Sectors & IndustriesTechnologyCommunication Equipment

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.

According to Zen Score, the 3 best communication equipment stocks to buy right now are:

Aviat Networks (NASDAQ:AVNW) is the top communication equipment stock with a Zen Score of 63, which is 35 points higher than the communication equipment industry average of 28. It passed 20 out of 33 due diligence checks and has strong fundamentals. Aviat Networks has seen its stock lose -27.1% over the past year, underperforming other communication equipment stocks by -31 percentage points.

Aviat Networks has an average 1 year price target of $53.00, an upside of 120.1% from Aviat Networks's current stock price of $24.08.

Aviat Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Aviat Networks, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Ituran Location & Control (NASDAQ:ITRN) is the second best communication equipment stock with a Zen Score of 62, which is 34 points higher than the communication equipment industry average of 28. It passed 23 out of 38 due diligence checks and has strong fundamentals. Ituran Location & Control has seen its stock lose -7.76% over the past year, underperforming other communication equipment stocks by -11 percentage points.

Audiocodes (NASDAQ:AUDC) is the third best communication equipment stock with a Zen Score of 57, which is 29 points higher than the communication equipment industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Audiocodes has seen its stock lose -3.26% over the past year, underperforming other communication equipment stocks by -7 percentage points.

Audiocodes has an average 1 year price target of $12.00, an upside of 22.7% from Audiocodes's current stock price of $9.78.

Audiocodes stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Audiocodes, 0% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

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:

Adtran Holdings (NASDAQ:ADTN) has an annual dividend yield of N/A, which is N/A percentage points lower than the communication equipment industry average of 2.71%. Adtran Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Adtran Holdings's dividend has not shown consistent growth over the last 10 years.

Adtran Holdings's dividend payout ratio of -1.3% indicates that its dividend yield might not be sustainable for the long-term.

Frequency Electronics (NASDAQ:FEIM) has an annual dividend yield of 7.28%, which is 5 percentage points higher than the communication equipment industry average of 2.71%. Frequency Electronics's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Frequency Electronics's dividend has not shown consistent growth over the last 10 years.

Frequency Electronics's dividend payout ratio of 0% indicates that its high dividend yield might not be sustainable for the long-term.

Ituran Location & Control (NASDAQ:ITRN) has an annual dividend yield of 4.31%, which is 2 percentage points higher than the communication equipment industry average of 2.71%. Ituran Location & Control's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Ituran Location & Control's dividend has shown consistent growth over the last 10 years.

Ituran Location & Control's dividend payout ratio of 45.7% indicates that its dividend yield is sustainable for the long-term.

Communication equipment stocks were up 0.84% in the last day, and down -0.39% over the last week. Actelis Networks was the among the top gainers in the communication equipment industry, gaining 11.74% yesterday.

Actelis Networks shares are trading higher after the company announced that it received a new order for a major aerial transportation agency.

Based on WallStreetZen's Valuation Score, the 3 most undervalued communication equipment stocks right now are:

Ituran Location & Control (NASDAQ:ITRN) is the most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Ituran Location & Control has a valuation score of 86, which is 63 points higher than the communication equipment industry average of 23. It passed 6 out of 7 valuation due diligence checks.

Ituran Location & Control's stock has dropped -7.76% in the past year. It has underperformed other stocks in the communication equipment industry by -11 percentage points.

Frequency Electronics (NASDAQ:FEIM) is the second most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Frequency Electronics has a valuation score of 86, which is 63 points higher than the communication equipment industry average of 23. It passed 6 out of 7 valuation due diligence checks.

Frequency Electronics's stock has gained 114.2% in the past year. It has overperformed other stocks in the communication equipment industry by 111 percentage points.

Audiocodes (NASDAQ:AUDC) is the third most undervalued communication equipment stock based on WallStreetZen's Valuation Score. Audiocodes has a valuation score of 86, which is 63 points higher than the communication equipment industry average of 23. It passed 6 out of 7 valuation due diligence checks.

Audiocodes's stock has dropped -3.26% in the past year. It has underperformed other stocks in the communication equipment industry by -7 percentage points.