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 %
HLIT	HARMONIC INC	$9.20	-2.44%	-7.91%	-28.96%	-17.71%	-10.68%	-33.86%	15.87%	63.12%	28.31%	$18.43	$8.80	50.08%	4.55%	0.98	2,784,239	85.69%
CSCO	CISCO SYSTEMS INC	$48.10	-0.52%	-0.02%	-3.18%	-8.08%	-8.21%	2.14%	-6.86%	-14.61%	109.13%	$58.19	$45.56	17.33%	5.59%	0.93	18,597,000	29.96%
AUDC	AUDIOCODES LTD	$10.43	-0.19%	-2.71%	-22.74%	-13.87%	38.88%	4.61%	-66.09%	-37.43%	54.29%	$14.45	$7.14	27.82%	46.02%	0.98	45,734	151.87%
ITRN	ITURAN LOCATION & CONTROL LTD	$25.67	-1.04%	2.60%	-10.12%	0.67%	1.46%	20.01%	12.59%	-29.48%	6.34%	$31.01	$20.35	17.22%	26.14%	0.64	53,662	48.41%
CIEN	CIENA CORP	$45.68	1.42%	4.36%	-8.29%	-11.63%	11.82%	0.82%	-15.89%	16.95%	121.21%	$63.24	$39.94	27.77%	14.37%	1.08	2,367,958	85.24%
EXTR	EXTREME NETWORKS INC	$11.33	1.61%	3.56%	-2.91%	-32.96%	-44.95%	-28.02%	13.19%	41.98%	103.78%	$32.73	$10.58	65.38%	7.14%	1.55	1,686,650	8.49%
HPE	HEWLETT PACKARD ENTERPRISE CO	$16.97	0.24%	-0.41%	-2.58%	6.60%	12.09%	20.01%	4.56%	6.00%	N/A	$20.07	$13.66	15.45%	24.28%	1.10	8,358,928	-22.91%
MSI	MOTOROLA SOLUTIONS INC	$349.02	1.13%	2.82%	0.32%	6.22%	24.42%	20.64%	83.50%	139.81%	458.43%	$355.39	$269.65	1.79%	29.44%	0.92	754,438	22.31%
UI	UBIQUITI INC	$107.83	-0.86%	2.72%	-4.82%	-17.63%	-5.06%	-54.30%	-62.97%	-35.35%	183.84%	$237.48	$103.00	54.59%	4.69%	1.11	66,902	-19.00%
JNPR	JUNIPER NETWORKS INC	$34.95	-1.16%	-3.35%	-5.72%	-6.12%	39.63%	12.81%	36.74%	24.33%	42.77%	$38.04	$24.87	8.12%	40.53%	0.83	4,418,416	-17.04%
VSAT	VIASAT INC	$15.33	-4.90%	-1.29%	-11.85%	-33.38%	-18.50%	-53.96%	-68.57%	-82.77%	-76.40%	$47.35	$15.02	67.62%	2.07%	1.26	1,845,308	89.94%
BOSC	BOS BETTER ONLINE SOLUTIONS LTD	$2.80	-0.36%	-1.06%	2.19%	1.08%	9.38%	-1.06%	-13.85%	7.28%	-33.01%	$4.16	$2.39	32.69%	17.15%	0.51	5,455	-88.31%
ZBRA	ZEBRA TECHNOLOGIES CORP	$292.53	5.40%	7.14%	-1.82%	13.83%	47.07%	2.97%	-41.32%	26.41%	332.10%	$320.55	$194.59	8.74%	50.33%	1.33	674,627	110.32%
AVNW	AVIAT NETWORKS INC	$33.24	1.40%	1.65%	-10.11%	10.21%	31.23%	4.63%	0.18%	377.93%	259.74%	$38.85	$21.15	14.44%	57.16%	0.98	90,125	53.22%
CLFD	CLEARFIELD INC	$29.36	-0.81%	3.82%	3.20%	13.32%	17.68%	-29.15%	-26.69%	91.83%	76.44%	$50.82	$22.91	42.23%	28.15%	1.32	103,993	13.15%
TSAT	TELESAT CORP	$7.71	1.05%	3.63%	-19.77%	-19.85%	-28.21%	-13.37%	N/A	N/A	N/A	$22.75	$6.90	66.11%	11.74%	1.34	13,394	62.51%
