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Small Cap
Communication Equipment
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
HLIT icon
1
Harmonic Inc
HLIT
$1.34B
$1.34B $12.31 2.5%
UMAC icon
2
Unusual Machines
UMAC
$1.22B
$1.22B $24.35 0.9%
GILT icon
3
Gilat Satellite Networks
GILT
$780M
$780M $10.12 1.71%
FEIM icon
4
Frequency Electronics
FEIM
$655M
$655M $59.81 2.45%
ADTN icon
5
Adtran
ADTN
$653M
$653M $8.02 4.02%
TSAT icon
6
Telesat
TSAT
$645M
$645M $42.38 0.5%
NTGR icon
7
NETGEAR
NTGR
$581M
$581M $21.39 3.23%
CLFD icon
8
Clearfield
CLFD
$400M
$400M $29.45 8.15%
BKTI icon
9
BK Technologies
BKTI
$289M
$289M $76.76 1.64%
AVNW icon
10
Aviat Networks
AVNW
$274M
$274M $21.15 2.37%
LTRX icon
11
Lantronix
LTRX
$261M
$261M $5.86 2.09%

Small Cap 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 11 small cap Communication Equipment stocks — companies in the Communication Equipment industry with a market cap between $250M and $2B — worth a combined $7.1B.

The largest by market cap are Harmonic Inc (HLIT) at $1.34B, Unusual Machines (UMAC) at $1.22B and Gilat Satellite Networks (GILT) at $780M.

Among institutional investors, Unusual Machines (UMAC) drew the most net new fund positions in Q2 2026: 74 funds opened new positions, taking total fund holders up 41 (29%) quarter-over-quarter.

  • Combined market cap: $7.1B across 11 stocks.
  • Small Cap: market cap between $250M and $2B.
  • Largest constituent: Harmonic Inc (HLIT), $1.34B market cap.
  • Most net new fund positions in Q2 2026: Unusual Machines (UMAC), +41 holders.

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