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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
AVNW
AVIAT NETWORKS INC
$361.63M$385.39M$27.02M$13.65M$1.1515.79%9.74%3.60%15.69%2024-08-21
ITRN
ITURAN LOCATION & CONTROL LTD
$494.96M$325.53M$85.93M$49.82M$2.518.34%4.29%28.72%-1.59%2024-08-13
MSI
MOTOROLA SOLUTIONS INC
$65.07B$10.20B$2.24B$1.39B$8.338.58%6.24%1.46%6.29%2024-08-01
AUDC
AUDIOCODES LTD
$336.09M$245.25M$21.02M$11.05M$0.36-8.47%6.34%-40.98%-5.59%2024-07-30
ITI
ITERIS INC
$195.11M$171.99M$9.19M$3.13M$0.0710.21%13.01%N/AN/A2024-08-06
HPE
HEWLETT PACKARD ENTERPRISE CO
$27.51B$28.31B$4.81B$1.81B$1.40-4.36%-1.42%77.22%38.98%2024-08-27
HLIT
HARMONIC INC
$1.39B$572.32M$13.45M$70.81M$0.63-9.89%7.78%90.91%N/A2024-07-29
UI
UBIQUITI INC
$9.93B$1.91B$523.58M$349.83M$5.791.03%10.80%-11.74%5.50%2024-08-23
CSCO
CISCO SYSTEMS INC
$190.89B$55.36B$17.11B$12.12B$2.990.85%1.53%6.79%0.68%2024-08-14
DGII
DIGI INTERNATIONAL INC
$859.53M$438.19M$70.00M$14.03M$0.401.97%11.39%-47.37%-2.33%2024-08-01
UTSI
UTSTARCOM HOLDINGS CORP
$25.88M$15.75M-$1.15M-$3.85M-$0.4212.11%-32.92%N/AN/A
SONM
SONIM TECHNOLOGIES INC
$25.74M$84.61M-$366.00k-$3.22M-$0.082.71%-10.08%N/AN/A2024-08-12
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$16.96M$43.33MN/A$2.09M$0.351.08%6.17%20.69%6.13%2024-08-20
NOK
NOKIA CORP
$22.40B$24.19B$2.24B$722.83M$0.13-6.68%-0.95%-83.33%N/A2024-07-18
GILT
GILAT SATELLITE NETWORKS LTD
$263.99M$283.21M$40.18M$22.89M$0.4114.48%1.64%720.00%3.22%2024-08-07
AIOT
POWERFLEET INC
$503.47M$133.74M$8.78M-$17.31M-$0.49-1.60%20.31%N/AN/A2024-08-06
TSAT
TELESAT CORP
$113.51M$491.18M$490.65M$98.29M$7.31-9.78%N/AN/AN/A2024-08-10
KN
KNOWLES CORP
$1.68B$759.70M$112.20M$80.10M$0.897.36%-1.71%N/A4.33%2024-07-31
FEIM
FREQUENCY ELECTRONICS INC
$86.71M$52.70M$5.86M$3.22M$0.3438.93%3.76%N/AN/A2024-09-12
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
$5.10B$192.97M-$8.97M-$28.37M-$0.184.76%N/AN/AN/A2024-08-22
VISL
VISLINK TECHNOLOGIES INC
$11.73M$28.89M-$7.39M-$8.32M-$3.481.52%-4.71%N/AN/A2024-08-09
KVHI
KVH INDUSTRIES INC
$89.12M$127.96M-$4.97M-$18.57M-$0.97-8.43%-3.64%N/AN/A2024-08-07
FKWL
FRANKLIN WIRELESS CORP
$42.66M$41.68M-$5.01M-$3.80M-$0.311.45%1.35%N/AN/A
BDC
BELDEN INC
$3.91B$2.41B$389.58M$216.88M$5.19-8.79%3.15%-20.28%7.12%2024-08-01
CIEN
CIENA CORP
$7.01B$4.15B$425.66M$153.63M$1.042.92%4.28%-22.96%-5.08%2024-08-29
PI
IMPINJ INC
$4.69B$298.47M$14.54M-$5.66M-$0.232.72%17.97%N/AN/A2024-07-24
LTRX
LANTRONIX INC
$140.17M$146.18M$3.34M-$6.56M-$0.1810.56%24.55%N/AN/A2024-09-05
CLFD
CLEARFIELD INC
$558.23M$182.11M$3.67M-$3.27M-$0.26-43.80%16.98%N/AN/A2024-08-01
ONDS
ONDAS HOLDINGS INC
$56.80M$13.72M-$31.20M-$42.75M-$0.76218.22%135.17%N/AN/A2024-08-12
MOB
MOBILICOM LTD
$5.68M$2.19MN/A-$4.55M-$94.7043.82%N/AN/AN/A
ASTS
AST SPACEMOBILE INC
$3.35B$500.00k-$17.19M-$90.97M-$1.00-95.63%N/AN/AN/A2024-08-12
CMBM
CAMBIUM NETWORKS CORP