NOK	NOKIA CORP	$3.64	-0.27%	5.51%	3.41%	-4.21%	13.40%	-11.22%	-13.33%	-31.32%	-49.93%	$4.36	$2.94	16.51%	23.81%	0.92	18,669,179	42.30%
SONM	SONIM TECHNOLOGIES INC	$0.48	0.63%	-4.58%	-28.51%	-32.72%	-39.06%	-57.23%	-93.25%	N/A	N/A	$1.30	$0.44	63.15%	8.86%	1.30	30,362	-34.50%
VIAV	VIAVI SOLUTIONS INC	$7.97	-0.25%	-1.48%	-16.81%	-20.78%	6.98%	-8.71%	-52.98%	-39.48%	-39.21%	$11.65	$7.26	31.56%	9.86%	1.06	1,053,212	3.74%
UTSI	UTSTARCOM HOLDINGS CORP	$2.98	10.67%	13.19%	9.45%	-3.34%	-19.43%	-20.61%	-46.84%	-77.45%	-75.36%	$4.15	$2.40	28.27%	24.04%	0.30	4,898	1,074.58%
FKWL	FRANKLIN WIRELESS CORP	$2.99	1.70%	2.05%	6.03%	-4.78%	4.55%	-24.49%	-76.86%	19.60%	47.29%	$4.00	$2.69	25.25%	11.15%	0.19	4,798	172.30%
BDC	BELDEN INC	$82.89	-0.43%	1.41%	-9.94%	11.08%	20.73%	7.62%	86.90%	51.20%	13.25%	$99.13	$60.55	16.38%	36.91%	1.22	270,407	3.25%
PWFL	POWERFLEET INC	$4.33	2.61%	6.65%	-6.48%	41.50%	131.55%	61.57%	-47.07%	-22.68%	-22.54%	$5.67	$1.64	23.63%	164.02%	0.89	669,297	4.21%
GILT	GILAT SATELLITE NETWORKS LTD	$5.08	-1.74%	-5.22%	-6.45%	-20.38%	-10.41%	8.78%	-50.34%	-42.95%	5.18%	$7.16	$4.53	29.05%	12.14%	0.91	176,721	-42.04%
ADTN	ADTRAN HOLDINGS INC	$4.57	-3.79%	-3.38%	-13.94%	-35.27%	-32.79%	-49.78%	-74.31%	-73.51%	-80.18%	$11.02	$4.53	58.53%	0.88%	1.06	483,556	1.04%
FEIM	FREQUENCY ELECTRONICS INC	$9.62	-0.21%	-2.19%	-9.07%	-8.38%	28.27%	40.85%	-9.67%	-21.08%	-11.58%	$11.41	$6.22	15.69%	54.66%	0.43	6,688	-76.09%
VISL	VISLINK TECHNOLOGIES INC	$3.95	3.40%	8.52%	23.05%	20.80%	23.05%	-36.23%	-92.97%	-99.00%	-100.00%	$8.26	$2.31	52.18%	71.00%	0.72	1,570	-82.37%
AAOI	APPLIED OPTOELECTRONICS INC	$10.66	-1.75%	-8.58%	-26.48%	-34.76%	49.72%	430.35%	28.74%	-14.10%	-54.73%	$24.75	$1.60	56.93%	566.25%	1.28	1,310,606	3.25%
AMPG	AMPLITECH GROUP INC	$2.35	3.98%	5.86%	24.34%	7.31%	28.42%	-23.45%	-64.23%	N/A	N/A	$3.32	$1.50	29.22%	56.67%	1.02	14,443	-66.04%
KN	KNOWLES CORP	$15.89	-1.55%	4.06%	3.59%	-7.67%	19.65%	1.53%	-24.91%	-12.79%	-49.25%	$18.48	$12.78	14.02%	24.33%	0.91	485,362	-1.32%
KVHI	KVH INDUSTRIES INC	$4.76	-1.04%	-2.66%	-5.74%	-9.33%	1.28%	-54.88%	-64.95%	-51.18%	-63.69%	$10.89	$4.30	56.29%	10.70%	0.87	86,527	108.27%
INFN	INFINERA CORP	$4.97	-0.20%	6.65%	-6.75%	-5.87%	62.95%	-17.44%	-48.97%	12.44%	-43.97%	$6.62	$2.82	24.92%	76.24%	1.28	1,871,840	12.71%
