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:

Clearfield (NASDAQ:CLFD) is the top communication equipment stock with a Zen Score of 68, which is 34 points higher than the communication equipment industry average of 34. It passed 23 out of 33 due diligence checks and has strong fundamentals. Clearfield has seen its stock return 78.48% over the past year, overperforming other communication equipment stocks by 103 percentage points.

Clearfield has an average 1 year price target of $64.50, a downside of -1.32% from Clearfield's current stock price of $65.36.

Clearfield stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Clearfield, 0% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 50% have issued a Sell rating, and 0% have issued a Strong Sell.

Zebra Technologies (NASDAQ:ZBRA) is the second best communication equipment stock with a Zen Score of 62, which is 28 points higher than the communication equipment industry average of 34. It passed 21 out of 33 due diligence checks and has strong fundamentals. Zebra Technologies has seen its stock lose -39.48% over the past year, underperforming other communication equipment stocks by -15 percentage points.

Zebra Technologies has an average 1 year price target of $532.00, an upside of 72.22% from Zebra Technologies's current stock price of $308.91.

Zebra Technologies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Zebra Technologies, 40% have issued a Strong Buy rating, 40% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

Cisco Systems (NASDAQ:CSCO) is the third best communication equipment stock with a Zen Score of 58, which is 24 points higher than the communication equipment industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Cisco Systems has seen its stock lose -16.45% over the past year, overperforming other communication equipment stocks by 8 percentage points.

Cisco Systems has an average 1 year price target of $54.13, an upside of 22.73% from Cisco Systems's current stock price of $44.10.

Cisco Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Cisco Systems, 25% have issued a Strong Buy rating, 31.25% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 6.25% have issued a Strong Sell.

Out of 15 communication equipment stocks that have issued dividends in the past year, the 3 communication equipment stocks with the highest dividend yields are:

Tel (NASDAQ:PCTI) has an annual dividend yield of 5.31%, which is 3 percentage points higher than the communication equipment industry average of 2.44%. 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 -550% indicates that its high dividend yield might not be sustainable for the long-term.

Comtech Telecommunications (NASDAQ:CMTL) has an annual dividend yield of 4.11%, which is 2 percentage points higher than the communication equipment industry average of 2.44%. 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 -35.7% indicates that its dividend yield might not be sustainable for the long-term.

Bk Technologies (NYSEMKT:BKTI) has an annual dividend yield of 4.08%, which is 2 percentage points higher than the communication equipment industry average of 2.44%. Bk Technologies's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Bk Technologies's dividend has not shown consistent growth over the last 10 years.

Bk Technologies's dividend payout ratio of -38.5% indicates that its dividend yield might not be sustainable for the long-term.

Communication equipment stocks were up 3.08% in the last day, and up 6.12% over the last week. Moving Image Technologies was the among the top gainers in the communication equipment industry, gaining 20.37% yesterday.

Moving iMage Technologies shares are trading higher after the company announced a $1 million buyback.

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

Optical Cable (NASDAQ:OCC) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Optical Cable has a valuation score of 86, which is 53 points higher than the communication equipment industry average of 33. It passed 6 out of 7 valuation due diligence checks.

Optical Cable's stock has gained 5.41% in the past year. It has overperformed other stocks in the communication equipment industry by 30 percentage points.

Ericsson Lm Telephone Co (NASDAQ:ERIC) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Ericsson Lm Telephone Co has a valuation score of 71, which is 38 points higher than the communication equipment industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Ericsson Lm Telephone Co's stock has dropped -37.76% in the past year. It has underperformed other stocks in the communication equipment industry by -13 percentage points.

Aviat Networks (NASDAQ:AVNW) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Aviat Networks has a valuation score of 71, which is 38 points higher than the communication equipment industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Aviat Networks's stock has dropped -25.94% in the past year. It has underperformed other stocks in the communication equipment industry by -1 percentage points.