71	116.96	122.37	136.46	40.87	24.88	44.66	36.59	52.38	-1.90	-1.85	-0.04	1.11
JNPR	JUNIPER NETWORKS INC	$36.52	2,452,691	18.33%	36.94	36.96	37.01	34.37	31.20	39.04	11.17	27.43	0.00	7.07	-0.01	0.05	-0.06	0.83
MSI	MOTOROLA SOLUTIONS INC	$338.58	777,973	89.52%	348.62	348.67	337.78	328.36	307.57	41.05	11.03	23.91	3.21	7.77	2.05	3.97	-1.93	0.92
EXTR	EXTREME NETWORKS INC	$11.13	3,625,112	129.31%	11.11	11.33	11.83	14.33	19.51	43.33	26.85	25.31	62.74	61.64	-0.33	-0.35	0.03	1.56
BOSC	BOS BETTER ONLINE SOLUTIONS LTD	$2.83	22,464	-88.88%	2.84	2.81	2.78	2.76	3.09	52.29	27.22	31.02	8.35	13.16	0.02	0.02	-0.00	0.51
VSAT	VIASAT INC	$15.68	1,398,139	30.24%	16.75	17.02	18.51	21.32	23.34	37.58	25.33	37.80	34.68	54.69	-0.61	-0.62	0.01	1.26
AVNW	AVIAT NETWORKS INC	$33.25	63,875	35.64%	35.06	36.00	35.00	33.22	31.86	34.92	7.99	7.70	3.45	2.54	-0.31	0.15	-0.47	0.98
ZBRA	ZEBRA TECHNOLOGIES CORP	$283.00	199,496	-7.58%	294.58	294.01	280.50	265.25	258.21	44.27	22.71	45.16	8.55	29.15	3.07	5.02	-1.95	1.33
CLFD	CLEARFIELD INC	$29.52	106,200	4.40%	30.01	29.69	29.81	28.53	31.63	48.30	57.26	62.32	60.16	68.54	0.18	0.17	0.01	1.31
SONM	SONIM TECHNOLOGIES INC	$0.51	389,886	-31.37%	0.57	0.61	0.64	0.68	0.73	28.75	16.29	27.28	0.25	13.06	-0.03	-0.02	-0.01	1.30
TSAT	TELESAT CORP	$7.60	37,891	37.80%	7.87	8.54	8.97	9.61	11.21	33.46	11.13	11.11	18.34	16.04	-0.42	-0.34	-0.07	1.35
NOK	NOKIA CORP	$3.30	21,443,545	112.82%	3.45	3.50	3.55	3.48	3.63	32.58	3.88	7.77	0.00	2.61	-0.05	-0.03	-0.02	0.92
BDC	BELDEN INC	$84.80	171,711	-33.86%	87.91	89.55	86.13	79.69	83.49	39.18	10.33	14.38	3.59	4.61	-0.01	0.92	-0.93	1.22
VIAV	VIAVI SOLUTIONS INC	$8.32	1,601,574	13.40%	8.70	9.11	9.50	9.44	9.51	28.16	4.23	6.03	0.00	2.17	-0.37	-0.29	-0.08	1.06
UTSI	UTSTARCOM HOLDINGS CORP	$2.62	5,692	-69.02%	2.64	2.63	2.73	3.01	3.31	46.86	31.11	28.89	38.13	44.95	-0.03	-0.04	0.01	0.30
FKWL	FRANKLIN WIRELESS CORP	$2.95	5,431	415.76%	2.96	2.93	2.90	2.98	3.08	51.92	85.86	90.02	83.37	87.01	0.02	0.01	0.01	0.19
GILT	GILAT SATELLITE NETWORKS LTD	$5.46	165,879	-35.10%	5.84	5.66	5.89	6.05	6.21	40.11	30.49	39.86	40.39	50.37	-0.02	-0.02	-0.00	0.91
PWFL	POWERFLEET INC	$4.23	811,880	20.05%	4.49	4.57	3.73	3.26	2.77	50.10	12.42	11.03	3.45	2.66	0.16	0.28	-0.12	0.89
CMBM	CAMBIUM NETWORKS CORP	$3.94	132,336	100.80%	4.20	4.29	4.31	4.59	6.71	36.68	17.80	18.94	13.82	15.12	-0.08	-0.04	-0.03	1.14
ADTN	ADTRAN HOLDINGS INC	$4.68	1,095,550	36.92%	5.02	5.20	5.79	6.21	7.20	29.66	6.59	9.45	6.19	15.39	-0.28	-0.26	-0.02	1.06
