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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CLFD
CLEARFIELD INC
United States
$880.24M13,818,45260.02%38.56%Net SellingNet Selling
ERIC
ERICSSON LM TELEPHONE CO
Sweden
$17.60B3,072,395,7528.60%0.00%
VIAV
VIAVI SOLUTIONS INC
United States
$2.54B224,777,50291.51%2.09%Net SellingNet Selling
ITRN
ITURAN LOCATION & CONTROL LTD
Israel
$456.79M20,347,00062.85%0.00%
WTT
WIRELESS TELECOM GROUP INC
United States
$40.74M21,556,75117.27%82.73%
HLIT
HARMONIC INC
United States
$1.51B105,436,41395.66%4.34%Net SellingNet Selling
DGII
DIGI INTERNATIONAL INC
United States
$1.28B35,743,64792.83%6.69%Net SellingNet Selling
LITE
LUMENTUM HOLDINGS INC
United States
$4.15B68,200,00091.60%8.40%Net SellingNet Selling
CSCO
CISCO SYSTEMS INC
United States
$195.42B4,108,103,06371.16%1.80%Net SellingNet Selling
JNPR
JUNIPER NETWORKS INC
United States
$10.00B324,555,52389.22%3.94%Net SellingNet Selling
HPE
HEWLETT PACKARD ENTERPRISE CO
United States
$20.65B1,281,816,85181.67%0.47%Net BuyingNet Buying
ZBRA
ZEBRA TECHNOLOGIES CORP
United States
$16.76B51,629,79885.18%11.19%Net SellingNet Selling
KVHI
KVH INDUSTRIES INC
United States
$189.13M19,181,95659.05%40.95%Net BuyingNet Selling
AMPG
AMPLITECH GROUP INC
United States
$26.49M9,632,1136.45%30.03%Net Buying
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
Cayman Islands
$2.70B146,761,68740.46%41.15%Net SellingNet Selling
CIEN
CIENA CORP
United States
$7.35B148,415,00996.09%3.19%Net SellingNet Selling
NOK
NOKIA CORP
Finland
$26.40B5,653,886,1597.59%0.00%
CMBM
CAMBIUM NETWORKS CORP
Cayman Islands
$578.83M27,035,37190.04%5.45%Net SellingNet Selling
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
Israel
$13.13M5,701,51814.23%0.00%
AVNW
AVIAT NETWORKS INC
United States
$416.61M11,395,26165.83%34.17%Net SellingNet Selling
AKTS
AKOUSTIS TECHNOLOGIES INC
United States
$256.89M57,469,50748.83%10.67%Net BuyingNet Buying
EXTR
EXTREME NETWORKS INC
United States
$2.43B129,182,42882.52%17.48%Net SellingNet Selling
AIRG
AIRGAIN INC
United States
$84.34M10,223,53654.58%29.35%Net SellingNet Selling
AUDC
AUDIOCODES LTD
Israel
$628.23M31,809,00044.17%0.00%
MSI
MOTOROLA SOLUTIONS INC
United States
$43.18B167,203,20969.37%30.63%Net SellingNet Selling
ONDS
ONDAS HOLDINGS INC
United States
$96.06M42,885,04623.59%42.30%Net SellingNet Selling
PCTI
PC TEL INC
United States
$87.30M18,773,99451.51%17.48%Net BuyingNet Selling
NTIP
NETWORK-1 TECHNOLOGIES INC
United States
$54.24M23,892,77211.64%88.36%Net BuyingNet Selling
VISL
VISLINK TECHNOLOGIES INC
United States
$32.58M47,419,3178.86%50.62%Net BuyingNet Buying
UI
UBIQUITI INC
United States
$17.29B60,441,5021.50%98.50%Net Selling
FKWL
FRANKLIN WIRELESS CORP
United States
$58.42M11,684,2800.44%99.56%Net BuyingNet Buying
BOXL
BOXLIGHT CORP
United States
$32.47M74,124,21216.36%16.31%Net SellingNet Selling
INFN
INFINERA CORP
United States
$1.65B219,743,83185.28%14.72%Net SellingNet Selling
MAXR
MAXAR TECHNOLOGIES INC
United States
$3.85B74,561,56277.25%3.58%Net SellingNet Selling
PI
IMPINJ INC
United States
$3.20B25,914,99850.57%49.43%Net SellingNet Selling
MITQ
MOVING IMAGE TECHNOLOGIES INC
United States
$13.15M10,958,3983.26%67.10%Net Buying
ALLT
ALLOT LTD
Israel
$133.68M36,827,19770.44%4.62%
SILC
SILICOM LTD
Israel
$267.51M6,709,52854.08%9.62%
UTSI
UTSTARCOM HOLDINGS CORP
Hong Kong
$38.01M9,028,4850.77%99.23%
NTGR
NETGEAR INC
United States
$563.82M28,899,10585.20%6.69%Net SellingNet Selling
DZSI
DZS INC
United States
$360.04M27,953,05035.93%33.03%Net SellingNet Selling
PWFL
POWERFLEET INC
United States
$97.66M36,170,93753.56%46.44%Net BuyingNet Buying
GILT
GILAT SATELLITE NETWORKS LTD
United States
$320.41M56,608,98130.37%0.00%
LTRX
LANTRONIX INC
United States
$183.37M36,239,8648.01%91.99%Net SellingNet Selling
SATS
ECHOSTAR CORP
United States
$1.53B83,130,88738.58%3.79%Net Buying
CRNT
CERAGON NETWORKS LTD
Israel
$184.84M84,019,18815.10%0.00%
CLRO
CLEARONE INC
United States
$41.68M23,952,5553.59%66.14%Net BuyingNet Buying
SYTA
SIYATA MOBILE INC
Canada
$2.89M17,071,0284.54%0.00%
PEGY
PINEAPPLE ENERGY INC
United States
$20.15M9,415,58611.20%64.80%Net SellingNet Selling
ADTN
ADTRAN HOLDINGS INC
United States
$1.36B77,655,93974.39%25.61%Net SellingNet Selling
KN
KNOWLES CORP
United States
$1.74B90,946,44797.53%2.47%Net SellingNet Selling
MINM
MINIM INC
United States
$12.53M46,578,7304.11%95.89%
SONM
SONIM TECHNOLOGIES INC
United States
$20.99M40,837,2031.13%98.87%Net Buying
ITI
ITERIS INC
United States
$195.91M42,774,26338.45%61.55%Net Buying
MYNA
MYNARIC AG
Germany
$94.16M5,242,94817.88%0.00%
COMM
COMMSCOPE HOLDING COMPANY INC
United States
$1.71B208,349,53690.82%3.61%Net BuyingNet Selling
VSAT
VIASAT INC
United States
$2.68B75,586,95454.28%45.72%Net SellingNet Selling
FEIM
FREQUENCY ELECTRONICS INC
United States
$57.46M9,343,71750.61%49.39%Net BuyingNet Buying
TESS
TESSCO TECHNOLOGIES INC
United States
$43.91M9,205,50810.42%89.58%
CMTL
COMTECH TELECOMMUNICATIONS CORP
United States
$458.85M27,775,30972.67%5.86%Net SellingNet Buying
CASA
CASA SYSTEMS INC
United States
$351.99M94,621,23626.57%73.43%Net SellingNet Selling
OCC
OPTICAL CABLE CORP
United States
$31.97M7,893,19413.11%26.31%Net SellingNet Selling
TSAT
TELESAT CORP
Canada
$113.36M12,595,251100.00%0.00%
CAMP
CALAMP CORP
United States
$166.36M36,968,38864.93%35.07%Net BuyingNet Buying
INSG
INSEEGO CORP
United States
$121.87M107,849,96536.79%63.21%Net Selling
ASNS
ACTELIS NETWORKS INC
United States
$10.56M17,317,5720.22%12.80%
BKTI
BK TECHNOLOGIES CORP
United States
$66.07M16,984,29715.13%84.87%Net BuyingNet Buying
WLDS
WEARABLE DEVICES LTD
Israel
$9.21M14,837,65610.33%0.00%
SATX
SATIXFY COMMUNICATIONS LTD
Israel
$107.11M69,552,98026.01%0.00%

