Amid the ongoing volatility, investors may consider adding Flex Ltd FLEX stock to their investment portfolio to benefit from its solid fundamentals and growth prospects. The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.FLEX has a VGM Score of A. Per Zacks’ proprietary methodology, stocks with the combination of a Zacks Rank #1 or #2 and a VGM Score of A or B offer solid investment opportunities.Flex has an impressive earnings surprise history. The company outpaced estimates in each of the trailing four quarters, delivering an average earnings surprise of 18.5%. The stock has long-term earnings per share growth expectation of 12.8%.The Zacks Consensus Estimate for fiscal 2023 earnings of $2.28 per share suggests growth of approximately 16.3% from the year-ago period. The estimate has been revised upward by 5.6% over the past 60 days. For fiscal 2024, the consensus mark for earnings is pegged at $2.42 per share, up 5.9% year over year. The estimate has been revised upward by 2.1% over the past 60 daysFor revenues, the Zacks Consensus Estimate for fiscal 2023 is pegged at $29.6 billion, indicating an increase of 13.5% year over year. For fiscal 2024, the consensus mark is pegged at $30.3 billion, up 2.5%.The stock has proved to be more resilient to volatility than the Zacks sub-industry it belongs to. In the past year, FLEX has lost 15.5% compared with a 43.4% decline of the Zacks sub-industry.Image Source: Zacks Investment ResearchStrong Fundamental DriversBased in Singapore, Flex provides supply chain, technology innovation and manufacturing solutions to various industries across several end markets. The company is witnessing strong demand in the automotive and industrial sectors as well as continued strength in customer backlog. The company’s healthcare segment is being driven by strong demand for elective procedures as well as a continued ramp-up in large medical device programs.FLEX is investing in high-growth markets like next-generation mobility, digital healthcare, cloud expansion, robotics, smart living and automation, among others. This bodes well for the long haul.Driven by strong second-quarter fiscal 2023 results, Flex raised its revenue outlook for fiscal 2023. It now expects revenues between $29.1 billion and $30.1 billion compared with the earlier guidance of $28.4 billion and $29.4 billion.However, the company’s performance is being affected by semiconductor shortages. The lack of panel availability continues to weigh on the Nextracker segment’s performance. Stiff competition, supply-chain issues, uncertainties in the global macroeconomic environment and leveraged balance sheet are headwinds.Other Stocks to ConsiderSome other top-ranked stocks from the broader technology space are Arista Networks ANET, Blackbaud BLKB and Jabil JBL. Arista Networks and Jabil currently sport a Zacks Rank #1, while Blackbaud carries a Zacks Rank #2.The Zacks Consensus Estimate for Arista Networks’ 2022 earnings is pegged at $4.35 per share, up 7.7% in the past 60 days. The long-term earnings growth rate is anticipated at 17.5%.Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have increased 5.5% in the past year.The Zacks Consensus Estimate for Blackbaud’s 2022 earnings is pegged at $2.59 per share, up 1.6% in the past 60 days. The long-term earnings growth rate is anticipated at 4%.Blackbaud’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.9%. Shares of BLKB have declined 28.4% in the past year.The Zacks Consensus Estimate for Jabil’s fiscal 2023 earnings is pegged at $8.18 per share, rising 3.8% in the past 60 days. The long-term earnings growth rate is anticipated at 12%.Jabil’s earnings beat the Zacks Consensus Estimate in three of the last four quarters, the average being 9.3%. Shares of JBL have increased 14.2% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Jabil, Inc. (JBL): Free Stock Analysis Report Flex Ltd. (FLEX): Free Stock Analysis Report Blackbaud, Inc. (BLKB): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research