FEIM	FREQUENCY ELECTRONICS INC	$9.80	10,400	30.05%	10.16	10.29	10.54	10.37	8.68	37.86	2.51	5.09	0.00	0.12	-0.17	-0.10	-0.07	0.43
VISL	VISLINK TECHNOLOGIES INC	$4.18	152,225	1,869.28%	3.34	3.32	3.37	3.58	3.96	70.65	75.12	57.41	85.73	69.56	0.05	-0.02	0.07	0.72
AMPG	AMPLITECH GROUP INC	$2.33	38,325	45.48%	2.37	2.13	2.01	1.94	1.96	59.87	87.14	91.39	81.59	93.04	0.15	0.12	0.04	1.02
AAOI	APPLIED OPTOELECTRONICS INC	$11.16	1,301,445	19.70%	12.32	13.23	15.53	16.78	13.34	30.10	5.47	4.23	3.88	3.88	-1.03	-0.90	-0.13	1.29
INFN	INFINERA CORP	$4.54	4,008,023	-3.26%	5.43	5.43	5.19	4.91	4.48	38.42	1.68	5.19	0.00	0.15	-0.03	0.11	-0.14	1.28
NTGR	NETGEAR INC	$14.28	183,875	-1.48%	15.01	15.23	14.80	14.49	13.67	39.26	13.56	21.21	5.71	11.44	-0.04	0.10	-0.14	0.90
KN	KNOWLES CORP	$15.57	456,120	4.77%	15.96	15.74	16.05	16.48	16.11	44.02	55.46	63.01	58.47	65.49	-0.04	-0.05	0.01	0.91
KVHI	KVH INDUSTRIES INC	$5.26	147,559	42.72%	5.15	5.08	4.91	4.97	5.55	62.20	77.75	84.35	82.26	87.15	0.11	0.08	0.03	0.87
CLRO	CLEARONE INC	$0.90	308,780	33.91%	1.39	1.61	1.30	1.11	0.94	29.45	8.64	17.60	0.00	6.33	-0.06	0.05	-0.12	0.33
ONDS	ONDAS HOLDINGS INC	$0.94	89,460	-68.15%	1.00	1.00	1.16	1.28	1.08	42.00	8.71	10.99	25.18	27.54	-0.05	-0.05	0.00	0.80
LTRX	LANTRONIX INC	$3.16	205,491	35.95%	3.30	3.42	3.95	4.97	4.69	32.54	27.16	37.04	73.31	88.67	-0.20	-0.23	0.03	1.12
CRNT	CERAGON NETWORKS LTD	$2.77	832,202	6.99%	3.06	3.10	2.94	2.55	2.24	36.36	13.47	18.58	7.21	9.96	0.00	0.05	-0.05	1.02
ITI	ITERIS INC	$4.61	106,319	-11.63%	4.77	4.81	4.96	4.82	4.54	39.20	17.17	22.84	16.42	23.37	-0.06	-0.05	-0.02	1.09
SYTA	SIYATA MOBILE INC	$3.32	3,271	-13.72%	3.38	3.28	3.31	3.45	12.24	49.70	33.67	35.80	34.33	42.36	0.01	0.01	0.00	0.70
DGII	DIGI INTERNATIONAL INC	$30.40	144,011	17.77%	31.33	30.92	30.09	27.42	29.28	48.46	27.76	40.54	3.20	10.76	0.44	0.58	-0.15	1.17
CRDO	CREDO TECHNOLOGY GROUP HOLDING LTD	$19.44	2,108,283	49.74%	21.57	21.37	21.52	20.44	18.07	40.23	47.16	56.51	36.51	36.92	-0.02	0.09	-0.11	1.59
AIRG	AIRGAIN INC	$5.26	12,992	152.71%	5.40	5.38	4.77	4.05	4.07	52.64	37.38	39.55	9.96	12.40	0.15	0.22	-0.07	0.95
LITE	LUMENTUM HOLDINGS INC	$41.81	950,880	38.44%	45.67	47.18	48.74	49.14	48.33	30.74	3.44	7.37	0.00	4.05	-1.37	-0.89	-0.48	1.21
PI	IMPINJ INC	$118.50	206,845	41.72%	122.19	124.03	114.76	101.46	83.63	46.90	31.16	43.04	15.80	27.03	1.81	3.15	-1.34	1.45
