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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.

Industry: Communication Equipment
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
ITRN
ITURAN LOCATION & CONTROL LTD
$464.32M$22.82$25.009.55%Hold10.66%4.97%33.10%16.16%
CSCO
CISCO SYSTEMS INC
$201.26B$48.99$51.655.42%Buy173.64%9.83%37.03%16.03%
CLFD
CLEARFIELD INC
$1.47B$106.15$97.33-8.31%Hold3N/AN/AN/AN/A
WTT
WIRELESS TELECOM GROUP INC
$36.00M$1.67N/AN/AN/AN/AN/AN/AN/AN/A
ERIC
ERICSSON LM TELEPHONE CO
$19.66B$6.40$8.5032.81%Buy54.43%0.23%22.08%7.86%
LITE
LUMENTUM HOLDINGS INC
$3.80B$55.71$85.5853.62%Strong Buy1213.07%62.12%27.88%9.70%
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
$2.20B$15.00$19.3328.89%Strong Buy932.26%N/A28.15%23.39%
HPE
HEWLETT PACKARD ENTERPRISE CO
$20.88B$16.29$16.17-0.76%Hold122.60%34.98%11.42%3.97%
KVHI
KVH INDUSTRIES INC
$198.34M$10.34$13.0025.73%Buy2-1.19%N/A1.12%0.89%
CMBM
CAMBIUM NETWORKS CORP
$590.45M$21.84$26.3320.57%Buy711.39%54.79%N/AN/A
JNPR
JUNIPER NETWORKS INC
$10.53B$32.45$32.710.81%Hold152.50%7.93%11.22%5.42%
AUDC
AUDIOCODES LTD
$575.11M$18.08$28.6758.56%Hold38.16%12.26%N/AN/A
ZBRA
ZEBRA TECHNOLOGIES CORP
$13.05B$252.82$445.0076.01%Buy62.90%47.56%39.56%14.11%
AVNW
AVIAT NETWORKS INC
$355.68M$31.42$57.0081.41%Strong Buy3N/AN/A15.84%9.67%
AMPG
AMPLITECH GROUP INC
$21.48M$2.23$5.00124.22%Strong Buy1-0.90%N/A4.56%3.60%
HLIT
HARMONIC INC
$1.42B$13.43$18.0034.03%Strong Buy40.37%-34.15%16.83%7.25%
VIAV
VIAVI SOLUTIONS INC
$2.48B$10.95$15.0837.74%Buy73.22%20.11%26.88%9.87%
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$12.71M$2.23N/AN/AN/AN/AN/AN/AN/AN/A
SATS
ECHOSTAR CORP
$1.37B$16.54$26.0057.19%Buy21.40%30.44%2.18%1.22%
ONDS
ONDAS HOLDINGS INC
$99.49M$2.32$9.50309.48%Strong Buy2340.96%N/AN/AN/A
NOK
NOKIA CORP
$27.70B$4.90$6.5032.65%Buy52.63%22.09%14.95%6.48%
AIRG
AIRGAIN INC
$73.51M$7.19$12.5073.85%Buy213.29%N/AN/AN/A
EXTR
EXTREME NETWORKS INC
$2.67B$20.36$17.83-12.41%Strong Buy3N/AN/A80.75%8.44%
AKTS
AKOUSTIS TECHNOLOGIES INC
$201.72M$3.51$6.0070.94%Strong Buy2126.55%N/A-4.64%-2.78%
BOXL
BOXLIGHT CORP
$24.31M$0.33$3.00814.63%Buy112.13%N/A25.36%5.53%
NTIP
NETWORK-1 TECHNOLOGIES INC
$51.85M$2.17N/AN/AN/AN/AN/AN/AN/AN/A
VISL
VISLINK TECHNOLOGIES INC
$16.50M$0.35$1.25259.20%Strong Buy1N/AN/AN/AN/A
PCTI
PC TEL INC
$78.85M$4.20$10.50150.00%Strong Buy1N/AN/AN/AN/A
MAXR
MAXAR TECHNOLOGIES INC
$1.83B$24.48$35.5745.31%Buy75.61%84.14%12.91%4.14%
MSI
MOTOROLA SOLUTIONS INC
$45.11B$269.79$290.007.49%Strong Buy43.87%19.76%-451.20%15.84%
INFN
INFINERA CORP
$1.59B$7.23$8.3014.80%Hold55.08%N/A48.10%3.66%
ADTN
ADTRAN HOLDINGS INC
$1.59B$20.49$27.0031.77%Strong Buy523.99%N/A10.96%5.20%
FKWL
FRANKLIN WIRELESS CORP
$38.21M$3.27N/AN/AN/AN/AN/AN/AN/AN/A
SYTA
SIYATA MOBILE INC
$2.42M$0.14$6.504,477.46%Strong Buy1206.66%N/A-27.83%-19.74%
PI
IMPINJ INC
$3.03B$116.88$106.20-9.14%Strong Buy513.10%N/A-75.44%-0.47%
DGII
DIGI INTERNATIONAL INC
$1.43B$40.12$46.0014.66%Strong Buy59.02%N/AN/AN/A
MITQ
MOVING IMAGE TECHNOLOGIES INC
$12.60M$1.15N/AN/AN/AN/AN/AN/AN/AN/A
PWFL
POWERFLEET INC
$86.81M$2.40$9.00275.00%Strong Buy25.90%N/AN/AN/A
ALLT
ALLOT LTD
$123.74M$3.36$9.33177.77%Hold313.00%N/AN/AN/A
UTSI
UTSTARCOM HOLDINGS CORP
$41.08M$4.55N/AN/AStrong Buy1N/AN/AN/AN/A
DZSI
DZS INC
$326.21M$11.67$21.0079.95%Strong Buy311.03%N/AN/AN/A
NTGR
NETGEAR INC
$610.93M$21.14$23.008.80%Buy25.53%N/AN/AN/A
CIEN
CIENA CORP
