Democrats winning the US midterms has raised the prospect of tighter rules on data centres and some American tech giants. That kind of policy risk can push attention toward Canadian technology stocks that look cheap on traditional yardsticks. Investors hunting for mispriced growth stories now have a reason to look closer. This article highlights three Canadian tech stocks that screens flag as undervalued right now.
The three stocks below are just a sample, as the full screen surfaced 12 more Canadian tech companies with similarly compelling stories that are not covered here. To identify potential opportunities across software, hardware, and semiconductor players that currently screen as undervalued, go straight to the Undervalued Tech screener.
Overview: Evertz Technologies designs and sells hardware and software that power professional video and audio production, broadcast, and telecommunications workflows worldwide.
Operations: Evertz generates about CA$521.9 million from television broadcast equipment, with roughly CA$351.8 million from the United States, CA$153.6 million internationally, and CA$16.5 million in Canada.
Market Cap: CA$1.0b
Evertz Technologies fits the Undervalued Tech theme through its IP-based broadcast infrastructure, where specialist hardware and software sit at the center of professional video workflows.
The continued shift toward IP, IT and cloud-based video architectures, reflected in recurring and project-based software and services revenue of $240.7 million in fiscal 2026 and $58.9 million in Q1 fiscal 2027 at roughly half of total sales, supports a mix shift toward higher margin offerings that can lift Evertz Technologies gross margin and earnings over time.
For investors, what happens when this mix evolution collides with one quieter constraint could be a key factor for future returns.
That quieter constraint is exactly what the full narrative unpacks, so read the full narrative for Evertz Technologies to see how Evertz Technologies’ mix shift could reshape its trajectory.
TSX:ET Earnings & Revenue History as at Nov 2026
Overview: Celestica provides hardware platform solutions, electronics manufacturing, and end to end supply chain services for OEMs and cloud providers, including hyperscalers.
Operations: Celestica generates about $3.4b from Advanced Technology Solutions and roughly $14.8b from Connectivity & Cloud Solutions.
Market Cap: CA$45.8b
Celestica matters for an Undervalued Tech screen because its Connectivity and Cloud Solutions arm is closely integrated with hyperscaler and AI data center buildouts.
Accelerated demand for advanced networking and AI infrastructure by hyperscaler customers is now flowing through Celestica’s CCS outlook, with management guiding to approximately 85% CCS revenue growth in 2026 and expecting companywide revenue growth to accelerate further in 2027, which can support higher operating leverage and earnings.
What happens if the heavy capital spend behind that buildout meets a shift in one crucial customer commitment is what really decides the margin story.
If that commitment really is the hinge, read the full narrative for Celestica to see how hyperscaler demand, contract risk and valuation pressures are all colliding.
TSX:CLS Earnings & Revenue Growth as at Nov 2026
Overview: CGI provides global IT consulting, cloud and AI systems integration, and managed services that modernize clients’ technology stacks and business operations.
Operations: CGI generates roughly CA$20.5b in revenue, led by Western and Southern Europe at CA$3.0b, U.S. commercial and state clients at CA$2.5b, and U.S. federal work at CA$2.1b, with meaningful contributions from Canada and the U.K. and Australia segments.
Market Cap: CA$23.2b
CGI taps directly into the Undervalued Tech theme through its cloud migration, AI integration, and automation work that reshapes how large organisations run critical systems.
The ongoing acceleration in digital transformation initiatives, particularly in cloud migration, AI-driven automation and data analytics, continues to boost client demand for CGI’s managed services and proprietary IP across both public and private sectors.
What happens if one pressure on those long term contracts shifts at the same time as clients lean harder into AI rich deals?
When those contract pressures and AI rich deals intersect, the full narrative for CGI shows how CGI’s mix, pricing power and risk profile could be quietly shifting in investors’ favour.
TSX:GIB.A Earnings & Revenue Growth as at Nov 2026
Seeking Alternatives Before The Crowd?
Fresh ideas move first, not last. Some stocks build quiet momentum while attention is elsewhere. Before these stories get caught by the crowd and pricing shifts, consider your options early.
This article is general in nature and was produced with the assistance of AI automation, based on data and analysis from Simply Wall St. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
