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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.

Industry: Communication Equipment
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CLFD
CLEARFIELD INC
United States
$1.43B13,777,68247.96%38.66%Net SellingNet Selling
CSCO
CISCO SYSTEMS INC
United States
$171.83B4,108,844,16771.69%1.79%Net SellingNet Selling
LITE
LUMENTUM HOLDINGS INC
United States
$5.04B68,100,00091.56%8.44%Net SellingNet Selling
ITRN
ITURAN LOCATION & CONTROL LTD
Israel
$468.56M20,497,00063.36%0.00%
AVNW
AVIAT NETWORKS INC
United States
$317.70M11,186,47763.68%35.69%Net BuyingNet Selling
ZBRA
ZEBRA TECHNOLOGIES CORP
United States
$14.59B51,789,94184.76%11.11%Net SellingNet Selling
BOXL
BOXLIGHT CORP
United States
$44.86M71,210,5689.29%16.28%Net SellingNet Selling
ERIC
ERICSSON LM TELEPHONE CO
Sweden
$19.33B3,072,395,7529.12%0.00%
CMBM
CAMBIUM NETWORKS CORP
Cayman Islands
$488.59M26,964,21890.09%5.50%Net SellingNet Selling
AMPG
AMPLITECH GROUP INC
United States
$18.68M9,629,6137.46%30.03%Net BuyingNet Buying
WTT
WIRELESS TELECOM GROUP INC
United States
$28.30M21,440,09817.39%82.61%
JNPR
JUNIPER NETWORKS INC
United States
$8.91B322,609,46490.47%4.02%Net SellingNet Selling
HPE
HEWLETT PACKARD ENTERPRISE CO
United States
$16.53B1,286,700,89682.26%0.38%Net BuyingNet Selling
SATS
ECHOSTAR CORP
United States
$1.42B83,172,35439.29%3.78%Net Buying
EXTR
EXTREME NETWORKS INC
United States
$1.83B131,158,59582.01%17.99%Net SellingNet Selling
CIEN
CIENA CORP
United States
$6.34B148,141,81091.19%2.97%Net SellingNet Selling
MYNA
MYNARIC AG
Germany
$115.14M5,242,94819.31%0.00%
AUDC
AUDIOCODES LTD
Israel
$716.02M31,809,00046.18%0.00%
PEGY
PINEAPPLE ENERGY INC
United States
$10.63M7,435,58612.21%75.53%Net Buying
NTIP
NETWORK-1 TECHNOLOGIES INC
United States
$54.19M23,768,50611.84%88.16%Net Selling
VISL
VISLINK TECHNOLOGIES INC
United States
$21.34M47,419,3178.70%48.40%Net Selling
AKTS
AKOUSTIS TECHNOLOGIES INC
United States
$176.76M57,204,69750.85%9.57%Net SellingNet Selling
NOK
NOKIA CORP
Finland
$26.06B5,653,886,1597.26%0.00%
MSI
MOTOROLA SOLUTIONS INC
United States
$39.29B166,885,12769.28%30.72%Net SellingNet Selling
MAXR
MAXAR TECHNOLOGIES INC
United States
$1.62B74,205,41077.49%3.59%Net SellingNet Selling
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
Israel
$12.54M5,701,51814.55%0.00%
AIRG
AIRGAIN INC
United States
$75.09M10,202,32555.93%28.24%Net Buying
ONDS
ONDAS HOLDINGS INC
United States
$170.24M42,666,33524.21%41.69%Net Selling
ADTN
ADTRAN HOLDINGS INC
United States
$1.59B77,420,13362.20%27.26%Net SellingNet Buying
VIAV
VIAVI SOLUTIONS INC
United States
$3.17B226,257,54692.20%2.10%Net SellingNet Selling
PCTI
PC TEL INC
United States
$88.35M18,677,85150.88%17.71%Net BuyingNet Buying
PWFL
POWERFLEET INC
United States
$117.62M36,189,75653.72%46.28%Net Buying
FKWL
FRANKLIN WIRELESS CORP
United States
$34.70M11,684,2800.50%99.50%Net Buying
