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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
CSCO
CISCO SYSTEMS INC
$202.09B$57.23B$18.18B$13.44B$3.317.66%2.40%20.80%3.78%2024-05-15
HLIT
HARMONIC INC
$1.50B$607.91M$34.09M$83.99M$0.75-2.73%8.54%177.78%N/A2024-05-06
ITRN
ITURAN LOCATION & CONTROL LTD
$558.05M$319.98M$84.11M$48.14M$2.409.18%4.78%31.87%-3.58%2024-05-22
CLRO
CLEARONE INC
$43.85M$18.57M$30.06M$20.83M$0.88-34.58%-9.27%N/AN/A2024-05-14
HPE
HEWLETT PACKARD ENTERPRISE CO
$23.05B$28.08B$4.93B$1.91B$1.48-4.30%-1.79%124.24%26.33%2024-05-28
CIEN
CIENA CORP
$7.15B$4.37B$532.24M$228.13M$1.5513.60%6.24%27.05%6.91%
VSAT
VIASAT INC
$2.27B$3.80B$1.35B$228.20M$7.7952.19%14.27%N/AN/A2024-05-15
AUDC
AUDIOCODES LTD
$397.81M$244.38M$17.02M$8.78M$0.28-11.16%6.76%-68.54%-9.84%2024-05-07
MSI
MOTOROLA SOLUTIONS INC
$58.97B$9.98B$2.71B$1.71B$10.239.50%6.32%25.68%11.45%2024-05-02
JNPR
JUNIPER NETWORKS INC
$11.93B$5.56B$534.10M$310.20M$0.974.97%3.67%-33.56%-9.75%2024-04-25
EXTR
EXTREME NETWORKS INC
$1.49B$1.35B$159.24M$80.22M$0.6114.09%5.44%60.53%N/A2024-04-24
UI
UBIQUITI INC
$7.00B$1.88B$545.34M$372.12M$6.164.69%11.07%7.13%6.39%2024-05-03
AVNW
AVIAT NETWORKS INC
$481.06M$357.26M$29.33M$15.12M$1.3110.31%7.38%7.38%N/A2024-05-01
CLFD
CLEARFIELD INC
$453.55M$217.01M$24.60M$13.01M$0.81-29.02%21.82%-78.91%19.67%2024-05-02
ITI
ITERIS INC
$211.97M$171.68M$7.61M$2.49M$0.0616.12%11.80%N/AN/A
TSAT
TELESAT CORP
$115.96M$517.77M$524.14M$115.53M$8.61-4.46%-4.57%N/AN/A2024-05-11
SONM
SONIM TECHNOLOGIES INC
$26.36M$93.63M$2.51M-$90.00k$0.0034.09%-7.15%N/AN/A2024-04-23
ZBRA
ZEBRA TECHNOLOGIES CORP
$15.49B$4.58B$643.00M$296.00M$5.75-20.71%1.68%-35.10%-6.06%2024-04-30
NOK
NOKIA CORP
$19.87B$24.19B$2.24B$722.83M$0.13-6.68%-0.95%-83.33%N/A2024-04-18
BDC
BELDEN INC
$3.80B$2.51B$419.03M$242.76M$5.75-3.62%3.01%-1.03%13.15%2024-05-01
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$17.53M$44.62MN/A$2.11M$0.3613.65%7.22%125.00%5.15%2024-05-28
VIAV
VIAVI SOLUTIONS INC
$2.02B$1.01B$102.80M$5.00M$0.02-18.60%-0.79%-93.94%N/A2024-04-30
FKWL
FRANKLIN WIRELESS CORP
$35.23M$47.36M-$2.23M-$2.38M-$0.1931.83%5.30%N/AN/A2024-05-13
UTSI
UTSTARCOM HOLDINGS CORP
$23.70M$15.75M-$1.22M-$4.02M-$0.4412.11%-32.92%N/AN/A2024-05-10
GILT
GILAT SATELLITE NETWORKS LTD
$309.60M$266.09M$41.49M$23.50M$0.4110.94%-0.02%N/A3.82%2024-05-07
AMPG
AMPLITECH GROUP INC
$17.92M$15.85M-$1.81M-$2.83M-$0.29-11.17%52.62%N/AN/A2024-03-29
PWFL
POWERFLEET INC
$198.71M$132.20M$9.05M-$8.66M-$0.24-3.13%20.18%N/AN/A2024-05-07
ADTN
ADTRAN HOLDINGS INC
$428.12M$1.28B-$74.53M-$118.86M-$1.3256.06%19.96%N/AN/A2024-05-07
CMBM
CAMBIUM NETWORKS CORP
$120.07M$220.20M-$56.78M-$77.42M-$2.81-25.84%-1.85%N/AN/A2024-05-06
SYTA
SIYATA MOBILE INC
$953.46k$6.14M-$12.00M-$13.30M-$142.3331.25%N/AN/AN/A
AAOI
APPLIED OPTOELECTRONICS INC
$532.20M$217.65M-$26.18M-$56.05M-$1.75-2.32%-4.04%N/AN/A2024-05-02
KN
KNOWLES CORP
$1.44B$707.60M$96.90M$72.40M$0.80-7.47%-3.07%N/A1.30%2024-04-25