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in Feb 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 7.73% over the past year, overperforming other communication equipment stocks by 16 percentage points.

Clearfield has an average 1 year price target of $112.25, an upside of 76.22% from Clearfield's current stock price of $63.70.

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 -54.52% 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 61.43% from Ericsson Lm Telephone Co's current stock price of $5.73.

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. Viavi Solutions (NASDAQ:VIAV)


Viavi Solutions (NASDAQ:VIAV) 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 16 out of 33 due diligence checks and has strong fundamentals. Viavi Solutions has seen its stock lose -33.04% over the past year, underperforming other communication equipment stocks by -24 percentage points.

Viavi Solutions has an average 1 year price target of $14.25, an upside of 25.99% from Viavi Solutions's current stock price of $11.31.

Viavi Solutions stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Viavi Solutions, 28.57% have issued a Strong Buy rating, 0% have issued a Buy, 71.43% 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 12 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 4.41%, which is 2 percentage points higher than the communication equipment industry average of 2.13%. 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 4.37%, which is 2 percentage points higher than the communication equipment industry average of 2.13%. 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. Cisco (NASDAQ:CSCO)


Cisco (NASDAQ:CSCO) has an annual dividend yield of 3.2%, which is 1 percentage points higher than the communication equipment industry average of 2.13%. Cisco's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Cisco's dividend has shown consistent growth over the last 10 years.

Cisco's dividend payout ratio of 54.5% indicates that its dividend yield is sustainable for the long-term.

Why are communication equipment stocks down?

Communication equipment stocks were down -0.74% in the last day, and up 1.9% over the last week.

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

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 -54.52% 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 -18.5% in the past year. It has underperformed other stocks in the communication equipment industry by -10 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 7.73% in the past year. It has overperformed other stocks in the communication equipment industry by 16 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 23.58% 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 17.87x.
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