Communication equipment stocks with the highest free cash flow yield

Ranked

22

of 42 communication equipment stocks we cover

Median

3.4%

Highest

10.9%

TBCH

Range

0.0% to 10.9%

#	Company	FCF yield	PE	Revenue growth (TTM)	Market cap
1	TBCHTurtle Beach	10.9%	n/m	−17.5%	$294.8M
2	ADTNADTRAN	10.9%	n/m	+15.7%	$523.9M
3	BKTIBK Technologies	7.8%	19.6×	+15.7%	$250.8M
4	VISNVistance Networks	6.2%	n/m	n/m	$1.4B
5	ZBRAZebra Technologies	4.9%	35.4×	+12.7%	$18.3B
6	DGIIDigi International	4.8%	59.5×	+20.3%	$2.8B
7	AIOTPowerfleet	4.4%	n/m	+15.1%	$357M
8	NSSCNapco Security Technologies	4.3%	32.1×	+11.4%	$1.4B
9	CLFDClearfield	3.5%	n/m	−16.5%	$376.3M
10	LTRXLantronix	3.4%	n/m	−1.6%	$268.6M
11	ESEEsco Technologies	3.4%	19.2×	+24.0%	$6B
12	MSIMotorola Solutions	3.4%	38.0×	+10.3%	$79.7B
13	EXTRExtreme Networks	3.3%	70.9×	+12.6%	$2.9B
14	ATENA10 Networks	3.3%	42.4×	+12.2%	$1.8B
15	CSCOCisco Systems	3.0%	31.9×	+11.8%	$419.9B
16	UIUbiquiti	2.6%	37.1×	+27.2%	$35.6B
17	AVNWAviat Networks	2.5%	101×	+1.2%	$245.4M
18	CIENCiena	1.8%	71.5×	+32.6%	$45.4B
19	PLPlanet Labs PBC	0.5%	n/m	+44.1%	$4.9B
20	LITELumentum	0.4%	n/m	+83.2%	$67.8B
21	HLITHarmonic	0.1%	n/m	n/m	$1.1B
22	FNFabrinet	0.0%	24.1×	+35.7%	$11.3B

Not ranked: 14 with no positive free cash flow, 2 with not a meaningful number, 1 with a yield above 40% (usually a one-off). 3 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.