HLIT
HARMONIC INC
United States
$1.39B105,059,78095.44%4.56%Net SellingNet Selling
DGII
DIGI INTERNATIONAL INC
United States
$1.30B35,292,31789.95%5.54%Net BuyingNet Selling
MINM
MINIM INC
United States
$9.81M46,504,2325.77%94.23%Net Buying
LTRX
LANTRONIX INC
United States
$180.25M35,136,5407.12%92.88%Net SellingNet Selling
ALLT
ALLOT LTD
Israel
$153.20M36,827,19766.80%4.62%
SWIR
SIERRA WIRELESS INC
Canada
$1.18B38,770,00068.04%0.00%
INFN
INFINERA CORP
United States
$1.17B216,934,20885.27%14.73%Net SellingNet Selling
UTSI
UTSTARCOM HOLDINGS CORP
Hong Kong
$35.21M9,028,4850.84%99.16%
SONM
SONIM TECHNOLOGIES INC
United States
$17.33M34,319,8480.95%99.05%Net BuyingNet Buying
UI
UBIQUITI INC
United States
$18.68B60,426,6991.67%98.33%Net SellingNet Buying
SYTA
SIYATA MOBILE INC
Canada
$5.29M15,120,5244.95%0.00%
DZSI
DZS INC
United States
$335.28M27,893,79734.73%0.47%Net SellingNet Selling
KVHI
KVH INDUSTRIES INC
United States
$174.92M19,075,05960.23%34.65%Net BuyingNet Selling
PI
IMPINJ INC
United States
$2.29B25,599,99254.44%45.56%Net SellingNet Selling
ITI
ITERIS INC
United States
$120.92M42,577,41538.74%61.26%Net Buying
CMTL
COMTECH TELECOMMUNICATIONS CORP
United States
$295.86M27,676,77274.03%5.74%Net SellingNet Selling
TESS
TESSCO TECHNOLOGIES INC
United States
$38.54M9,132,79611.36%88.64%Net Buying
SILC
SILICOM LTD
Israel
$248.05M6,709,52850.86%9.62%
GILT
GILAT SATELLITE NETWORKS LTD
United States
$328.33M56,608,01629.76%0.00%
KN
KNOWLES CORP
United States
$1.18B91,640,69797.65%2.35%Net BuyingNet Buying
NTGR
NETGEAR INC
United States
$608.30M28,733,97590.22%6.75%Net SellingNet Selling
CLRO
CLEARONE INC
United States
$13.56M23,952,5553.84%66.10%Net Buying
VSAT
VIASAT INC
United States
$3.02B75,552,52553.87%46.13%Net SellingNet Selling
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
Cayman Islands
$1.70B145,682,01022.60%37.74%Net SellingNet Selling
MITQ
MOVING IMAGE TECHNOLOGIES INC
United States
$12.16M10,958,3982.46%67.10%Net Buying
COMM
COMMSCOPE HOLDING COMPANY INC
United States
$2.33B208,192,65991.09%3.67%Net BuyingNet Buying
ASNS
ACTELIS NETWORKS INC
United States
$15.57M17,317,5720.29%12.80%
CRNT
CERAGON NETWORKS LTD
Israel
$157.12M84,019,1889.90%0.00%
FEIM
FREQUENCY ELECTRONICS INC
United States
$53.09M9,313,50951.11%48.89%Net BuyingNet Buying
BKTI
BK TECHNOLOGIES CORP
United States
$40.85M16,948,24016.92%83.08%Net BuyingNet Buying
CASA
CASA SYSTEMS INC
United States
$327.61M94,412,43127.04%72.96%Net SellingNet Selling
OCC
OPTICAL CABLE CORP
United States
$27.39M7,893,19413.46%26.41%Net Selling
INSG
INSEEGO CORP
United States
$235.79M107,665,36838.54%61.46%Net Selling
CAMP
CALAMP CORP
United States
$156.78M37,062,96567.52%32.48%Net BuyingNet Buying
TSAT
TELESAT CORP
Canada
$429.19M49,559,75353.78%0.00%
WLDS
WEARABLE DEVICES LTD
Israel
$16.02M14,837,6560.00%0.00%

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in Oct 2022?