$56.07M$185.13M-$83.14M-$108.14M-$3.92-40.74%-5.94%N/AN/A2024-08-08
ADTN
ADTRAN HOLDINGS INC
$457.29M$1.05B-$411.67M-$552.16M-$7.02-12.01%13.74%N/AN/A2024-08-05
AIRG
AIRGAIN INC
$70.38M$53.83M-$8.50M-$12.03M-$1.15-28.06%-2.92%N/AN/A2024-08-08
AMPG
AMPLITECH GROUP INC
$10.69M$13.77M-$5.44M-$6.54M-$0.68-25.22%39.06%N/AN/A2024-08-12
SYTA
SIYATA MOBILE INC
$434.69k$6.41M-$5.48M-$7.92M-$6.2919.68%N/AN/AN/A2024-08-02
JNPR
JUNIPER NETWORKS INC
$12.07B$5.34B$395.40M$224.00M$0.71-2.96%3.18%-54.19%-15.21%2024-07-25
CRNT
CERAGON NETWORKS LTD
$224.65M$352.27M$31.06M$4.66M$0.0514.28%1.33%N/A-28.63%2024-07-30
AAOI
APPLIED OPTOELECTRONICS INC
$364.96M$205.29M-$33.86M-$62.93M-$1.80-8.19%-4.24%N/AN/A2024-08-01
MITQ
MOVING IMAGE TECHNOLOGIES INC
$6.67M$19.56M-$1.90M-$2.28M-$0.21-2.48%N/AN/AN/A
BOXL
BOXLIGHT CORP
$6.36M$172.62M-$20.97M-$44.59M-$4.67-18.71%36.19%N/AN/A2024-08-07
BKTI
BK TECHNOLOGIES CORP
$47.23M$73.60M$2.07M-$279.00k-$0.0816.67%10.21%N/AN/A2024-08-08
VIAV
VIAVI SOLUTIONS INC
$1.69B$1.01B$97.90M-$4.20M-$0.02-14.08%-1.68%N/AN/A2024-08-08
NTGR
NETGEAR INC
$436.07M$724.52M-$20.73M-$113.71M-$3.84-19.75%-7.38%N/AN/A2024-07-24
LITE
LUMENTUM HOLDINGS INC
$4.00B$1.42B-$16.00M-$354.20M-$5.25-21.81%-0.55%N/AN/A2024-08-15
ERIC
ERICSSON LM TELEPHONE CO
$22.34B$25.77B-$1.91B-$2.59B-$0.780.06%2.18%N/AN/A
AKTS
AKOUSTIS TECHNOLOGIES INC
$13.12M$29.86M-$61.66M-$76.91M-$1.0024.47%95.30%N/AN/A2024-09-04
SILC
SILICOM LTD
$99.13M$101.32MN/A-$33.38M-$5.02-34.93%-5.50%N/AN/A2024-07-29
VSAT
VIASAT INC
$2.01B$4.28B$349.54M-$1.07B-$9.1267.59%15.68%N/AN/A2024-08-07
ZBRA
ZEBRA TECHNOLOGIES CORP
$16.72B$4.35B$579.00M$261.00M$5.07-24.33%0.22%-35.82%-8.63%2024-07-30
CLRO
CLEARONE INC
$16.54M$18.15M$281.00k-$1.63M-$0.07-16.90%-7.76%N/AN/A2024-08-08
EXTR
EXTREME NETWORKS INC
$1.79B$1.22B$65.16M-$6.33M-$0.06-0.19%3.69%N/AN/A2024-08-07
DZSI
DZS INC
$39.88M$389.46M-$34.42M-$51.52M-$1.7612.49%8.88%N/AN/A
INFN
INFINERA CORP
$1.42B$1.53B$37.79M-$78.20M-$0.34-5.99%8.15%N/AN/A2024-08-07
SYNX
SILYNXCOM LTD
$16.29M$7.63M-$2.58M-$2.82M-$0.895.08%N/AN/AN/A
MYNA
MYNARIC AG
$98.06M$5.80M-$71.42M-$100.57M-$4.1627.31%N/AN/AN/A2024-09-10
INSG
INSEEGO CORP
$145.57M$189.90M-$12.47M-$48.59M-$4.16-19.10%-1.45%N/AN/A2024-07-31
CMTL
COMTECH TELECOMMUNICATIONS CORP
$94.88M$563.03M$19.85M-$40.17M-$1.416.60%-3.21%N/AN/A
SATS
ECHOSTAR CORP
$5.32B$20.59B$8.23M-$1.84B-$7.03-8.57%61.22%N/AN/A2024-08-06
OCC
OPTICAL CABLE CORP
$20.92M$65.24M-$2.08M-$4.19M-$0.54-13.41%-3.78%N/AN/A2024-09-10
KSCP
KNIGHTSCOPE INC
$28.68M$12.15M-$24.72M-$27.27M-$0.3560.24%N/AN/AN/A
MINM
MINIM INC
$9.10M$15.99M-$15.94M-$16.82M-$8.09-66.73%-12.95%N/AN/A
COMM
COMMSCOPE HOLDING COMPANY INC
$324.78M$4.96B-$384.30M-$1.88B-$8.85-28.80%1.74%N/AN/A2024-08-01
ASNS
ACTELIS NETWORKS INC
$6.24M$4.48M-$5.56M-$6.38M-$2.18-49.11%N/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
$59.20M$11.33MN/A-$8.59MN/A2.34%N/AN/AN/A

