10 Small-Cap 5G Stocks to Buy 2023

Technology changes the way we spend our days and consequentially, new technologies drive the growth rate of the tech sector. It’s evident that in 2022, 5G technology, which has for years been under development, is seemingly going to drive growth in the tech sector to a great extent this year.

Best 5G Stocks for 2023 with great growth potentials

There are lots of opportunities, for growth-seeking investors, in the 5G space. Phone makers like Apple, for instance, are building their 2023 strategy around 5G. There is also the 5G IoT and chip market, both of which are huge.

How to invest in 5G: 5 Strategic ways

Among the many ways to approach investing in the 5G space, picking out really good small-cap 5G stocks could be even more rewarding than the established large-cap stocks like Apple.

If you are looking for Small-Cap 5G stocks to invest in, here are 10 5G small-cap stocks to consider:

1. EXFO Inc.

EXFO Inc. provides test, monitoring and analytics solutions for fixed and mobile communications service providers, web-scale operators, and network equipment.

It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, light sources, live fiber detection, network protocol testing, optical fiber multimeter, optical loss testing, optical time domain reflectometry and iOLM, power meters, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.

The company also provides lab and manufacturing testing network protocol testing products, network simulation and load testing products, optical benchtop kits, optical communication analyzers, optical light sources, optical power meters, optical spectrum analyzers, switch and utility modules, test platforms, variable attenuators, tunable filters, optical component testers, and tunable sources; and service assurance products, such as fiber monitoring, network probe, network topology management, monitoring and troubleshooting, RAN optimization, and real-time analytics.

In addition, it offers mobile portfolio that consists of network simulators and optical radio frequency test solutions for turning up and troubleshooting fiber-based mobile networks; PC-centric and open-ended platforms with cloud-based software applications; and Internet protocol assurance services, as well as monitoring services for 2G, 3G, 4G/LTE, and 5G mobile networks.

 The company sells products through its direct sales force, sales representatives, and distributors in the Americas, Europe, the Middle-East, Africa, and the Asia-Pacific.

EXFO Inc. was founded in 1985 and is headquartered in Québec City, Canada.

2. Boingo Wireless

Boingo Wireless, Inc., together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide.

It offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services.

The company also provides advertising services for advertisers to reach consumers with sponsored Wi-Fi access, promotional programs, and display advertising.

It serves largest carriers, telecommunications service providers, global consumer brands, and property owners, as well as troops stationed at military bases and Internet savvy consumers.

The company was formerly known as Project Mammoth, Inc. and changed its name to Boingo Wireless, Inc. in October 2001.

Boingo Wireless, Inc. was founded in 2001 and is headquartered in Los Angeles, California.

3. Ceragon Networks

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services.

 Its wireless backhaul solutions use microwave and millimeter wave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service provider’s network.

The company also offers wireless fronthaul solutions that use microwave technology for ultra-high speed, ultra-low latency communication for wireless 5G and 4G base stations.

In addition, it provides IP-20 all-outdoor solutions, such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V; IP-20 split-mount/all-indoor solutions comprising IP-20N/IP-20A, IP-20GX, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50C, and IP-50FX for various short-haul, long-haul, fronthaul, and enterprise access applications.

Further, the company offers network management system; and network and radio planning, site survey, solutions development, installation, network auditing and optimization, maintenance, training, and other services.

It provides its services to smart-phone applications, such as internet browsing, social networking, image sharing, music, and video applications; oil and gas companies; public safety organizations; business and public institutions; broadcasters; energy utilities; and private communications networks.

The company sells its products through direct sales, original equipment manufacturers, resellers, distributors, and system integrators.

It operates in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America.

The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000.

 Ceragon Networks Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.

4. CEVA Inc

CEVA, Inc. operates as a licensor of wireless connectivity and smart sensing platforms to semiconductor and original equipment manufacturer (OEM) companies worldwide.

It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI).

 The company licenses a family of signal processing intellectual properties (IPs), including DSP-based platforms for 5G baseband processing in mobile and infrastructure; imaging and computer vision for any camera-enabled device; audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets; sensor fusion software and IMU solutions for AR/VR, robotics, remote controls, and IoT; AI processors capable of handling the gamut of neural network workload and on-device; IPs for Bluetooth, Wi-Fi 4/5/6, and NB-IoT.

Its technologies are licensed to companies, which design, manufacture, market, and sell application-specific integrated circuits and application-specific standard products to wireless, consumer electronics, and automotive companies for incorporation into various end products.

The company delivers its DSP cores, platforms, and AI processors in the form of a hardware description language definition; and offers development platforms, software development kits, and software debug tools that facilitate system design, debug, and software development.

CEVA, Inc. licenses its technology through a direct sales force.

The company was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003.

CEVA, Inc. was founded in 1999 and is headquartered in Mountain View, California.

5. InterDigital

InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally.

It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, 5G, and IEEE 802-related products and networks.

The company develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, 4G, and 5G wireless networks, as well as mobile terminal devices; and 3GPP technology portfolio in 5G NR, LTE-Advanced, and cellular Internet of Things (IoT) areas, as well as technologies for automobiles, wearables, smart homes, drones, and other connected consumer electronic products.