KVHI
KVH INDUSTRIES INC
$100.19M$132.38M-$1.67M-$15.42M-$0.81-4.59%-2.86%N/AN/A2024-05-02
VISL
VISLINK TECHNOLOGIES INC
$8.19M$26.79M-$10.91M-$12.28M-$5.30-15.74%-8.42%N/AN/A2024-05-13
INFN
INFINERA CORP
$1.40B$1.65B$120.12M-$4.63M-$0.0110.69%15.33%N/AN/A2024-05-01
MOB
MOBILICOM LTD
$6.31M$2.17MN/A-$4.52M-$94.0843.82%N/AN/AN/A
LTRX
LANTRONIX INC
$133.42M$137.96M$944.00k-$9.20M-$0.254.85%23.49%N/AN/A2024-05-08
ONDS
ONDAS HOLDINGS INC
$56.56M$11.21M-$56.33M-$69.59M-$1.53405.33%138.24%N/AN/A2024-05-13
FEIM
FREQUENCY ELECTRONICS INC
$103.32M$52.70M$5.86M$3.22M$0.3438.93%3.76%N/AN/A
DGII
DIGI INTERNATIONAL INC
$1.16B$441.63M$74.31M$15.94M$0.456.86%12.58%-33.82%2.38%2024-05-02
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
$3.46B$164.28M-$21.65M-$33.83M-$0.23-13.37%N/AN/AN/A2024-05-29
AIRG
AIRGAIN INC
$57.25M$56.04M-$8.67M-$12.43M-$1.20-26.16%-1.56%N/AN/A2024-05-09
LITE
LUMENTUM HOLDINGS INC
$3.19B$1.44B$31.00M-$266.50M-$3.94-21.40%1.62%N/AN/A2024-05-07
NTGR
NETGEAR INC
$467.76M$740.84M-$11.98M-$104.77M-$3.57-20.55%-6.89%N/AN/A2024-04-24
PI
IMPINJ INC
$3.49B$307.54M-$25.22M-$43.37M-$1.6219.29%20.19%N/AN/A2024-04-24
CRNT
CERAGON NETWORKS LTD
$273.34M$347.18M$31.18M$6.22M$0.0717.62%0.19%N/A-24.74%2024-04-29
MITQ
MOVING IMAGE TECHNOLOGIES INC
$4.99M$19.41M-$1.78M-$2.11M-$0.19-12.37%N/AN/AN/A
SILC
SILICOM LTD
$100.07M$124.13M-$24.81M-$26.41M-$3.94-17.57%-1.48%N/AN/A2024-04-29
BKTI
BK TECHNOLOGIES CORP
$51.47M$74.09M$34.00k-$2.23M-$0.6545.42%8.45%N/AN/A2024-05-02
AKTS
AKOUSTIS TECHNOLOGIES INC
$58.27M$29.71M-$56.66M-$69.15M-$0.9739.86%93.38%N/AN/A2024-05-06
BOXL
BOXLIGHT CORP
$6.36M$176.72M-$17.59M-$40.43M-$4.28-20.32%36.10%N/AN/A2024-05-08
MYNA
MYNARIC AG
$108.72M$4.86M-$72.36M-$81.08M-$3.7375.79%N/AN/AN/A2024-04-25
INSG
INSEEGO CORP
$33.26M$195.69M-$11.98M-$49.18M-$4.32-20.23%-0.68%N/AN/A2024-05-01
ERIC
ERICSSON LM TELEPHONE CO
$18.43B$25.77B-$1.91B-$2.59B-$0.780.06%2.18%N/AN/A2024-04-16
CAMP
CALAMP CORP
$5.35M$264.74M-$68.86M-$101.35M-$62.33-7.05%-6.67%N/AN/A2024-04-25
SATS
ECHOSTAR CORP
$3.87B$17.02B-$310.64M-$1.70B-$6.28-8.69%57.38%N/AN/A2024-05-06
DZSI
DZS INC
$41.13M$389.46M-$34.42M-$51.52M-$1.7612.49%8.88%N/AN/A2024-05-06
COMM
COMMSCOPE HOLDING COMPANY INC
$278.07M$5.79B-$80.50M-$1.51B-$7.17-23.06%4.85%N/AN/A2024-05-02
OCC
OPTICAL CABLE CORP
$22.23M$68.74M$2.04M-$168.76k-$0.02-5.73%-4.61%N/AN/A
CMTL
COMTECH TELECOMMUNICATIONS CORP
$97.67M$571.27M$11.15M-$48.35M-$1.7011.15%-2.25%N/AN/A
UMAC
UNUSUAL MACHINES INC
$15.90M$0.00-$1.79M-$1.79M-$0.54N/AN/AN/AN/A
CASA
CASA SYSTEMS INC
$27.16M$249.79M-$66.69M-$107.17M-$1.09-18.70%-6.38%N/AN/A2024-05-07
MINM
MINIM INC
$16.77M$35.27M-$19.64M-$21.01M-$11.23-30.12%0.90%N/AN/A
ASTS
AST SPACEMOBILE INC
$633.12M$0.00-$27.26M-$63.86M-$0.83-100.00%N/AN/AN/A2024-03-29
ASNS
ACTELIS NETWORKS INC
$3.11M$5.61M-$5.49M-$6.29M-$2.61-36.52%N/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
N/AN/AN/AN/AN/AN/AN/AN/AN/A