Communication Equipment Stocks FAQ

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

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 59, which is 33 points higher than the communication equipment industry average of 26. It passed 21 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock return 5.87% over the past year, overperforming other communication equipment stocks by 4 percentage points.

2. Aviat Networks (NASDAQ:AVNW)


Aviat Networks (NASDAQ:AVNW) is the second best communication equipment stock with a Zen Score of 59, which is 33 points higher than the communication equipment industry average of 26. It passed 19 out of 33 due diligence checks and has strong fundamentals. Aviat Networks has seen its stock lose -10.45% over the past year, underperforming other communication equipment stocks by -12 percentage points.

Aviat Networks has an average 1 year price target of $52.00, an upside of 80.68% from Aviat Networks's current stock price of $28.78.

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

3. Motorola Solutions (NYSE:MSI)


Motorola Solutions (NYSE:MSI) is the third best communication equipment stock with a Zen Score of 51, which is 25 points higher than the communication equipment industry average of 26. It passed 20 out of 38 due diligence checks and has strong fundamentals. Motorola Solutions has seen its stock return 32.32% over the past year, overperforming other communication equipment stocks by 31 percentage points.

Motorola Solutions has an average 1 year price target of $392.40, an upside of 0.57% from Motorola Solutions's current stock price of $390.16.

Motorola Solutions stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Motorola Solutions, 80% have issued a Strong Buy rating, 20% 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 10 communication equipment stocks that have issued dividends in the past year, the 3 communication equipment stocks with the highest dividend yields are:

1. Audiocodes (NASDAQ:AUDC)


Audiocodes (NASDAQ:AUDC) has an annual dividend yield of 4.87%, which is 2 percentage points higher than the communication equipment industry average of 2.39%. 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 100% indicates that its high dividend yield might not be sustainable for the long-term.

2. Ituran Location & Control (NASDAQ:ITRN)


Ituran Location & Control (NASDAQ:ITRN) has an annual dividend yield of 4.7%, which is 2 percentage points higher than the communication equipment industry average of 2.39%. Ituran Location & Control's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Ituran Location & Control's dividend has shown consistent growth over the last 10 years.

Ituran Location & Control's dividend payout ratio of 37.1% indicates that its high dividend yield is sustainable for the long-term.

3. Ericsson Lm Telephone Co (NASDAQ:ERIC)


Ericsson Lm Telephone Co (NASDAQ:ERIC) has an annual dividend yield of 3.8%, which is 1 percentage points higher than the communication equipment industry average of 2.39%. Ericsson Lm Telephone Co's dividend payout is not stable, having dropped more than 10% four 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 dividend yield might not be sustainable for the long-term.

Why are communication equipment stocks up?

Communication equipment stocks were up 0.82% in the last day, and up 4.4% over the last week. Ondas Holdings was the among the top gainers in the communication equipment industry, gaining 17.24% yesterday.

Shares of companies within the broader technology sector are trading higher amid overall market strength as investors assess this week's inflation data.

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. Telesat (NASDAQ:TSAT)


Telesat (NASDAQ:TSAT) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Telesat has a valuation score of 71, which is 51 points higher than the communication equipment industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Telesat's stock has dropped -15.84% in the past year. It has underperformed other stocks in the communication equipment industry by -17 percentage points.

2. Audiocodes (NASDAQ:AUDC)


Audiocodes (NASDAQ:AUDC) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Audiocodes has a valuation score of 71, which is 51 points higher than the communication equipment industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Audiocodes's stock has gained 7.68% in the past year. It has overperformed other stocks in the communication equipment industry by 6 percentage points.

3. Gilat Satellite Networks (NASDAQ:GILT)


Gilat Satellite Networks (NASDAQ:GILT) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Gilat Satellite Networks has a valuation score of 57, which is 37 points higher than the communication equipment industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Gilat Satellite Networks's stock has dropped -28.77% in the past year. It has underperformed other stocks in the communication equipment industry by -30 percentage points.

Are communication equipment stocks a good buy now?

39.02% of communication equipment stocks rated by analysts are a buy right now. On average, analysts expect communication equipment stocks to rise by 7.55% 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 9.39x.
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.