2 Top-Ranked Under-the-Radar Tech Stocks to Buy for Huge Upside

Group 1: Market Overview - The stock market is currently under bullish control, with the S&P 500 and Nasdaq trading above their 21-day and 50-day moving averages after a significant two-week recovery [1] - Investors are optimistic about tech-driven earnings growth and potential interest rate cuts, with the Fed's July minutes indicating a dovish cycle starting at the next FOMC meeting [2] Group 2: Qualys (QLYS) - Qualys provides cloud-based cybersecurity, compliance, and IT solutions, serving a diverse customer base that includes enterprises and governments, which helps it remain resilient to spending patterns [3] - The company has faced challenges due to slowing sales outlook after years of double-digit revenue growth, with a projected sales increase of 8% in FY24 and FY25, reaching $649 million [5][6] - Qualys is expected to grow adjusted earnings by 6% in 2024 and 4% in 2025, with management providing positive EPS guidance following Q2 results [6] - Despite a 40% decline since late 2023, Qualys has seen a 395% increase over the past decade, outperforming the Zacks Tech sector [7] - The stock is currently trading at its lowest valuation in 10 years at 31.1X forward 12-month earnings, representing a 90% discount to its 10-year highs [8] Group 3: Celestica Inc. (CLS) - Celestica is a leader in design, manufacturing, and supply chain solutions, servicing various sectors including communications, aerospace, and healthcare technology [9][10] - The company expanded its revenue by 29% in 2022 and 10% in FY23, with projections of 19% revenue growth this year and 9% in 2025, reaching $10.28 billion [11] - Celestica is expected to achieve 50% adjusted EPS growth this year and 9% next year, following a strong performance in the previous four years [11][12] - The stock has increased by 685% over the past five years, significantly outperforming the tech sector, although it is currently trading 15% below its mid-July highs [13] - Celestica's stock is trading at a 43% discount to the wider Zacks Tech sector, at 15.6X forward 12-month earnings [14]