MOB	MOBILICOM LTD	$1.25	1,582,824	67.64%	1.25	1.24	1.32	1.47	1.56	48.43	36.46	39.19	46.29	47.26	-0.03	-0.03	0.01	0.92
MITQ	MOVING IMAGE TECHNOLOGIES INC	$0.53	4,945	4.06%	0.70	0.73	0.76	0.81	0.88	40.65	12.75	19.03	10.91	16.25	-0.03	-0.02	-0.01	0.85
SILC	SILICOM LTD	$15.23	53,703	290.45%	15.16	15.23	15.39	16.36	21.31	48.97	41.76	35.50	63.71	50.77	-0.10	-0.12	0.02	0.64
BKTI	BK TECHNOLOGIES CORP	$13.79	11,946	35.18%	14.44	14.46	12.87	12.68	12.82	49.48	10.52	17.92	2.82	5.69	0.37	0.55	-0.18	0.55
AKTS	AKOUSTIS TECHNOLOGIES INC	$0.53	867,085	219.98%	0.58	0.58	0.62	0.65	1.05	39.43	39.18	49.42	54.82	76.60	-0.01	-0.01	0.00	1.56
ERIC	ERICSSON LM TELEPHONE CO	$4.79	29,510,539	50.47%	5.12	5.29	5.39	5.58	5.26	29.57	2.29	6.21	2.28	11.30	-0.15	-0.10	-0.06	0.95
INSG	INSEEGO CORP	$2.32	43,491	33.85%	2.57	2.74	2.81	2.51	3.91	37.12	2.76	3.59	0.00	3.89	-0.12	-0.06	-0.06	1.50
BOXL	BOXLIGHT CORP	$0.60	8,599	-59.22%	0.62	0.67	0.77	0.89	1.44	30.59	14.30	15.66	18.14	22.60	-0.05	-0.05	-0.00	0.92
MYNA	MYNARIC AG	$5.33	10,208	-32.29%	4.80	4.73	4.77	5.15	5.12	63.00	83.22	80.64	86.29	79.97	0.09	0.02	0.07	1.12
DZSI	DZS INC	$1.18	180,024	64.62%	1.30	1.31	1.40	1.50	1.97	35.20	19.17	26.34	9.98	30.19	-0.04	-0.04	-0.01	1.37
OCC	OPTICAL CABLE CORP	$2.77	6,243	377.66%	2.85	2.86	2.87	2.78	3.03	41.92	63.96	66.72	14.75	11.92	-0.02	-0.01	-0.01	0.38
COMM	COMMSCOPE HOLDING COMPANY INC	$1.00	2,516,686	40.44%	1.15	1.24	1.56	1.94	2.69	31.34	5.71	8.04	7.12	21.31	-0.13	-0.13	-0.00	1.50
SATS	ECHOSTAR CORP	$14.17	1,059,272	-22.82%	13.70	13.66	13.54	13.53	15.19	53.88	86.92	75.94	86.70	75.46	0.09	0.02	0.07	0.87
CMTL	COMTECH TELECOMMUNICATIONS CORP	$2.02	677,077	17.50%	2.69	3.08	4.95	6.91	8.38	20.75	3.21	6.22	39.33	52.68	-0.78	-0.79	0.01	1.15
SATX	SATIXFY COMMUNICATIONS LTD	$0.56	43,024	-38.60%	0.60	0.62	0.57	0.49	0.48	43.41	10.32	8.14	6.96	5.83	-0.00	0.01	-0.01	1.35
CAMP	CALAMP CORP	$3.20	1,997	-73.95%	3.05	3.07	3.01	4.44	8.93	52.66	80.93	76.92	84.77	79.20	0.02	-0.01	0.04	1.41
UMAC	UNUSUAL MACHINES INC	$1.75	6,502	-74.39%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.55
ASTS	AST SPACEMOBILE INC	$2.08	2,352,457	-25.91%	2.18	2.51	2.88	3.77	3.83	33.64	12.09	15.04	42.43	45.33	-0.26	-0.23	-0.02	0.83
MINM	MINIM INC	$5.11	57,871	0.71%	5.52	5.84	5.30	3.97	3.04	45.38	20.81	37.27	13.39	33.45	0.03	0.17	-0.13	0.68
ASNS	ACTELIS NETWORKS INC	$0.73	42,062	104.89%	0.92	0.97	1.06	1.12	1.39	21.64	9.27	5.58	0.00	2.57	-0.06	-0.04	-0.02	0.74

