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 -34.1% over the past year, underperforming other communication equipment stocks by -16 percentage points.
Harmonic has an average 1 year
price target of $16.50, an upside of 74.97% from Harmonic's current stock price of $9.43.
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 58, which is 28 points higher than the communication equipment industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock return 2.03% over the past year, overperforming other communication equipment stocks by 20 percentage points.
Cisco has an average 1 year
price target of $53.15, an upside of 9.94% from Cisco's current stock price of $48.35.
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.
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 19.65% over the past year, overperforming other communication equipment stocks by 38 percentage points.