11 Most Undervalued Technology Stocks to Buy According to Analysts

9. Aviat Networks Inc. (NASDAQ:AVNW)

Forward P/E Ratio as of September 30: 9.74

Number of Hedge Fund Holders: 11

Average Upside Potential as of September 30: 37.37%

Aviat Networks Inc. (NASDAQ:AVNW) is one of the most undervalued technology stocks to buy according to analysts. On September 29, Aviat Networks announced a partnership with Intracom Telecom, which is a global technology systems and solutions provider, to deliver Fixed Wireless Access/FWA technology. The collaboration will focus on FWA technology that uses the high-capacity 28 and 39 GHz millimeter wave (mmWave) bands, conforming to FCC requirements for 5G use.

Aviat will initially target select North American service providers to address the growing need for multi-Gigabit consumer and enterprise 5G access use cases. The wireless alternative offers fiber-like performance without the high cost, delays, and complexity associated with deploying fiber infrastructure.

Aviat will provide a complete solution portfolio, including software solutions and a comprehensive set of design, planning, deployment, and support services, using its extensive presence in North America. Intracom Telecom’s contribution is the WiBAS G5 platform, which is described as the only commercially available point-to-multipoint FWA solution operating in the 28 and 39 GHz mmWave bands. The solution can cost-effectively deliver over 22 Gbps from the same base station site, using Multi-User MIMO and Hybrid Massive Beamforming, across distances of up to 5 miles and more.

Aviat Networks Inc. (NASDAQ:AVNW) provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.