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Communication Equipment
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
CSCO icon
1
Cisco
CSCO
$413B
$413B $104.86 1.84%
MSI icon
2
Motorola Solutions
MSI
$81.4B
$81.4B $492.09 0.22%
HPE icon
3
Hewlett Packard
HPE
$68.4B
$68.4B $51.49 3.03%
LITE icon
4
Lumentum
LITE
$57.4B
$57.4B $633.61 6.84%
NOK icon
5
Nokia
NOK
$47.6B
$47.6B $8.51 0.35%
CIEN icon
6
Ciena
CIEN
$41.1B
$41.1B $290.02 3.35%
ERIC icon
7
Ericsson
ERIC
$36.2B
$36.2B $11.18 2.66%
UI icon
8
Ubiquiti
UI
$33.2B
$33.2B $547.94 0.46%
ZBRA icon
9
Zebra Technologies
ZBRA
$16B
$16B $337.75 2.5%
ASTS icon
10
AST SpaceMobile
ASTS
$11.5B
$11.5B $38.21 2.85%
VSAT icon
11
Viasat
VSAT
$10.2B
$10.2B $74.25 1.32%
VIAV icon
12
Viavi Solutions
VIAV
$7.41B
$7.41B $30.14 0.3%
AAOI icon
13
Applied Optoelectronics
AAOI
$5.29B
$5.29B $62.30 2.61%
BDC icon
14
Belden
BDC
$4.12B
$4.12B $105.36 1.83%
ONDS icon
15
Ondas Inc
ONDS
$3.34B
$3.34B $5.73 1.04%
EXTR icon
16
Extreme Networks
EXTR
$3.05B
$3.05B $23.27 2.02%
DGII icon
17
Digi International
DGII
$2.76B
$2.76B $72.69 0.92%
VISN icon
18
Vistance Networks Inc
VISN
$1.52B
$1.52B $6.58 1.08%
HLIT icon
19
Harmonic Inc
HLIT
$1.12B
$1.12B $10.24 0.49%
FEIM icon
20
Frequency Electronics
FEIM
$733M
$733M $64.98 2.42%
UMAC icon
21
Unusual Machines
UMAC
$679M
$679M $13.59 7.05%
TSAT icon
22
Telesat
TSAT
$619M
$619M $40.44 0.35%
NTGR icon
23
NETGEAR
NTGR
$610M
$610M $22.45 2.89%
GILT icon
24
Gilat Satellite Networks
GILT
$565M
$565M $7.34 0.41%
CLFD icon
25
Clearfield
CLFD
$450M
$450M $33.13 1.63%
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Communication Equipment Stocks at a Glance

Communication equipment companies build the gear behind networks — routing and switching, fiber optics, wireless infrastructure, and satellite systems. Sales follow carrier and enterprise capex cycles, with each wireless and bandwidth upgrade wave driving multi-year spending.

There are 45 Communication Equipment industry stocks tracked by Wall St. Rank, worth a combined $851B.

The largest by market cap are Cisco (CSCO) at $413B, Motorola Solutions (MSI) at $81.4B and Hewlett Packard (HPE) at $68.4B.

Among institutional investors, Cisco (CSCO) drew the most net new fund positions in Q2 2026: 495 funds opened new positions, taking total fund holders up 343 (9.1%) quarter-over-quarter.

  • Combined market cap: $851B across 45 stocks.
  • Largest constituent: Cisco (CSCO), $413B market cap.
  • Most net new fund positions in Q2 2026: Cisco (CSCO), +343 holders.

Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q2 2026.