Scripting would be used to do this right?
if(!ping()) {
device.OutletAction(1, "off")
device.OutletAction(1, "on")
}I think you could accomplish this with the $25 TP Link wifi plugs. You can either set a schedule to turn off and on at a set time, or set something like a 2 minute timer to turn the plug on, then go back and manually turn it off.
On edit, I guess it helps to read the whole thread before posting 
Yes, though it does have functionality to automatically ping and recycle devices too on its own.
http://www.digital-loggers.com/autoping.html
The internal scripting allows you to do more advanced use cases.
I’d prefer to not reboot unless I have an issue. I am talking about servers, router, access points…
I built something to do a power cycle only when there’s no internet connectivity. I posted it on the Wemo site here http://community.wemo.com/t5/How-Did-You-WEMO-That-Read-Only/Resetting-network-devices-when-the-internet-is-down/m-p/35757#U35757. Check it out.
Clever solution! 
This may do the trick https://www.logmor.com/product/cellular-controled-power-outlet/