Sectors & IndustriesTechnologyCommunication Equipment

Best Communication Equipment Stocks to Buy Now (2022)

Top communication equipment stocks in 2022 ranked by overall Zen Score. See the best communication equipment stocks to buy now, according to analyst forecasts for the communication equipment industry.

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

Ituran Location & Control (NASDAQ:ITRN) is the top communication equipment stock with a Zen Score of 56, which is 26 points higher than the communication equipment industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock lose -14.05% over the past year, overperforming other communication equipment stocks by 7 percentage points.

Ituran Location & Control has an average 1 year price target of $25.00, an upside of 9.55% from Ituran Location & Control's current stock price of $22.82.

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

Cisco (NASDAQ:CSCO) is the second best communication equipment stock with a Zen Score of 49, which is 19 points higher than the communication equipment industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock lose -14.08% over the past year, overperforming other communication equipment stocks by 7 percentage points.

Cisco has an average 1 year price target of $51.65, an upside of 5.42% from Cisco's current stock price of $48.99.

Cisco stock has a consensus Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Cisco, 11.76% have issued a Strong Buy rating, 29.41% have issued a Buy, 52.94% have issued a hold, while 0% have issued a Sell rating, and 5.88% have issued a Strong Sell.

Clearfield (NASDAQ:CLFD) is the third best communication equipment stock with a Zen Score of 48, which is 18 points higher than the communication equipment industry average of 30. It passed 16 out of 33 due diligence checks and has strong fundamentals. Clearfield has seen its stock return 60.11% over the past year, overperforming other communication equipment stocks by 81 percentage points.

Clearfield has an average 1 year price target of $97.33, a downside of -8.31% from Clearfield's current stock price of $106.15.

Clearfield stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Clearfield, 0% have issued a Strong Buy rating, 66.67% have issued a Buy, 0% have issued a hold, while 33.33% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 14 communication equipment stocks that have issued dividends in the past year, the 3 communication equipment stocks with the highest dividend yields are:

Network 1 Technologies (NYSEMKT:NTIP) has an annual dividend yield of 4.61%, which is 2 percentage points higher than the communication equipment industry average of 2.4%. Network 1 Technologies's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Network 1 Technologies's dividend has not shown consistent growth over the last 10 years.

Network 1 Technologies's dividend payout ratio of -166.7% indicates that its high dividend yield might not be sustainable for the long-term.

Tel (NASDAQ:PCTI) has an annual dividend yield of 3.93%, which is 2 percentage points higher than the communication equipment industry average of 2.4%. Tel's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Tel's dividend has shown consistent growth over the last 10 years.

Tel's dividend payout ratio of 275% indicates that its dividend yield might not be sustainable for the long-term.

Ericsson Lm Telephone Co (NASDAQ:ERIC) has an annual dividend yield of 3.91%, which is 2 percentage points higher than the communication equipment industry average of 2.4%. Ericsson Lm Telephone Co's dividend payout is not stable, having dropped more than 10% six 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 32.7% indicates that its dividend yield is sustainable for the long-term.

Communication equipment stocks were up 2.12% in the last day, and down -3.12% over the last week. Ciena was the among the top gainers in the communication equipment industry, gaining 19.96% yesterday.

Ciena shares are trading higher after the company reported better-than-expected Q4 sales results.

Based on WallStreetZen's Valuation Score, the 3 most undervalued communication equipment stocks right now are:

Ericsson Lm Telephone Co (NASDAQ:ERIC) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Ericsson Lm Telephone Co has a valuation score of 71, which is 40 points higher than the communication equipment industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Ericsson Lm Telephone Co's stock has dropped -37.8% in the past year. It has underperformed other stocks in the communication equipment industry by -17 percentage points.

Bos Better Online Solutions (NASDAQ:BOSC) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Bos Better Online Solutions has a valuation score of 57, which is 26 points higher than the communication equipment industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Bos Better Online Solutions's stock has dropped -24.66% in the past year. It has underperformed other stocks in the communication equipment industry by -4 percentage points.

Ituran Location & Control (NASDAQ:ITRN) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Ituran Location & Control has a valuation score of 57, which is 26 points higher than the communication equipment industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Ituran Location & Control's stock has dropped -14.05% in the past year. It has overperformed other stocks in the communication equipment industry by 7 percentage points.