4 Best Performing Wireless Equipment Stocks In 2017

Harris Corp. (HRS - Free Report): Based in Melbourne, FL, Harris has evolved from being a diversified electronics company to one that is focused on communications.The company is a global provider of communications equipment and services to government and commercial customers in more than 150 countries. Major operational areas are network broadcasting, network test and management equipment and software; mobile radio networks; and air traffic control systems.

Harris has long-term (three-five years) EPS growth estimate of 7% and a dividend yield of 1.64%. The company holds a Zacks Rank #2.

Motorola Solutions Inc. (MSI - Free Report): Based in Schaumburg, IL, Motorola Solutions is a leading communications equipment manufacturer, and has strong market positions in barcode scanning, wireless infrastructure gear, and government communications.

Motorola Solutions has long-term (three-five years) EPS growth estimate of 4.4% and a dividend yield of 2.06%. The company holds a Zacks Rank #2.

Solid Charts

The chart below shows that all the above-mentioned stocks have outperformed the industry year-to-date.

Bottom Line

Telecommunications is one of the few industries to have seen rapid technological improvement even during the recession. Owing to the significance of this service as an infrastructure product, we expect the overall economic dynamics to shift in favor of the industry. At this stage, we believe that these four stocks with a favorable Zacks Rank are poised to capitalize on the growing opportunities.

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