You don't need big bucks to cash in on the red hot technology sector. Even though today's news headlines are plastered with companies like Facebook, Apple, Amazon, and Alphabet (stocks whose shares trade for at least $100 and up to over $700 a share), there are a handful of tech companies trading for a fraction of the price that pack greater potential for individual investors.

Now, of course, these cheaper stocks are more risky and do not provide such steady dividend yield as the industry leaders. But, nonetheless, a tech stock trading below $10 a share could offer investors 35%, 50%, even 100% gain potential. And these days, there is not a day that goes by when certain stocks trading below $10 don't experience large spikes higher. Here is a list of stocks under $10 for investors to keep an eye on.

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1. Sirius XM Radio (SIRI) - Get Report

SiriusXM stands alone as the top dog -- only dog! -- in the satellite radio arena. This stock has been one of the market's biggest gainers over the last several years posting an astounding 7,820% gain after bottoming out at $0.05 a share in 2009.

It was once a fear that satellite radio would be a technology that would quickly fade away as newer tech hit the market. And that almost came true when SiriusXM nearly filed for bankruptcy over six years ago. But, the Company has since posted 19 consecutive quarters of positive earnings and reported an estimated 29.6 million users in 2015. In fact, 2015 was the company's largest subscriber growth year since 2007. SiriusXM saw 30% net new subscriber growth in 2015 versus 2014 and is expected to gain an additional 1.4 million new subscribers this year.

For the full year 2015, SiriusXM reported record revenue of $4.57 billion, up 9%, record adjusted EBITDA of $1.66 billion, up 13%, and earnings of $510 million, up 3%. Trading at just 24-times forward earnings and given the company's ability to scale its subscriber base and generate new revenue streams, SiriusXM is a strong value play at the current price level.

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Looking for even more upside? Here's a tech stock to consider

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2. Nokia (NOK) - Get Report

The Finnish telecommunications company recently announced it will be returning to the smartphone and tablet market through a licensing deal with HMD Global Oy. HMD plans to invest more than $500 million and has exclusive use of the Nokia brand on mobile phones and tablets globally for the next ten years. Nokia won't have a financial stake in the licensing deal, but rather will receive fees for brand licensing and international property.

Annette Zimmermann, a smartphone analyst at Gartner, told Bloomberg, "It's going to take more than a well-known brand name in this competitive market." She continued, "To shake up the market and offer something that excites the fickle market will be difficult."

Although Nokia's stock has not fared well as of late, the Company boasts strong revenue growth, increasing profit margins, and an overall solid financial position. BMO Capital Markets maintains an Outperform rating while Morningstar maintains a "Buy" rating on the stock.

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Looking for even more upside? Here's a tech stock to consider.

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3. Square Inc. (SQ) - Get Report

Square was trading below $10 until just a day ago when it popped to $10.14. The Company has seen its stock slide since its IPO last year partly due to a larger-than-expected loss in its most recent quarterly earnings report. Still, the company has many positive things that could send its share price headed back north.

Software and data product revenue has been surging for Square as it generates revenue from ancillary services like Square Capital and Caviar. The Company argues that it's not just a payments processor, but rather a small business ecosystem. Square uses credit card processing to lure small businesses into its system, and then upsells higher-margin services. Revenue from this area of business grew by 197% last quarter compared to the same period last year.

Square is also making a big push into near-field-communication-based mobile payments such as Alphabet's Android Pay. The Company launched its NFC-compatible reader fourth quarter of last year. This should help Square clients process a much greater number of transactions adding to transaction revenue. If Square can establish itself as the go-to solution for mobile payments, it could dramatically expand its client base.

Alphabet is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells GOOGL? Learn more now.

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Looking for even more upside? Here's a tech stock to consider.

This article is commentary by an independent contributor. At the time of publication, the author held ZERO positions in the stocks mentioned.