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Best Communication Equipment Stocks to Buy Now (2023)
Top communication equipment stocks in 2023 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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
CLFD
CLEARFIELD INC
$955.68MN/A0.00%N/AN/AN/AN/A
ERIC
ERICSSON LM TELEPHONE CO
$17.88B4.30%32.70%$0.1156$0.2575%5
CSCO
CISCO SYSTEMS INC
$199.28B3.13%54.50%$0.3800$1.5259%0
ITRN
ITURAN LOCATION & CONTROL LTD
$441.53M2.58%30.90%$0.1400$0.5649%7
WTT
WIRELESS TELECOM GROUP INC
$42.04MN/A0.00%N/AN/AN/AN/A
HLIT
HARMONIC INC
$1.56BN/A0.00%N/AN/AN/AN/A
JNPR
JUNIPER NETWORKS INC
$10.39B2.62%63.40%$0.2100$0.8450%0
HPE
HEWLETT PACKARD ENTERPRISE CO
$20.69B2.97%71.60%$0.1200$0.4856%0
KVHI
KVH INDUSTRIES INC
$196.04MN/A0.00%N/AN/AN/AN/A
VIAV
VIAVI SOLUTIONS INC
$2.54BN/A0.00%N/AN/AN/AN/A
AMPG
AMPLITECH GROUP INC
$22.64MN/A0.00%N/AN/AN/AN/A
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
$2.54BN/A0.00%N/AN/AN/AN/A
DGII
DIGI INTERNATIONAL INC
$1.19BN/A0.00%N/AN/AN/AN/A
LITE
LUMENTUM HOLDINGS INC
$4.11BN/A0.00%N/AN/AN/AN/A
AUDC
AUDIOCODES LTD
$602.78M1.90%40.90%$0.1800$0.3636%1
ZBRA
ZEBRA TECHNOLOGIES CORP
$16.37BN/A0.00%N/AN/AN/AN/A
AVNW
AVIAT NETWORKS INC
$352.51MN/A0.00%N/AN/AN/AN/A
CIEN
CIENA CORP
$7.57BN/A0.00%N/AN/AN/AN/A
CMBM
CAMBIUM NETWORKS CORP
$564.77MN/A0.00%N/AN/AN/AN/A
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$12.60MN/A0.00%N/AN/AN/AN/A
NOK
NOKIA CORP
$26.74B1.29%0.00%$0.0196$0.0622%42023-01-302023-02-14
AIRG
AIRGAIN INC
$77.39MN/A0.00%N/AN/AN/AN/A
AKTS
AKOUSTIS TECHNOLOGIES INC
$204.02MN/A0.00%N/AN/AN/AN/A
EXTR
EXTREME NETWORKS INC
$2.26BN/A0.00%N/AN/AN/AN/A
MSI
MOTOROLA SOLUTIONS INC
$42.54B1.28%45.10%$0.8800$3.2522%0
ONDS
ONDAS HOLDINGS INC
$87.91MN/A0.00%N/AN/AN/AN/A
MAXR
MAXAR TECHNOLOGIES INC
$3.83B0.06%8.90%$0.0100$0.030%2
PCTI
PC TEL INC
$87.67M3.53%366.70%$0.0550$0.1764%0
VISL
VISLINK TECHNOLOGIES INC
$28.45MN/A0.00%N/AN/AN/AN/A
NTIP
NETWORK-1 TECHNOLOGIES INC
$53.04M4.50%-166.70%$0.0500$0.1076%0
FKWL
FRANKLIN WIRELESS CORP
$60.17MN/A0.00%N/AN/AN/AN/A
BOXL
BOXLIGHT CORP
$28.09MN/A0.00%N/AN/AN/AN/A
INFN
INFINERA CORP
$1.64BN/A0.00%N/AN/AN/AN/A
UI
UBIQUITI INC
$17.69B1.03%43.20%$0.6000$3.0016%0
ALLT
ALLOT LTD
$140.31MN/A0.00%N/AN/AN/AN/A
MITQ
MOVING IMAGE TECHNOLOGIES INC
$13.26MN/A0.00%N/AN/AN/AN/A
UTSI
UTSTARCOM HOLDINGS CORP
$44.24MN/A0.00%N/AN/AN/AN/A
PI
IMPINJ INC
$3.33BN/A0.00%N/AN/AN/AN/A
DZSI
DZS INC
$346.34MN/A0.00%N/AN/AN/AN/A
PWFL
POWERFLEET INC
$102.00MN/A0.00%N/AN/AN/AN/A
LTRX
LANTRONIX INC
$170.33MN/A0.00%N/AN/AN/AN/A
NTGR
NETGEAR INC
$570.76MN/A0.00%N/AN/AN/AN/A
CRNT
CERAGON NETWORKS LTD
$176.44MN/A0.00%N/AN/AN/AN/A
SATS
ECHOSTAR CORP
$1.55BN/A0.00%N/AN/AN/AN/A
SILC
SILICOM LTD
$325.61MN/A0.00%$1.0000N/AN/A0
CLRO
CLEARONE INC
$42.16MN/A0.00%$0.0700N/AN/A1
SYTA
SIYATA MOBILE INC
$2.85MN/A0.00%N/AN/AN/AN/A
PEGY
PINEAPPLE ENERGY INC
$21.09MN/A0.00%$0.0200N/AN/A2
GILT
GILAT SATELLITE NETWORKS LTD
$316.44MN/A0.00%$0.6300N/AN/A1
KN
KNOWLES CORP
$1.74BN/A0.00%N/AN/AN/AN/A
ADTN
ADTRAN HOLDINGS INC
$1.45B1.45%-56.20%$0.0900$0.2726%0
SONM
SONIM TECHNOLOGIES INC
$20.17MN/A0.00%N/AN/AN/AN/A
MINM
MINIM INC
$10.15MN/A0.00%N/AN/AN/AN/A
ITI
ITERIS INC
$147.10MN/A0.00%N/AN/AN/AN/A
COMM
COMMSCOPE HOLDING COMPANY INC
$1.68BN/A0.00%N/AN/AN/AN/A
MYNA
MYNARIC AG
$91.23MN/A0.00%N/AN/AN/AN/A
CMTL
COMTECH TELECOMMUNICATIONS CORP
$412.74M2.69%-24.00%$0.1000$0.4051%12023-02-17
VSAT
VIASAT INC
$2.59BN/A0.00%N/AN/AN/AN/A
TESS
TESSCO TECHNOLOGIES INC
$44.09MN/A0.00%$0.0200N/AN/A1
FEIM
FREQUENCY ELECTRONICS INC
$57.18M0.00%0.00%N/A$0.00N/AN/A
CASA
CASA SYSTEMS INC
$302.79MN/A0.00%N/AN/AN/AN/A
OCC
OPTICAL CABLE CORP
$31.73MN/A0.00%$0.0200N/AN/A0
TSAT
TELESAT CORP
$119.28MN/AN/AN/AN/AN/AN/A
CAMP
CALAMP CORP
$167.47MN/A0.00%N/AN/AN/AN/A
ASNS
ACTELIS NETWORKS INC
$11.26MN/AN/AN/AN/AN/AN/A
BKTI
BK TECHNOLOGIES CORP
$61.31M1.66%-18.80%$0.0300$0.0631%1
INSG
INSEEGO CORP
$126.18MN/A0.00%N/AN/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
$137.71MN/A0.00%N/AN/AN/AN/A
WLDS
WEARABLE DEVICES LTD
$9.84MN/AN/AN/AN/AN/AN/A

