Ahead of the study's release, , was at the center of the investigation of the Chinese companies.

Some of the committee's concerns are legitimate, but details about true security concerns are lacking, said Will Stofega, program director of mobile device technology and trends at research firm IDC.

"If there are security issues what are they? Is there are backdoor on the router?" Stofega said.

The timing of the report is also interesting, considering Huawei is mulling an initial public offering in the U.S, Stofega said.

Additionally, the study may be an effort to protect U.S. networking companies like Cisco, Stofega said.