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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
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
HLIT
HARMONIC INC
$1.50B$13.38$16.5023.32%Strong Buy49.59%N/AN/AN/A
CSCO
CISCO SYSTEMS INC
$196.30B$48.48$55.1013.66%Hold10-3.38%-0.04%30.96%14.15%
ERIC
ERICSSON LM TELEPHONE CO
$17.84B$5.35$7.7845.42%Strong Buy1-0.80%46.02%N/AN/A
CLRO
CLEARONE INC
$23.84M$1.00N/AN/AN/AN/AN/AN/AN/AN/A
ITRN
ITURAN LOCATION & CONTROL LTD
$513.33M$25.78N/AN/AN/AN/AN/AN/AN/AN/A
AUDC
AUDIOCODES LTD
$401.27M$13.08$15.0014.68%Sell26.60%182.84%N/AN/A
NOK
NOKIA CORP
$19.88B$3.53$4.7534.56%Buy3-4.88%-50.15%N/AN/A
JNPR
JUNIPER NETWORKS INC
$11.91B$36.99$35.00-5.38%Hold61.03%44.66%N/AN/A
EXTR
EXTREME NETWORKS INC
$1.52B$11.83$15.1728.21%Hold3-6.51%N/AN/AN/A
HPE
HEWLETT PACKARD ENTERPRISE CO
$19.38B$14.91$18.2922.64%Buy72.41%6.52%N/AN/A
MSI
MOTOROLA SOLUTIONS INC
$53.96B$324.82$344.005.90%Strong Buy35.91%7.35%N/AN/A
SATS
ECHOSTAR CORP
$1.13B$13.51$24.0077.65%Buy3819.04%-18.92%N/AN/A
VSAT
VIASAT INC
$2.57B$20.47$31.7555.11%Buy49.92%N/A7.34%2.25%
UI
UBIQUITI INC
$7.55B$124.94$126.501.25%Sell28.58%N/AN/AN/A
ITI
ITERIS INC
$205.96M$4.80$7.7561.46%Strong Buy2-0.25%150.00%N/AN/A
CIEN
CIENA CORP
$7.89B$54.45$60.5011.11%Strong Buy85.46%65.61%N/AN/A
ZBRA
ZEBRA TECHNOLOGIES CORP
$14.10B$274.43$279.001.67%Buy50.99%254.09%N/AN/A
BDC
BELDEN INC
$3.34B$81.25$102.2525.85%Strong Buy4-9.32%25.04%N/AN/A
MOB
MOBILICOM LTD
$7.32M$1.38N/AN/AN/AN/AN/AN/AN/AN/A
SONM
SONIM TECHNOLOGIES INC
$29.24M$0.68N/AN/AN/AN/A12.44%N/AN/AN/A
GILT
GILAT SATELLITE NETWORKS LTD
$356.73M$6.30$8.5034.92%Buy1N/AN/AN/AN/A
AVNW
AVIAT NETWORKS INC
$434.51M$34.63$56.0061.71%Strong Buy319.43%N/AN/AN/A
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$15.86M$2.76N/AN/AN/AN/AN/AN/AN/AN/A
UTSI
UTSTARCOM HOLDINGS CORP
$26.40M$2.91N/AN/AN/AN/AN/AN/AN/AN/A
FKWL
FRANKLIN WIRELESS CORP
$33.11M$2.81N/AN/AN/AN/AN/AN/AN/AN/A
AMPG
AMPLITECH GROUP INC
$18.31M$1.89N/AN/AN/AN/AN/AN/AN/AN/A
FEIM
FREQUENCY ELECTRONICS INC
$103.10M$10.95N/AN/AN/AN/AN/AN/AN/AN/A
VIAV
VIAVI SOLUTIONS INC
$2.09B$9.38$11.3320.82%Strong Buy33.58%520.48%N/AN/A
PWFL
POWERFLEET INC
$109.03M$2.93$6.67127.54%Strong Buy312.86%N/AN/AN/A
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
$3.31B$21.97$21.86-0.51%Strong Buy738.08%N/AN/AN/A
ADTN
ADTRAN HOLDINGS INC
$483.21M$6.14$8.5038.44%Buy2-21.47%N/AN/AN/A
