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 64, which is 31 points higher than the communication equipment industry average of 33. It passed 22 out of 33 due diligence checks and has strong fundamentals. Clearfield has seen its stock return 192.72% over the past year, overperforming other communication equipment stocks by 202 percentage points.

Clearfield has an average 1 year price target of $73.50, a downside of -38.23% from Clearfield's current stock price of $118.99.

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.

Cisco Systems (NASDAQ:CSCO) is the second best communication equipment stock with a Zen Score of 58, which is 25 points higher than the communication equipment industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Cisco Systems has seen its stock lose -16.9% over the past year, underperforming other communication equipment stocks by -8 percentage points.

Cisco Systems has an average 1 year price target of $53.12, an upside of 13.57% from Cisco Systems's current stock price of $46.77.

Cisco Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Cisco Systems, 17.65% have issued a Strong Buy rating, 29.41% have issued a Buy, 47.06% have issued a hold, while 0% have issued a Sell rating, and 5.88% have issued a Strong Sell.

Ituran Location & Control (NASDAQ:ITRN) is the third best communication equipment stock with a Zen Score of 52, which is 19 points higher than the communication equipment industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock return 10.09% over the past year, overperforming other communication equipment stocks by 19 percentage points.

Ituran Location & Control has an average 1 year price target of $25.00, a downside of -7.24% from Ituran Location & Control's current stock price of $26.95.

Ituran Location & Control stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Ituran Location & Control, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% 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:

Bk Technologies (NYSEMKT:BKTI) has an annual dividend yield of 4.58%, which is 2 percentage points higher than the communication equipment industry average of 2.32%. 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 -16.9% indicates that its high dividend yield might not be sustainable for the long-term.

Network 1 Technologies (NYSEMKT:NTIP) has an annual dividend yield of 4.42%, which is 2 percentage points higher than the communication equipment industry average of 2.32%. 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 76.9% indicates that its high dividend yield is sustainable for the long-term.

Tel (NASDAQ:PCTI) has an annual dividend yield of 4.39%, which is 2 percentage points higher than the communication equipment industry average of 2.32%. 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 -2,200% indicates that its high dividend yield might not be sustainable for the long-term.

Communication equipment stocks were down -0.75% in the last day, and up 4.55% over the last week. Allot was the among the top losers in the communication equipment industry, dropping -12.73% yesterday.

Allot shares are trading lower after the company reported Q2 EPS results were down year over year.

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 dropped -5.07% in the past year. It has overperformed other stocks in the communication equipment industry by 4 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 -33.51% in the past year. It has underperformed other stocks in the communication equipment industry by -24 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 -10.19% in the past year. It has underperformed other stocks in the communication equipment industry by -1 percentage points.