$7.68B$51.87$61.7118.98%Strong Buy1510.80%N/A17.77%9.67%
UI
UBIQUITI INC
$17.40B$287.92$298.003.50%Sell2N/AN/AN/AN/A
SWIR
SIERRA WIRELESS INC
$1.14B$29.09$28.25-2.89%Hold72.32%N/A10.52%4.78%
MYNA
MYNARIC AG
$78.64M$3.75$9.00140.00%Buy1473.94%N/A15.35%8.50%
MINM
MINIM INC
$8.10M$0.17$1.00474.71%Strong Buy117.29%N/A-11.27%-5.75%
GILT
GILAT SATELLITE NETWORKS LTD
$325.50M$5.75N/AN/AN/AN/AN/AN/AN/AN/A
LTRX
LANTRONIX INC
$169.60M$4.68$11.50145.73%Strong Buy2N/AN/AN/AN/A
ITI
ITERIS INC
$127.06M$2.98$5.0067.79%Strong Buy37.34%N/A9.77%5.64%
CLRO
CLEARONE INC
$19.33M$0.81N/AN/AN/AN/AN/AN/AN/AN/A
CRNT
CERAGON NETWORKS LTD
$170.56M$2.03$5.00146.31%Strong Buy21.06%N/A6.33%2.78%
SILC
SILICOM LTD
$303.27M$45.20$65.0043.81%Buy1N/AN/AN/AN/A
PEGY
PINEAPPLE ENERGY INC
$21.00M$2.23$5.70155.61%Buy1N/AN/AN/AN/A
VSAT
VIASAT INC
$2.27B$30.01$56.8889.52%Buy511.91%N/A-0.82%-0.33%
KN
KNOWLES CORP
$1.51B$16.58$17.002.53%Hold1-2.73%N/A9.48%7.79%
TESS
TESSCO TECHNOLOGIES INC
$45.29M$4.92N/AN/AStrong Buy15.43%N/A-3.69%-1.24%
SONM
SONIM TECHNOLOGIES INC
$20.83M$0.51N/AN/AStrong Buy1-6.07%N/A19.76%8.88%
COMM
COMMSCOPE HOLDING COMPANY INC
$1.70B$8.16$10.1424.30%Hold91.88%N/A-103.40%4.36%
CMTL
COMTECH TELECOMMUNICATIONS CORP
$373.58M$13.45$12.00-10.78%Hold3N/AN/AN/AN/A
FEIM
FREQUENCY ELECTRONICS INC
$50.29M$5.40N/AN/AN/AN/AN/AN/AN/AN/A
CASA
CASA SYSTEMS INC
$255.48M$2.70$3.2520.37%Hold2-0.19%N/A35.57%3.46%
INSG
INSEEGO CORP
$138.05M$1.28$4.83277.58%Buy310.32%N/AN/AN/A
OCC
OPTICAL CABLE CORP
$29.36M$3.72N/AN/AN/AN/AN/AN/AN/AN/A
ASNS
ACTELIS NETWORKS INC
$9.82M$0.57N/AN/AN/AN/AN/AN/AN/AN/A
TSAT
TELESAT CORP
$95.09M$7.55N/AN/AN/AN/AN/AN/AN/AN/A
CAMP
CALAMP CORP
$126.01M$3.40$10.18199.26%Buy45.41%N/AN/AN/A
BKTI
BK TECHNOLOGIES CORP
$45.52M$2.68N/AN/AN/AN/AN/AN/AN/AN/A
WLDS
WEARABLE DEVICES LTD
$9.72M$0.66N/AN/AN/AN/AN/AN/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
$1.65B$23.75N/AN/AN/AN/AN/AN/AN/AN/A

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in Dec 2022?

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

1. Ituran Location & Control (NASDAQ:ITRN)


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.

2. Cisco (NASDAQ:CSCO)


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.

3. Clearfield (NASDAQ:CLFD)


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.

What are the communication equipment stocks with highest dividends?

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:

1. Network 1 Technologies (NYSEMKT:NTIP)


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.

2. Tel (NASDAQ:PCTI)


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.

3. Ericsson Lm Telephone Co (NASDAQ:ERIC)


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.

Why are communication equipment stocks up?

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.

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. Ericsson Lm Telephone Co (NASDAQ:ERIC)


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.

2. Bos Better Online Solutions (NASDAQ:BOSC)


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.

3. Ituran Location & Control (NASDAQ:ITRN)


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.

Are communication equipment stocks a good buy now?

44.64% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 27.23% 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 18.59x.
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.