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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
HLIT
HARMONIC INC
$1.51BN/A0.00%N/AN/AN/AN/A
CSCO
CISCO SYSTEMS INC
$201.53B3.13%47.10%$0.3900$1.5657%02024-04-032024-04-24
ITRN
ITURAN LOCATION & CONTROL LTD
$567.43M3.27%28.30%$0.3900$0.9359%62024-04-03
CLRO
CLEARONE INC
$46.48M51.55%113.60%$1.0000$1.00100%12024-04-112024-04-10
HPE
HEWLETT PACKARD ENTERPRISE CO
$22.97B2.83%33.10%$0.1300$0.5053%02024-04-12
CIEN
CIENA CORP
$7.30BN/A0.00%N/AN/AN/AN/A
VSAT
VIASAT INC
$2.27BN/A0.00%N/AN/AN/AN/A
AUDC
AUDIOCODES LTD
$397.20M4.15%128.60%$0.1800$0.5471%1
JNPR
JUNIPER NETWORKS INC
$12.00B2.36%90.70%$0.2200$0.8846%0
MSI
MOTOROLA SOLUTIONS INC
$58.71B1.05%35.40%$0.9800$3.7220%02024-04-15
EXTR
EXTREME NETWORKS INC
$1.49BN/A0.00%N/AN/AN/AN/A
UI
UBIQUITI INC
$7.01B2.07%39.00%$0.6000$2.4042%0
AVNW
AVIAT NETWORKS INC
$480.44MN/A0.00%N/AN/AN/AN/A
CLFD
CLEARFIELD INC
$439.44MN/A0.00%N/AN/AN/AN/A
ITI
ITERIS INC
$214.11MN/A0.00%N/AN/AN/AN/A
ZBRA
ZEBRA TECHNOLOGIES CORP
$15.37BN/A0.00%N/AN/AN/AN/A
NOK
NOKIA CORP
$20.21B3.64%100.40%$0.0326$0.1365%4
SONM
SONIM TECHNOLOGIES INC
$29.16MN/AN/AN/AN/AN/AN/A
BDC
BELDEN INC
$3.83B0.21%3.50%$0.0500$0.202%12024-04-09
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$15.81MN/A0.00%N/AN/AN/AN/A
UTSI
UTSTARCOM HOLDINGS CORP
$23.61MN/A0.00%N/AN/AN/AN/A
FKWL
FRANKLIN WIRELESS CORP
$33.35MN/A0.00%N/AN/AN/AN/A
GILT
GILAT SATELLITE NETWORKS LTD
$301.33MN/A0.00%$0.6300N/AN/A1
AMPG
AMPLITECH GROUP INC
$19.37MN/A0.00%N/AN/AN/AN/A
PWFL
POWERFLEET INC
$183.83MN/A0.00%N/AN/AN/AN/A
CMBM
CAMBIUM NETWORKS CORP
$122.86MN/A0.00%N/AN/AN/AN/A
ADTN
ADTRAN HOLDINGS INC
$418.68M1.69%-13.60%$0.0900$0.0935%0
SYTA
SIYATA MOBILE INC
$818.39kN/A0.00%N/AN/AN/AN/A
FEIM
FREQUENCY ELECTRONICS INC
$100.28MN/A0.00%N/AN/AN/AN/A
AAOI
APPLIED OPTOELECTRONICS INC
$536.04MN/A0.00%N/AN/AN/AN/A
INFN
INFINERA CORP
$1.28BN/A0.00%N/AN/AN/AN/A
KN
KNOWLES CORP
$1.41BN/A0.00%N/AN/AN/AN/A
KVHI
KVH INDUSTRIES INC
$100.19MN/A0.00%N/AN/AN/AN/A
VIAV
VIAVI SOLUTIONS INC
$2.13BN/A0.00%N/AN/AN/AN/A
MOB
MOBILICOM LTD
$6.37MN/A0.00%N/AN/AN/AN/A
VISL
VISLINK TECHNOLOGIES INC
$7.80MN/A0.00%N/AN/AN/AN/A
LTRX
LANTRONIX INC
$133.79MN/A0.00%N/AN/AN/AN/A
ONDS
ONDAS HOLDINGS INC
$56.56MN/A0.00%N/AN/AN/AN/A
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
$3.46BN/A0.00%N/AN/AN/AN/A
DGII
DIGI INTERNATIONAL INC
$1.15BN/A0.00%N/AN/AN/AN/A
LITE
LUMENTUM HOLDINGS INC
$3.27BN/A0.00%N/AN/AN/AN/A
AIRG
AIRGAIN INC
$56.83MN/A0.00%N/AN/AN/AN/A
NTGR
NETGEAR INC
$469.54MN/A0.00%N/AN/AN/AN/A
PI
IMPINJ INC
$3.47BN/A0.00%N/AN/AN/AN/A
SILC
SILICOM LTD
$104.38MN/A0.00%$1.0000N/AN/A0
MITQ
MOVING IMAGE TECHNOLOGIES INC
$5.13MN/A0.00%N/AN/AN/AN/A
CRNT
CERAGON NETWORKS LTD
$275.05MN/A0.00%N/AN/AN/AN/A
BKTI
BK TECHNOLOGIES CORP
$51.18MN/A0.00%$0.1500N/AN/A1
TSAT
TELESAT CORP
$126.39MN/A0.00%N/AN/AN/AN/A
AKTS
AKOUSTIS TECHNOLOGIES INC
$57.49MN/A0.00%N/AN/AN/AN/A
ERIC
ERICSSON LM TELEPHONE CO
$18.43B4.66%-33.10%$0.1247$0.2675%52024-04-04
MYNA
MYNARIC AG
$103.16MN/A0.00%N/AN/AN/AN/A
BOXL
BOXLIGHT CORP
$6.91MN/A0.00%N/AN/AN/AN/A
INSG
INSEEGO CORP
$33.97MN/A0.00%N/AN/AN/AN/A
SATS
ECHOSTAR CORP
$3.80BN/A0.00%N/AN/AN/AN/A
OCC
OPTICAL CABLE CORP
$22.58MN/A0.00%$0.0200N/AN/A0
DZSI
DZS INC
$40.20MN/A0.00%N/AN/AN/AN/A
COMM
COMMSCOPE HOLDING COMPANY INC
$269.58MN/A0.00%N/AN/AN/AN/A
CMTL
COMTECH TELECOMMUNICATIONS CORP
$99.94MN/A0.00%$0.1000N/AN/A1
CAMP
CALAMP CORP
$5.52MN/A0.00%N/AN/AN/AN/A
CASA
CASA SYSTEMS INC
$29.73MN/A0.00%N/AN/AN/AN/A
UMAC
UNUSUAL MACHINES INC
$21.35MN/A0.00%N/AN/AN/AN/A
ASTS
AST SPACEMOBILE INC
$624.38MN/A0.00%N/AN/AN/AN/A
MINM
MINIM INC
$15.88MN/A0.00%N/AN/AN/AN/A
ASNS
ACTELIS NETWORKS INC
$3.11MN/A0.00%N/AN/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
N/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. Harmonic (NASDAQ:HLIT)