CLRO	CLEARONE INC	$0.92	-1.61%	-5.17%	-49.84%	-10.00%	38.05%	-25.97%	-63.43%	-55.87%	-90.62%	$2.65	$0.64	65.36%	44.57%	0.33	79,213	-1.03%
ONDS	ONDAS HOLDINGS INC	$0.80	-3.72%	-13.76%	-16.46%	-41.88%	138.69%	-1.72%	-90.42%	-95.54%	N/A	$2.14	$0.32	62.52%	154.60%	0.81	107,994	153.41%
LTRX	LANTRONIX INC	$3.20	-0.93%	1.59%	-5.88%	-50.92%	-20.79%	-9.60%	-34.69%	-16.01%	60.00%	$6.95	$3.08	53.96%	3.90%	1.12	117,264	23.08%
CRNT	CERAGON NETWORKS LTD	$2.74	1.11%	1.48%	-16.72%	5.79%	61.18%	54.80%	-23.89%	-33.17%	2.62%	$3.38	$1.56	18.93%	75.64%	1.02	259,201	-5.58%
ITI	ITERIS INC	$4.35	-2.68%	-5.23%	-7.84%	-10.86%	5.33%	7.67%	-42.99%	2.11%	128.95%	$5.49	$3.72	20.77%	16.94%	1.09	114,581	-3.68%
CRDO	CREDO TECHNOLOGY GROUP HOLDING LTD	$18.17	2.19%	1.00%	-18.56%	-15.65%	27.69%	135.36%	N/A	N/A	N/A	$23.90	$7.20	23.97%	152.54%	1.60	2,124,696	81.17%
DGII	DIGI INTERNATIONAL INC	$30.59	-0.46%	3.34%	-0.07%	19.59%	20.91%	-2.83%	64.20%	138.61%	242.55%	$42.95	$21.25	28.78%	43.95%	1.17	148,827	-10.91%
SYTA	SIYATA MOBILE INC	$2.81	-1.40%	3.69%	-6.33%	-20.85%	-72.05%	-96.28%	-99.96%	N/A	N/A	$104.93	$2.12	97.32%	32.55%	0.71	36,727	13.60%
LITE	LUMENTUM HOLDINGS INC	$42.01	-0.12%	-1.01%	-17.76%	-24.87%	13.76%	-11.60%	-55.54%	-30.70%	N/A	$65.16	$35.35	35.53%	18.84%	1.21	899,290	14.79%
PI	IMPINJ INC	$155.55	28.65%	27.42%	21.53%	53.22%	213.10%	14.38%	172.80%	636.16%	N/A	$156.41	$48.39	0.55%	221.45%	1.45	3,044,332	288.93%
NTGR	NETGEAR INC	$14.82	0.54%	4.73%	-5.42%	0.54%	42.09%	-11.20%	-61.77%	-50.07%	-54.07%	$15.93	$10.40	6.97%	42.50%	0.90	137,107	11.70%
MOB	MOBILICOM LTD	$1.10	0.92%	3.77%	-14.06%	-39.89%	-29.49%	-3.51%	N/A	N/A	N/A	$3.33	$0.90	66.97%	21.68%	0.91	410,649	56.14%
AIRG	AIRGAIN INC	$5.49	-2.31%	3.00%	0.37%	54.65%	64.86%	-4.19%	-74.15%	-64.21%	N/A	$6.37	$1.63	13.81%	236.81%	0.95	9,536	37.80%
SILC	SILICOM LTD	$15.38	-0.84%	0.59%	-1.66%	-12.16%	-30.72%	-54.13%	-65.52%	-60.25%	-67.28%	$40.70	$13.75	62.21%	11.85%	0.64	6,645	-68.41%
MITQ	MOVING IMAGE TECHNOLOGIES INC	$0.53	-5.75%	-16.80%	5.00%	-39.02%	-30.00%	-45.65%	N/A	N/A	N/A	$1.29	$0.43	59.30%	21.81%	0.85	60,701	586.74%
CMBM	CAMBIUM NETWORKS CORP	$3.30	-3.79%	-3.79%	-25.17%	-24.14%	-25.84%	-76.92%	-94.75%	N/A	N/A	$18.09	$2.93	81.76%	12.82%	1.15	58,700	-17.45%
