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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
HLIT
HARMONIC INC
United States
$1.08B111,908,84995.65%4.35%Net SellingNet Selling
CSCO
CISCO SYSTEMS INC
United States
$195.66B4,049,187,08073.24%1.84%Net SellingNet Selling
AUDC
AUDIOCODES LTD
Israel
$317.88M30,506,75342.97%0.00%
ITRN
ITURAN LOCATION & CONTROL LTD
Israel
$498.33M19,893,58067.15%0.00%
CIEN
CIENA CORP
United States
$6.30B144,602,69291.92%3.33%Net SellingNet Selling
HPE
HEWLETT PACKARD ENTERPRISE CO
United States
$21.83B1,300,000,00080.63%0.51%Net BuyingNet Selling
UI
UBIQUITI INC
United States
$6.45B60,461,1921.67%98.33%Net Selling
MSI
MOTOROLA SOLUTIONS INC
United States
$56.43B166,132,98169.23%30.77%Net SellingNet Selling
JNPR
JUNIPER NETWORKS INC
United States
$11.61B321,907,36691.80%4.09%Net SellingNet Selling
EXTR
EXTREME NETWORKS INC
United States
$1.41B128,730,41182.70%17.30%Net SellingNet Selling
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
Israel
$15.98M5,748,01815.04%0.00%
VSAT
VIASAT INC
United States
$1.98B125,320,49949.43%50.57%Net Selling
ZBRA
ZEBRA TECHNOLOGIES CORP
United States
$13.77B51,381,40988.81%11.19%Net SellingNet Selling
AVNW
AVIAT NETWORKS INC
United States
$412.30M12,547,27668.94%31.06%Net Selling
CLFD
CLEARFIELD INC
United States
$415.90M14,706,67164.98%35.02%Net BuyingNet Buying
TSAT
TELESAT CORP
Canada
$104.05M13,610,34299.69%0.31%
NOK
NOKIA CORP
Finland
$19.76B5,613,496,5655.30%0.00%
SONM
SONIM TECHNOLOGIES INC
United States
$20.74M43,206,0832.02%97.98%Net Buying
BDC
BELDEN INC
United States
$3.37B41,085,54295.01%4.99%Net SellingNet Selling
VIAV
VIAVI SOLUTIONS INC
United States
$1.80B222,565,77495.48%2.45%Net SellingNet Buying
UTSI
UTSTARCOM HOLDINGS CORP
Hong Kong
$23.61M9,116,0000.47%99.53%
FKWL
FRANKLIN WIRELESS CORP
United States
$34.53M11,784,2800.43%99.57%
GILT
GILAT SATELLITE NETWORKS LTD
United States
$302.76M57,016,08631.59%0.00%
PWFL
POWERFLEET INC
United States
$148.48M37,212,30446.42%53.58%Net Selling
ADTN
ADTRAN HOLDINGS INC
United States
$369.10M78,698,99974.75%25.25%Net Selling
CMBM
CAMBIUM NETWORKS CORP
Cayman Islands
$91.10M27,859,35787.14%5.77%Net BuyingNet Selling
FEIM
FREQUENCY ELECTRONICS INC
United States
$90.60M9,487,34248.28%51.72%Net BuyingNet Buying
VISL
VISLINK TECHNOLOGIES INC
United States
$9.11M2,448,4821.10%98.90%Net Selling
AMPG
AMPLITECH GROUP INC
United States
$22.35M9,717,11310.94%30.29%Net Buying
AAOI
APPLIED OPTOELECTRONICS INC
United States
$465.38M38,398,08561.45%9.06%Net SellingNet Selling
INFN
INFINERA CORP
United States
$1.09B231,422,39085.61%14.39%Net SellingNet Selling
NTGR
NETGEAR INC
United States
$422.97M29,661,35182.84%8.95%Net SellingNet Selling
KN
KNOWLES CORP
United States
$1.37B89,629,86596.69%3.10%Net BuyingNet Selling
CLRO
CLEARONE INC
United States
$22.99M23,969,1485.14%67.86%Net Buying
KVHI
KVH INDUSTRIES INC
United States
$97.05M19,645,94654.25%45.75%Net SellingNet Selling
ONDS
ONDAS HOLDINGS INC
United States
$54.97M65,599,99913.26%36.80%Net BuyingNet Buying
LTRX
LANTRONIX INC
United States
$115.43M37,476,8268.46%91.54%Net BuyingNet Buying
CRNT
CERAGON NETWORKS LTD
Israel
$233.19M85,418,32113.14%0.00%
ITI
ITERIS INC
United States
$193.09M42,908,02437.73%62.27%Net SellingNet Selling
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
Cayman Islands
$2.76B163,290,61466.48%30.01%Net SellingNet Selling
DGII
DIGI INTERNATIONAL INC
United States
$1.06B36,256,61294.60%5.40%Net SellingNet Selling
SYTA
SIYATA MOBILE INC
Canada
$1.48M570,4620.32%0.00%
MOB
MOBILICOM LTD
Australia
$5.92M1,326,676,6930.05%0.00%
LITE
LUMENTUM HOLDINGS INC
United States
$2.81B67,400,00091.84%8.16%Net SellingNet Selling
AIRG
AIRGAIN INC
United States
$55.57M10,504,59739.02%32.19%Net SellingNet Selling
PI
IMPINJ INC
United States
$3.16B27,197,69841.47%58.53%Net BuyingNet Selling
MITQ
MOVING IMAGE TECHNOLOGIES INC
United States
$6.16M10,479,2172.23%70.05%Net SellingNet Selling
SILC
SILICOM LTD
Israel
$104.18M6,738,70645.84%9.58%
BKTI
BK TECHNOLOGIES CORP
United States
$47.09M3,525,0024.28%95.72%Net SellingNet Selling
AKTS
AKOUSTIS TECHNOLOGIES INC
United States
$48.02M98,602,95728.99%8.51%Net BuyingNet Buying
BOXL
BOXLIGHT CORP
United States
$5.05M9,728,4656.07%93.93%Net SellingNet Selling
MYNA
MYNARIC AG
Germany
$126.41M5,668,39116.45%0.00%
INSG
INSEEGO CORP
United States
$35.64M11,878,94429.66%70.34%
ERIC
ERICSSON LM TELEPHONE CO
Sweden
$17.06B3,344,151,7357.96%0.00%
COMM
COMMSCOPE HOLDING COMPANY INC
United States
$195.93M212,270,57684.12%5.73%Net BuyingNet Buying
OCC
OPTICAL CABLE CORP
United States
$21.99M7,853,35713.60%26.45%Net SellingNet Selling
SATS
ECHOSTAR CORP
United States
$3.95B271,518,52016.06%9.67%Net BuyingNet Buying
DZSI
DZS INC
United States
$35.21M31,159,77823.33%48.31%Net SellingNet Selling
CMTL
COMTECH TELECOMMUNICATIONS CORP
United States
$52.68M28,473,82269.92%6.37%Net BuyingNet Selling
CAMP
CALAMP CORP
United States
$4.94M1,652,02048.24%51.76%Net SellingNet Selling
SATX
SATIXFY COMMUNICATIONS LTD
Israel
$44.38M83,114,1934.90%0.00%
UMAC
UNUSUAL MACHINES INC
Puerto Rico
$13.99M9,083,3410.00%50.41%
ASTS
AST SPACEMOBILE INC
United States
$535.13M256,042,83613.46%45.53%Net SellingNet Selling
MINM
MINIM INC
United States
$11.60M2,965,9000.13%99.87%Net Buying
ASNS
ACTELIS NETWORKS INC
United States
$2.43M3,020,26811.14%27.92%Net SellingNet Selling