Communication Equipment Stocks FAQ

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

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

1. Harmonic (NASDAQ:HLIT)

Harmonic (NASDAQ:HLIT) is the top communication equipment stock with a Zen Score of 66, which is 36 points higher than the communication equipment industry average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Harmonic has seen its stock lose -33.61% over the past year, underperforming other communication equipment stocks by -12 percentage points.

Harmonic has an average 1 year price target of $16.50, an upside of 59.73% from Harmonic's current stock price of $10.33.

Harmonic stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Harmonic, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% have issued a hold, while 0% 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 61, which is 31 points higher than the communication equipment industry average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock lose -4.06% over the past year, overperforming other communication equipment stocks by 17 percentage points.

Cisco has an average 1 year price target of $53.17, an upside of 10.21% from Cisco's current stock price of $48.24.

Cisco stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Cisco, 16.67% have issued a Strong Buy rating, 8.33% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Ituran Location & Control (NASDAQ:ITRN)

Ituran Location & Control (NASDAQ:ITRN) is the third best communication equipment stock with a Zen Score of 55, which is 25 points higher than the communication equipment industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock return 21.63% over the past year, overperforming other communication equipment stocks by 43 percentage points.

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 167.6%, which is 151 percentage points higher than the communication equipment industry average of 16.62%. 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. Ericsson Lm Telephone Co (NASDAQ:ERIC)

Ericsson Lm Telephone Co (NASDAQ:ERIC) has an annual dividend yield of 5.3%, which is -11 percentage points lower than the communication equipment industry average of 16.62%. 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.

3. Audiocodes (NASDAQ:AUDC)

Audiocodes (NASDAQ:AUDC) has an annual dividend yield of 4.98%, which is -12 percentage points lower than the communication equipment industry average of 16.62%. 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.

Why are communication equipment stocks down?

Communication equipment stocks were down -1.73% in the last day, and down -4.76% over the last week. Cisco was the among the top losers in the communication equipment industry, dropping -0.52% yesterday.

Cisco Systems shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy.

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. Harmonic (NASDAQ:HLIT)

Harmonic (NASDAQ:HLIT) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Harmonic has a valuation score of 86, which is 59 points higher than the communication equipment industry average of 27. It passed 6 out of 7 valuation due diligence checks.

Harmonic's stock has dropped -33.61% in the past year. It has underperformed other stocks in the communication equipment industry by -12 percentage points.

2. Audiocodes (NASDAQ:AUDC)

Audiocodes (NASDAQ:AUDC) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Audiocodes has a valuation score of 86, which is 59 points higher than the communication equipment industry average of 27. It passed 6 out of 7 valuation due diligence checks.

Audiocodes's stock has gained 2.26% in the past year. It has overperformed other stocks in the communication equipment industry by 24 percentage points.

3. Telesat (NASDAQ:TSAT)

Telesat (NASDAQ:TSAT) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Telesat has a valuation score of 71, which is 44 points higher than the communication equipment industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Telesat's stock has dropped -15.93% in the past year. It has overperformed other stocks in the communication equipment industry by 6 percentage points.

Are communication equipment stocks a good buy now?

46.67% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 21.95% 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 17.89x.

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.

Communication Equipment Stocks FAQ

1. Harmonic (NASDAQ:HLIT)

2. Cisco (NASDAQ:CSCO)

3. Ituran Location & Control (NASDAQ:ITRN)

1. Clearone (NASDAQ:CLRO)

2. Ericsson Lm Telephone Co (NASDAQ:ERIC)

3. Audiocodes (NASDAQ:AUDC)

1. Harmonic (NASDAQ:HLIT)

2. Audiocodes (NASDAQ:AUDC)

3. Telesat (NASDAQ:TSAT)

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