Harmonic (NASDAQ:HLIT) is the top communication equipment stock with a Zen Score of 62, which is 33 points higher than the communication equipment industry average of 29. It passed 20 out of 33 due diligence checks and has strong fundamentals. Harmonic has seen its stock lose -3.98% 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 22.04% from Harmonic's current stock price of $13.52.

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 61, which is 32 points higher than the communication equipment industry average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock lose -1.52% 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 4.48% from Cisco's current stock price of $49.77.

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.

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 26 points higher than the communication equipment industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock return 29.58% 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 51.55%, which is 45 percentage points higher than the communication equipment industry average of 6.72%. 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 6.72%. 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 4.15%, which is -3 percentage points lower than the communication equipment industry average of 6.72%. 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 1.87% in the last day, and up 2.5% 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 45 points higher than the communication equipment industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Gilat Satellite Networks's stock has dropped -1.21% in the past year. It has overperformed other stocks in the communication equipment industry by 16 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 45 points higher than the communication equipment industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Viasat's stock has dropped -43.02% in the past year. It has underperformed other stocks in the communication equipment industry by -26 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 45 points higher than the communication equipment industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Clearone's stock has gained 43.7% in the past year. It has overperformed other stocks in the communication equipment industry by 61 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 14.02% 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 18.47x.
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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.