4 Best Performing Wireless Equipment Stocks In 2017

The success is primarily attributed to strong demand from cloud service providers and the digital transformation imperative. In the United States, the majority of demand for service provider router and carrier Ethernet switch are from large cloud service operators like Amazon Web Services of Amazon.com Inc., Microsoft Azure of Microsoft Corp. and Alphabet Inc.

Our Top Pick

The U.S. wireless equipment industry has lately emerged as an intensely contested space where success thrives largely on technical superiority, quality of services and scalability. In order to stay abreast of competition, existing players need to be constantly on their toes, introducing innovative products to gain from the industry’s growing momentum.

At this stage, we believe investors should choose stocks which promise strong near-term growth and carry a favorable Zacks Rank. Taking into account these factors, we present four such stocks for investors to consider:

Sonus Networks Inc. (SONS - Free Report): Headquartered in Westford, MA, Sonus Networks is a leading provider of voice infrastructure products for the new public network. Sonus' solutions enable service providers to deploy an integrated network capable of carrying both voice and data traffic, and to deliver a range of innovative, new services.

Sonus has long-term (three-five years) earnings per share (EPS) growth estimate of 12%. The company currently holds a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Comtech Telecommunications Corp. (CMTL - Free Report): Headquartered in Melville, NY, Comtech designs, develops, produces and markets innovative products, systems, and services for advanced communications solutions. The company sells products to a diverse customer base in the global commercial and government communications markets.

Comtech has long-term (three-five years) EPS growth estimate of 5% and a dividend yield of 2.04%.The company currently holds a Zacks Rank #2 (Buy).

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