BKTI	BK TECHNOLOGIES CORP	$14.00	2.34%	3.40%	-5.21%	10.24%	13.18%	21.63%	-44.22%	-32.69%	-13.58%	$16.85	$8.79	16.91%	59.27%	0.56	21,118	-4.18%
AKTS	AKOUSTIS TECHNOLOGIES INC	$0.57	1.98%	10.76%	-0.35%	4.24%	5.01%	-80.28%	-95.39%	-91.40%	N/A	$3.57	$0.45	84.15%	25.78%	1.57	282,760	-14.85%
BOXL	BOXLIGHT CORP	$0.57	1.07%	4.24%	-19.37%	-36.40%	-68.38%	-78.87%	-97.24%	-98.24%	N/A	$3.09	$0.49	81.67%	15.51%	0.93	9,158	-29.77%
MYNA	MYNARIC AG	$5.84	10.61%	5.99%	30.77%	4.29%	68.79%	-5.04%	N/A	N/A	N/A	$7.60	$3.01	23.16%	94.02%	1.11	2,842	-50.63%
INSG	INSEEGO CORP	$3.53	9.29%	45.87%	20.89%	70.53%	8.05%	-42.54%	-96.24%	-92.07%	-81.02%	$12.30	$1.62	71.30%	117.90%	1.48	109,612	44.65%
ERIC	ERICSSON LM TELEPHONE CO	$5.24	-0.76%	3.56%	-2.60%	-9.03%	18.55%	0.19%	-62.92%	-47.12%	-56.48%	$6.36	$4.33	17.61%	21.02%	0.95	14,986,659	-33.39%
COMM	COMMSCOPE HOLDING COMPANY INC	$0.92	-13.68%	-3.68%	-27.95%	-62.65%	-61.55%	-79.93%	-94.56%	-96.41%	-96.29%	$6.65	$0.86	86.23%	6.40%	1.51	7,676,019	354.72%
OCC	OPTICAL CABLE CORP	$3.00	10.29%	8.66%	2.04%	7.53%	14.50%	-27.18%	-11.76%	-36.03%	-20.00%	$4.65	$2.26	35.48%	32.74%	0.37	9,391	319.80%
SATS	ECHOSTAR CORP	$16.02	0.88%	10.03%	17.36%	14.67%	17.62%	-5.40%	-34.34%	-59.13%	-64.67%	$24.80	$9.53	35.40%	68.10%	0.87	1,532,889	50.46%
DZSI	DZS INC	$1.12	-0.88%	4.67%	-18.84%	-33.33%	-24.32%	-82.45%	-92.29%	-89.66%	-92.25%	$7.43	$1.06	84.93%	5.66%	1.37	87,944	-55.91%
CMTL	COMTECH TELECOMMUNICATIONS CORP	$1.87	6.86%	-0.27%	-42.11%	-74.24%	-83.09%	-81.95%	-92.50%	-91.82%	-94.10%	$13.04	$1.53	85.66%	22.22%	1.14	717,713	-39.43%
CAMP	CALAMP CORP	$3.12	-4.59%	7.22%	-0.95%	-25.55%	-41.78%	-94.05%	-99.03%	-98.99%	-99.27%	$68.54	$2.29	95.45%	36.24%	1.41	21,996	76.85%
SATX	SATIXFY COMMUNICATIONS LTD	$0.59	2.45%	9.35%	-16.43%	42.68%	42.68%	-58.21%	N/A	N/A	N/A	$1.03	$0.28	43.20%	111.19%	1.36	18,077	-44.67%
UMAC	UNUSUAL MACHINES INC	$1.43	-3.38%	-7.74%	-20.56%	N/A	N/A	N/A	N/A	N/A	N/A	$5.54	$1.36	74.19%	5.15%	0.67	19,030	-4.44%
ASTS	AST SPACEMOBILE INC	$2.19	2.34%	2.34%	-22.89%	-25.76%	-25.00%	-50.68%	-77.04%	N/A	N/A	$7.10	$1.97	69.15%	11.17%	0.83	1,725,629	15.07%
MINM	MINIM INC	$3.72	3.05%	-20.00%	-37.79%	66.82%	313.33%	59.66%	-95.04%	-85.12%	14.46%	$14.00	$0.60	73.43%	517.94%	0.69	105,871	269.62%
ASNS	ACTELIS NETWORKS INC	$0.75	-5.78%	10.29%	-27.18%	-31.19%	-32.43%	-73.31%	N/A	N/A	N/A	$11.26	$0.62	93.34%	20.97%	0.71	1,878	-23.75%

