Pegasystems: Backlog Expansion Underpins Cheap Valuation (NASDAQ:PEGA)

Group 1 - The S&P 500 is near all-time highs, causing concern among investors regarding valuations [1] - A recommendation is made for gradual portfolio shifts away from large-cap tech stocks that have driven gains this year [1] - The analyst has extensive experience in technology companies and has been a contributor to Seeking Alpha since 2017 [1]