Communication Equipment Stocks FAQ

What are the best communication equipment stocks to buy right now in Apr 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 66, which is 36 points higher than the communication equipment industry average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Harmonic has seen its stock lose -34.28% over the past year, underperforming other communication equipment stocks by -13 percentage points.

Harmonic has an average 1 year price target of $16.50, an upside of 70.45% from Harmonic's current stock price of $9.68.

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 31 points higher than the communication equipment industry average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Cisco has seen its stock return 0.58% over the past year, overperforming other communication equipment stocks by 22 percentage points.

Cisco has an average 1 year price target of $53.17, an upside of 10.03% from Cisco's current stock price of $48.32.

Cisco stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Cisco, 16.67% have issued a Strong Buy rating, 8.33% have issued a Buy, 75% 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 25 points higher than the communication equipment industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock return 17.22% over the past year, overperforming other communication equipment stocks by 39 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 156.41%, which is 141 percentage points higher than the communication equipment industry average of 15.68%. Clearone's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of -5,000% indicates that its high dividend yield might not be sustainable for the long-term.

2. Audiocodes (NASDAQ:AUDC)


Audiocodes (NASDAQ:AUDC) has an annual dividend yield of 5.18%, which is -10 percentage points lower than the communication equipment industry average of 15.68%. 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 high dividend yield might not be sustainable for the long-term.

3. Ericsson Lm Telephone Co (NASDAQ:ERIC)


Ericsson Lm Telephone Co (NASDAQ:ERIC) has an annual dividend yield of 4.98%, which is -11 percentage points lower than the communication equipment industry average of 15.68%. Ericsson Lm Telephone Co's dividend payout is not stable, having dropped more than 10% six 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.

Why are communication equipment stocks down?

Communication equipment stocks were down -0.74% in the last day, and down -3.72% 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. Harmonic (NASDAQ:HLIT)


Harmonic (NASDAQ:HLIT) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Harmonic has a valuation score of 86, which is 59 points higher than the communication equipment industry average of 27. It passed 6 out of 7 valuation due diligence checks.

Harmonic's stock has dropped -34.28% in the past year. It has underperformed other stocks in the communication equipment industry by -13 percentage points.

2. Audiocodes (NASDAQ:AUDC)


Audiocodes (NASDAQ:AUDC) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Audiocodes has a valuation score of 86, which is 59 points higher than the communication equipment industry average of 27. It passed 6 out of 7 valuation due diligence checks.

Audiocodes's stock has gained 1.66% in the past year. It has overperformed other stocks in the communication equipment industry by 23 percentage points.

3. Telesat (NASDAQ:TSAT)


Telesat (NASDAQ:TSAT) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Telesat has a valuation score of 71, which is 44 points higher than the communication equipment industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Telesat's stock has dropped -15.24% in the past year. It has overperformed other stocks in the communication equipment industry by 6 percentage points.

Are communication equipment stocks a good buy now?

42.22% of communication equipment stocks rated by analysts are a strong buy right now. On average, analysts expect communication equipment stocks to rise by 24.4% 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 17.72x.
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