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Communication Equipment
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
CSCO icon
1
Cisco
CSCO
$440B
$440B $111.58 0.03%
MSI icon
2
Motorola Solutions
MSI
$79.6B
$79.6B $481.06 2.46%
LITE icon
3
Lumentum
LITE
$74.1B
$74.1B $825.61 5.46%
HPE icon
4
Hewlett Packard
HPE
$70.5B
$70.5B $53.23 4.42%
NOK icon
5
Nokia
NOK
$56.4B
$56.4B $10.11 2.69%
CIEN icon
6
Ciena
CIEN
$56.4B
$56.4B $398.69 1.69%
UI icon
7
Ubiquiti
UI
$35.8B
$35.8B $591.64 1.46%
ERIC icon
8
Ericsson
ERIC
$33.4B
$33.4B $10.19 0.99%
ASTS icon
9
AST SpaceMobile
ASTS
$20B
$20B $66.66 0.61%
ZBRA icon
10
Zebra Technologies
ZBRA
$17B
$17B $358.54 2.15%
VSAT icon
11
Viasat
VSAT
$10.7B
$10.7B $77.47 1.84%
AAOI icon
12
Applied Optoelectronics
AAOI
$10.4B
$10.4B $122.81 6.54%
VIAV icon
13
Viavi Solutions
VIAV
$9.68B
$9.68B $39.22 5.2%
ONDS icon
14
Ondas Inc
ONDS
$5.07B
$5.07B $8.88 1.99%
BDC icon
15
Belden
BDC
$5.02B
$5.02B $128.50 0.7%
EXTR icon
16
Extreme Networks
EXTR
$3.02B
$3.02B $23.15 2.53%
DGII icon
17
Digi International
DGII
$2.9B
$2.9B $76.34 5.8%
VISN
18
Vistance Networks Inc
VISN
$2.59B
$2.59B $11.24 1.23%
UMAC icon
19
Unusual Machines
UMAC
$1.43B
$1.43B $28.55 6.64%
HLIT icon
20
Harmonic Inc
HLIT
$1.37B
$1.37B $12.61 0.94%
GILT icon
21
Gilat Satellite Networks
GILT
$840M
$840M $10.91 0.28%
FEIM icon
22
Frequency Electronics
FEIM
$756M
$756M $69.02 8.18%
TSAT icon
23
Telesat
TSAT
$707M
$707M $46.43 1.86%
ADTN icon
24
Adtran
ADTN
$649M
$649M $7.97 1.6%
NTGR icon
25
NETGEAR
NTGR
$592M
$592M $21.79 1.49%
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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 43 Communication Equipment industry stocks tracked by Wall St. Rank, worth a combined $941B.

The largest by market cap are Cisco (CSCO) at $440B, Motorola Solutions (MSI) at $79.6B and Lumentum (LITE) at $74.1B.

Among institutional investors, Cisco (CSCO) drew the most net new fund positions in Q2 2026: 491 funds opened new positions, taking total fund holders up 314 (8.4%) quarter-over-quarter.

  • Combined market cap: $941B across 43 stocks.
  • Largest constituent: Cisco (CSCO), $440B market cap.
  • Most net new fund positions in Q2 2026: Cisco (CSCO), +314 holders.

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