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in Mar 2024?

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

1. Cisco (NASDAQ:CSCO)


Cisco (NASDAQ:CSCO) is the top communication equipment stock with a Zen Score of 61, which is 31 points higher than the communication equipment industry average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock lose -0.95% over the past year, overperforming other communication equipment stocks by 16 percentage points.

Cisco has an average 1 year price target of $52.00, an upside of 4.19% from Cisco's current stock price of $49.91.

Cisco stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Cisco, 0% have issued a Strong Buy rating, 12.5% have issued a Buy, 87.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Harmonic (NASDAQ:HLIT)


Harmonic (NASDAQ:HLIT) 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 19 out of 33 due diligence checks and has strong fundamentals. Harmonic has seen its stock lose -4.07% over the past year, overperforming other communication equipment stocks by 13 percentage points.

Harmonic has an average 1 year price target of $16.50, an upside of 22.77% from Harmonic's current stock price of $13.44.

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.

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 25 points higher than the communication equipment industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock return 30.47% over the past year, overperforming other communication equipment stocks by 47 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 54.64%, which is 48 percentage points higher than the communication equipment industry average of 6.98%. 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.

2. Ericsson Lm Telephone Co (NASDAQ:ERIC)


Ericsson Lm Telephone Co (NASDAQ:ERIC) has an annual dividend yield of 4.66%, which is -2 percentage points lower than the communication equipment industry average of 6.98%. 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.

3. Audiocodes (NASDAQ:AUDC)


Audiocodes (NASDAQ:AUDC) has an annual dividend yield of 4.14%, which is -3 percentage points lower than the communication equipment industry average of 6.98%. 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 dividend yield might not be sustainable for the long-term.

Why are communication equipment stocks up?

Communication equipment stocks were up 0.19% in the last day, and up 0.97% over the last week.

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

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. Gilat Satellite Networks (NASDAQ:GILT)


Gilat Satellite Networks (NASDAQ:GILT) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Gilat Satellite Networks has a valuation score of 71, which is 44 points higher than the communication equipment industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Gilat Satellite Networks's stock has gained 4.83% in the past year. It has overperformed other stocks in the communication equipment industry by 22 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 44 points higher than the communication equipment industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Telesat's stock has gained 31.08% in the past year. It has overperformed other stocks in the communication equipment industry by 48 percentage points.

3. Viasat (NASDAQ:VSAT)


Viasat (NASDAQ:VSAT) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Viasat has a valuation score of 71, which is 44 points higher than the communication equipment industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Viasat's stock has dropped -40.59% in the past year. It has underperformed other stocks in the communication equipment industry by -24 percentage points.

Are communication equipment stocks a good buy now?

44.44% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 13.8% 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 17.88x.
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.