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in Jan 2023?

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

1. Clearfield (NASDAQ:CLFD)


Clearfield (NASDAQ:CLFD) is the top communication equipment stock with a Zen Score of 60, which is 30 points higher than the communication equipment industry average of 30. It passed 20 out of 33 due diligence checks and has strong fundamentals. Clearfield has seen its stock return 42.16% over the past year, overperforming other communication equipment stocks by 48 percentage points.

Clearfield has an average 1 year price target of $129.00, an upside of 86.52% from Clearfield's current stock price of $69.16.

Clearfield stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Clearfield, 25% have issued a Strong Buy rating, 75% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Ericsson Lm Telephone Co (NASDAQ:ERIC)


Ericsson Lm Telephone Co (NASDAQ:ERIC) is the second best communication equipment stock with a Zen Score of 53, which is 23 points higher than the communication equipment industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Ericsson Lm Telephone Co has seen its stock lose -51.86% over the past year, underperforming other communication equipment stocks by -46 percentage points.

Ericsson Lm Telephone Co has an average 1 year price target of $9.25, an upside of 58.93% from Ericsson Lm Telephone Co's current stock price of $5.82.

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

3. Cisco (NASDAQ:CSCO)


Cisco (NASDAQ:CSCO) is the third 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 -11.19% over the past year, underperforming other communication equipment stocks by -5 percentage points.

Cisco has an average 1 year price target of $52.00, an upside of 7.19% from Cisco's current stock price of $48.51.

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.

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. Network 1 Technologies (NYSEMKT:NTIP)


Network 1 Technologies (NYSEMKT:NTIP) has an annual dividend yield of 4.5%, which is 2 percentage points higher than the communication equipment industry average of 2.19%. 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. Ericsson Lm Telephone Co (NASDAQ:ERIC)


Ericsson Lm Telephone Co (NASDAQ:ERIC) has an annual dividend yield of 4.3%, which is 2 percentage points higher than the communication equipment industry average of 2.19%. 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 32.7% indicates that its high dividend yield is sustainable for the long-term.

3. Tel (NASDAQ:PCTI)


Tel (NASDAQ:PCTI) has an annual dividend yield of 3.53%, which is 1 percentage points higher than the communication equipment industry average of 2.19%. 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 366.7% indicates that its dividend yield might not be sustainable for the long-term.

Why are communication equipment stocks up?

Communication equipment stocks were up 0.33% in the last day, and up 1.31% 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. 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 -51.86% in the past year. It has underperformed other stocks in the communication equipment industry by -46 percentage points.

2. Nokia (NYSE:NOK)


Nokia (NYSE:NOK) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Nokia 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.

Nokia's stock has dropped -15.38% in the past year. It has underperformed other stocks in the communication equipment industry by -9 percentage points.

3. Clearfield (NASDAQ:CLFD)


Clearfield (NASDAQ:CLFD) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Clearfield 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.

Clearfield's stock has gained 42.16% in the past year. It has overperformed other stocks in the communication equipment industry by 48 percentage points.

Are communication equipment stocks a good buy now?

47.27% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 23.91% 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 18.53x.
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.