KVHI
KVH INDUSTRIES INC
$98.84M$5.04$7.0038.89%Buy1N/AN/A1.12%0.94%
SYTA
SIYATA MOBILE INC
$876.66k$3.31N/AN/AN/AN/A146.26%N/AN/AN/A
CLFD
CLEARFIELD INC
$433.11M$29.45$41.5040.92%Strong Buy2-31.75%N/AN/AN/A
INFN
INFINERA CORP
$1.11B$4.88$6.5033.20%Strong Buy20.71%N/AN/AN/A
KN
KNOWLES CORP
$1.52B$16.93$15.00-11.40%Hold1N/AN/AN/AN/A
CMBM
CAMBIUM NETWORKS CORP
$112.04M$4.05$8.56111.43%Buy40.85%N/AN/AN/A
VISL
VISLINK TECHNOLOGIES INC
$8.14M$3.41N/AN/AN/AN/AN/AN/AN/AN/A
ONDS
ONDAS HOLDINGS INC
$72.89M$1.25$3.50180.00%Strong Buy1157.21%N/AN/AN/A
OCC
OPTICAL CABLE CORP
$21.16M$2.68N/AN/AN/AN/AN/AN/AN/AN/A
LTRX
LANTRONIX INC
$152.53M$4.07$8.67112.95%Strong Buy316.63%N/AN/AN/A
DGII
DIGI INTERNATIONAL INC
$1.09B$30.00$36.3321.11%Strong Buy30.32%N/AN/AN/A
PI
IMPINJ INC
$2.74B$100.85$120.0018.99%Strong Buy417.85%N/AN/AN/A
LITE
LUMENTUM HOLDINGS INC
$3.24B$48.01$52.9010.19%Buy108.17%N/AN/AN/A
NTGR
NETGEAR INC
$433.95M$14.63$17.0016.20%Buy10.99%N/AN/AN/A
CRNT
CERAGON NETWORKS LTD
$248.36M$2.92$5.2579.79%Buy1N/AN/AN/AN/A
MITQ
MOVING IMAGE TECHNOLOGIES INC
$7.02M$0.67N/AN/AN/AN/AN/AN/AN/AN/A
AAOI
APPLIED OPTOELECTRONICS INC
$681.95M$19.19$21.5012.04%Strong Buy252.98%N/AN/AN/A
BKTI
BK TECHNOLOGIES CORP
$40.67M$11.77N/AN/AN/AN/AN/AN/AN/AN/A
TSAT
TELESAT CORP
$124.22M$9.15N/AN/AN/AN/AN/AN/AN/AN/A
SILC
SILICOM LTD
$98.19M$15.02$22.0046.47%Buy1N/AN/AN/AN/A
AKTS
AKOUSTIS TECHNOLOGIES INC
$72.37M$0.73$1.92161.17%Hold334.73%N/AN/AN/A
MYNA
MYNARIC AG
$113.37M$5.00N/AN/AN/AN/A252.62%N/AN/AN/A
BOXL
BOXLIGHT CORP
$7.88M$0.82$3.00265.85%Buy1N/AN/AN/AN/A
DZSI
DZS INC
$46.43M$1.49$6.50336.24%Strong Buy213.54%N/AN/AN/A
CMTL
COMTECH TELECOMMUNICATIONS CORP
$203.62M$7.15$18.25155.24%Strong Buy19.64%N/AN/AN/A
CAMP
CALAMP CORP
$4.96M$3.00$44.471,382.23%Hold3-10.93%N/AN/AN/A
AIRG
AIRGAIN INC
$40.21M$3.85N/AN/AN/AN/A-8.21%N/AN/AN/A
INSG
INSEEGO CORP
$36.63M$3.13$11.50267.41%Hold228.46%N/AN/AN/A
COMM
COMMSCOPE HOLDING COMPANY INC
$409.27M$1.93$2.003.63%Sell2-17.71%N/AN/AN/A
UMAC
UNUSUAL MACHINES INC
N/A$2.48N/AN/AN/AN/AN/AN/AN/AN/A
CASA
CASA SYSTEMS INC
$27.75M$0.28N/AN/AN/AN/AN/AN/AN/AN/A
MINM
MINIM INC
$12.95M$4.92N/AN/AN/AN/AN/AN/AN/AN/A
ASTS
AST SPACEMOBILE INC
$689.88M$3.16$23.00627.85%Strong Buy1N/AN/AN/AN/A
ASNS
ACTELIS NETWORKS INC
$3.06M$1.13N/AN/AN/AN/AN/AN/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
N/A$0.57N/AN/AN/AN/AN/AN/AN/AN/A