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 57, which is 25 points higher than the communication equipment industry average of 32. It passed 19 out of 33 due diligence checks and has strong fundamentals. Clearfield has seen its stock return 128.6% over the past year, overperforming other communication equipment stocks by 144 percentage points.

Clearfield has an average 1 year price target of $73.50, a downside of -29.43% from Clearfield's current stock price of $104.15.

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.

2. Cisco (NASDAQ:CSCO)


Cisco (NASDAQ:CSCO) is the second best communication equipment stock with a Zen Score of 56, which is 24 points higher than the communication equipment industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock lose -22.88% over the past year, underperforming other communication equipment stocks by -7 percentage points.

Cisco has an average 1 year price target of $51.71, an upside of 23.64% from Cisco's current stock price of $41.82.

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.

3. Lumentum Holdings (NASDAQ:LITE)


Lumentum Holdings (NASDAQ:LITE) is the third best communication equipment stock with a Zen Score of 53, which is 21 points higher than the communication equipment industry average of 32. It passed 17 out of 33 due diligence checks and has strong fundamentals. Lumentum Holdings has seen its stock lose -10% over the past year, overperforming other communication equipment stocks by 6 percentage points.

Lumentum Holdings has an average 1 year price target of $109.27, an upside of 47.61% from Lumentum Holdings's current stock price of $74.03.

Lumentum Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Lumentum Holdings, 63.64% have issued a Strong Buy rating, 27.27% have issued a Buy, 9.09% 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 15 communication equipment stocks that have issued dividends in the past year, the 3 communication equipment stocks with the highest dividend yields are:

1. Tel (NASDAQ:PCTI)


Tel (NASDAQ:PCTI) has an annual dividend yield of 4.65%, which is 2 percentage points higher than the communication equipment industry average of 2.54%. 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 dividend yield might not be sustainable for the long-term.

2. Bk Technologies (NYSEMKT:BKTI)


Bk Technologies (NYSEMKT:BKTI) has an annual dividend yield of 4.56%, which is 2 percentage points higher than the communication equipment industry average of 2.54%. 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 dividend yield might not be sustainable for the long-term.

3. Network 1 Technologies (NYSEMKT:NTIP)


Network 1 Technologies (NYSEMKT:NTIP) has an annual dividend yield of 4.39%, which is 2 percentage points higher than the communication equipment industry average of 2.54%. 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 dividend yield is sustainable for the long-term.

Why are communication equipment stocks up?

Communication equipment stocks were up 3.53% in the last day, and up 7.19% over the last week. Pineapple Energy was the among the top gainers in the communication equipment industry, gaining 79.65% yesterday.

Shares of several companies in the broader industrials sector are trading higher amid overall market strength as Treasury yields fall and as stocks rebound following September's weakness.

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. Pineapple Energy (NASDAQ:PEGY)


Pineapple Energy (NASDAQ:PEGY) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Pineapple Energy has a valuation score of 100, which is 64 points higher than the communication equipment industry average of 36. It passed 7 out of 7 valuation due diligence checks.

Pineapple Energy's stock has dropped -95.5% in the past year. It has underperformed other stocks in the communication equipment industry by -80 percentage points.

2. Aviat Networks (NASDAQ:AVNW)


Aviat Networks (NASDAQ:AVNW) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Aviat Networks has a valuation score of 86, which is 50 points higher than the communication equipment industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Aviat Networks's stock has dropped -14.97% in the past year. It has overperformed other stocks in the communication equipment industry by 1 percentage points.

3. Ericsson Lm Telephone Co (NASDAQ:ERIC)


Ericsson Lm Telephone Co (NASDAQ:ERIC) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Ericsson Lm Telephone Co has a valuation score of 86, which is 50 points higher than the communication equipment industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Ericsson Lm Telephone Co's stock has dropped -43.64% in the past year. It has underperformed other stocks in the communication equipment industry by -28 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 34.57% 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 19.34x.
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