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 58, which is 29 points higher than the communication equipment industry average of 29. It passed 19 out of 33 due diligence checks and has strong fundamentals. Harmonic has seen its stock lose -33.86% over the past year, underperforming other communication equipment stocks by -21 percentage points.

Harmonic has an average 1 year price target of $16.50, an upside of 79.35% from Harmonic's current stock price of $9.20.

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 29 points higher than the communication equipment industry average of 29. It passed 21 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock return 2.14% over the past year, overperforming other communication equipment stocks by 15 percentage points.

Cisco has an average 1 year price target of $53.15, an upside of 10.51% from Cisco's current stock price of $48.10.

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 26 points higher than the communication equipment industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock return 20.01% over the past year, overperforming other communication equipment stocks by 33 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 163.4%, which is 147 percentage points higher than the communication equipment industry average of 16.26%. 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 5.18%, which is -11 percentage points lower than the communication equipment industry average of 16.26%. 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 4.85%, which is -11 percentage points lower than the communication equipment industry average of 16.26%. 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 3.45% in the last day, and up 4.9% over the last week. Impinj was the among the top gainers in the communication equipment industry, gaining 28.65% yesterday.

Impinj shares are trading higher after the company reported better-than-expected Q1 financial results.

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 86, which is 61 points higher than the communication equipment industry average of 25. It passed 6 out of 7 valuation due diligence checks.

Audiocodes's stock has gained 4.61% in the past year. It has overperformed other stocks in the communication equipment industry by 18 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 46 points higher than the communication equipment industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Telesat's stock has dropped -13.37% in the past year. It has performed in line with other stocks in the communication equipment industry.

3. Clearfield (NASDAQ:CLFD)

Clearfield (NASDAQ:CLFD) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Clearfield has a valuation score of 57, which is 32 points higher than the communication equipment industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Clearfield's stock has dropped -29.15% in the past year. It has underperformed other stocks in the communication equipment industry by -16 percentage points.

Are communication equipment stocks a good buy now?

43.18% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 18.54% 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 10.86x.

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