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in Feb 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 62, which is 32 points higher than the communication equipment industry average of 30. It passed 20 out of 33 due diligence checks and has strong fundamentals. Harmonic has seen its stock return 2.53% over the past year, overperforming other communication equipment stocks by 28 percentage points.

Harmonic has an average 1 year price target of $16.50, an upside of 23.32% from Harmonic's current stock price of $13.38.

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 lose -2.44% over the past year, overperforming other communication equipment stocks by 23 percentage points.

Cisco has an average 1 year price target of $55.10, an upside of 13.66% from Cisco's current stock price of $48.48.

Cisco stock has a consensus Hold recommendation according to Wall Street analysts. Of the 10 analysts covering Cisco, 0% have issued a Strong Buy rating, 20% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Ericsson Lm Telephone Co (NASDAQ:ERIC)


Ericsson Lm Telephone Co (NASDAQ:ERIC) is the third best communication equipment stock with a Zen Score of 57, which is 27 points higher than the communication equipment industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Ericsson Lm Telephone Co has seen its stock lose -4.63% over the past year, overperforming other communication equipment stocks by 21 percentage points.

Ericsson Lm Telephone Co has an average 1 year price target of $7.78, an upside of 45.42% from Ericsson Lm Telephone Co's current stock price of $5.35.

Ericsson Lm Telephone Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Ericsson Lm Telephone Co, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the communication equipment stocks with highest dividends?

Out of 13 communication equipment stocks that have issued dividends in the past year, the 3 communication equipment stocks with the highest dividend yields are:

1. Comtech Telecommunications (NASDAQ:CMTL)


Comtech Telecommunications (NASDAQ:CMTL) has an annual dividend yield of N/A, which is N/A percentage points lower than the communication equipment industry average of 10.78%. Comtech Telecommunications's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Comtech Telecommunications's dividend has not shown consistent growth over the last 10 years.

Comtech Telecommunications's dividend payout ratio of -11.6% indicates that its dividend yield might not be sustainable for the long-term.

2. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 100.5%, which is 90 percentage points higher than the communication equipment industry average of 10.78%. Clearone's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of 113.6% 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 4.79%, which is -6 percentage points lower than the communication equipment industry average of 10.78%. 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 47.2% indicates that its high dividend yield is sustainable for the long-term.

Why are communication equipment stocks down?

Communication equipment stocks were down -0.14% in the last day, and up 0.84% over the last week.

We couldn't find a catalyst for why communication equipment stocks are down.

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. Mobilicom (NASDAQ:MOB)


Mobilicom (NASDAQ:MOB) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Mobilicom has a valuation score of 71, which is 43 points higher than the communication equipment industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Mobilicom's stock has dropped -36.99% in the past year. It has underperformed other stocks in the communication equipment industry by -11 percentage points.

2. Viasat (NASDAQ:VSAT)


Viasat (NASDAQ:VSAT) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Viasat has a valuation score of 71, which is 43 points higher than the communication equipment industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Viasat's stock has dropped -37.76% in the past year. It has underperformed other stocks in the communication equipment industry by -12 percentage points.

3. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Clearone has a valuation score of 71, which is 43 points higher than the communication equipment industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Clearone's stock has dropped -40.06% in the past year. It has underperformed other stocks in the communication equipment industry by -15 percentage points.

Are communication equipment stocks a good buy now?

45.45% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 19.88% 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 18.42x.
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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.