It also provides video coding and transmission technologies; and engages in the research and development of artificial intelligence.

The company’s patented technologies are used in various products that include cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment, which comprise base stations; components, dongles, and modules for wireless devices; and IoT devices and software platforms.

 As of December 31, 2019, it had a portfolio of approximately 32,000 patents and patent applications related to wireless communications, video encoding, display technology, and other areas.

The company was founded in 1972 and is headquartered in Wilmington, Delaware.

6. MasTec

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada.

 It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; natural gas, crude oil, and refined product transport pipelines; electrical power generation, transmission, and distribution systems; power generation infrastructure, such as renewable energy; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure.

It also installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, and satellite dishes, as well as home automation and energy management solutions.

 In addition, the company offers maintenance and upgrade support services comprising maintenance of customers’ distribution facilities, networks, and infrastructure, including natural gas and petroleum pipeline, communications, electrical distribution and transmission, power generation, and heavy civil infrastructure; emergency services for accidents or storm damage; and routine replacements and upgrades to overhauls.

Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities.

The company was founded in 1929 and is headquartered in Coral Gables, Florida.

7. Sequans Communication

Sequans Communications S.A. develops and provides 5G and 4G chips and modules for massive, broadband, and critical Internet of Things (IoT) markets.

 For 5G/4G massive IoT applications, the company provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms featuring low power consumption, a set of integrated functionalities, and deployment capability.

For 5G/4G broadband and critical IoT applications, Sequans Communications S.A. offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms optimized for residential, enterprise, and industrial applications.

The company was founded in 2003 and is headquartered in Paris, France with additional offices in the United States, the United Kingdom, Israel, Hong Kong, Singapore, Taiwan, and South Korea.

8. Casa Systems

Casa Systems, Inc., a communications technology company, provides solutions for next-generation centralized, distributed, and virtualized architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa.

 It offers converged cable access platforms; wireless network core products, such as virtual evolved packet and 5G core products, and security and wireless gateways, as well as small cell solutions and fixed wireless access devices; and optical access solutions, virtualized broadband network gateway router and multiservice routers, fiber-to-the-distribution-point devices, and residential broadband gateways; and machine-to-machine and industrial internet of things routers.

The company was founded in 2003 and is headquartered in Andover, Massachusetts.

9. Inseego Corp.

Inseego Corp. engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions for large enterprise verticals, service providers, and small and medium-sized businesses worldwide.

The company provides wireless 3G, 4G, and 5G hardware products for vertical markets, including private LTE/5G networks, First responders network authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices.

Its products include 4G and 5G fixed wireless routers and gateways, and mobile hotspots, and wireless gateways and routers for IIoT applications, Gb speed 4G LTE hotspots and USB modems, integrated telematics, and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to analyze data insights and configure/manage their hardware remotely.

The company also sells software-as-a-service (SaaS), software, and services solutions in various mobile and industrial IoT vertical markets comprising fleet management, vehicle telematics, aviation telematics, usage-based insurance, stolen vehicle recovery, asset tracking, monitoring, business connectivity, and subscription management.

Its SaaS delivery platforms include Ctrack platforms, which provide fleet, vehicle, aviation, asset, and other telematics applications; and Device Management Solutions, a hosted SaaS platform that helps organizations in managing the selection, deployment, and spend of their wireless assets by helping them to save money on personnel and telecom expenses.

Inseego Corp. was founded in 1996 and is headquartered in San Diego, California.

10. Wireless Telecom

Wireless Telecom Group, Inc., together with its subsidiaries, designs, develops, manufactures, and markets radio frequency (RF) and microwave devices in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

The company operates in three segments: Network Solutions, Test and Measurement, and Embedded Solutions.

The Network Solutions segment designs and manufactures RF components and integrated subsystems, including low passive intermodulation radio frequency and microwave products used in small cell deployments, distributed antenna systems, in-building wireless solutions, and cellular base-stations.

This segment also provides power combiners, directional couplers, attenuators, terminators, and filters for broadband applications to support commercial in-building wireless networks, public safety networks, rail and transportation deployments, corrosive salt/fog environment build-outs, and global positioning system (GPS) signal distribution; and GPS digital repeaters and splitters for cellular timing synchronization, as well as a passive systems monitor for real-time diagnostics of an in-building distributed antenna system.

The Test and Measurement segment offers power meters, power sensors, voltmeters, and audio and modulation analyzers for radar, avionics, electronic warfare, electromagnetic interference compatibility, and satellite and wireless communications applications; and noise generation instruments, calibrated noise sources, noise modules, and diodes.

The Embedded Solutions segment provides embedded signal processing and radio frequency modules; and long term evolution physical layer and stack software for 4G and 5G mobile network applications.

The company markets its products under the Boonton, Microlab, Noisecom, and CommAgility brands through its in-house sales force, manufacturers’ representatives, and distributors.

 Wireless Telecom Group, Inc. was founded in 1985 and is headquartered in Parsippany, New Jersey.