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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies44
  • 7D-8.5%
  • 3M-23.2%
  • 1Y-0.8%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has dropped 8.5%, driven by Shopify declining 15%. In contrast, DigitalOcean Holdings has gained 14%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

Has the U.S. Internet Services and Infrastructure Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026US$415.2bUS$41.7b-US$167,004,030.7250.7x-2486.1x10x
Tue, 06 Jan 2026US$510.7bUS$41.5b-US$264,975,242.7964.8x-1927.3x12.3x
Thu, 04 Dec 2025US$509.2bUS$41.2b-US$287,916,886.6057.3x-1768.5x12.4x
Sat, 01 Nov 2025US$581.1bUS$44.0bUS$492.3m96x1180.2x13.2x
Mon, 29 Sep 2025US$509.8bUS$43.7bUS$474.7m95.7x1073.8x11.7x
Wed, 27 Aug 2025US$464.0bUS$43.4bUS$349.9m115.7x1326.3x10.7x
Fri, 25 Jul 2025US$443.2bUS$36.5b-US$1,337,433,475.18120.9x-331.4x12.1x
Sun, 22 Jun 2025US$431.7bUS$36.5b-US$1,337,247,685.5489.9x-322.8x11.8x
Tue, 20 May 2025US$380.1bUS$35.9b-US$1,510,921,669.7180.3x-251.6x10.6x
Thu, 17 Apr 2025US$305.3bUS$38.9bUS$21.2m52.2x14419.7x7.8x
Sat, 15 Mar 2025US$307.5bUS$37.5bUS$335.9m86.3x915.4x8.2x
Mon, 10 Feb 2025US$361.6bUS$31.6b-US$1,872,156,108.08109.7x-193.2x11.4x
Wed, 08 Jan 2025US$320.0bUS$31.7b-US$1,752,767,572.5099.8x-182.6x10.1x
Fri, 06 Dec 2024US$330.2bUS$32.0b-US$1,466,659,196.4178x-225.2x10.3x
Sun, 03 Nov 2024US$241.1bUS$30.7b-US$1,524,063,058.2567.3x-158.2x7.8x
Tue, 01 Oct 2024US$236.7bUS$30.7b-US$1,681,089,247.4857.9x-140.8x7.7x
Thu, 29 Aug 2024US$229.4bUS$30.5b-US$1,728,050,942.4537.6x-132.8x7.5x
Sat, 27 Jul 2024US$232.5bUS$33.9b-US$1,619,919,441.6624.3x-143.5x6.9x
Mon, 24 Jun 2024US$232.9bUS$33.9b-US$1,621,115,172.5221.6x-143.6x6.9x
Wed, 22 May 2024US$252.0bUS$33.5b-US$1,602,299,273.6123x-157.3x7.5x
Fri, 19 Apr 2024US$240.7bUS$28.6b-US$3,374,065,738.6655.7x-71.3x8.4x
Sun, 17 Mar 2024US$259.6bUS$28.6b-US$2,609,107,693.2429.7x-99.5x9.1x
Tue, 13 Feb 2024US$316.6bUS$27.6b-US$3,999,086,840.5518.8x-79.2x11.5x
Thu, 11 Jan 2024US$286.4bUS$29.0b-US$3,575,217,791.0020.4x-80.1x9.9x
Sat, 09 Dec 2023US$268.4bUS$29.0b-US$3,576,301,027.0020.6x-75x9.3x
Mon, 06 Nov 2023US$231.6bUS$28.3b-US$4,129,866,630.0021.7x-56.1x8.2x
Wed, 04 Oct 2023US$223.1bUS$27.7b-US$4,958,151,865.0020.3x-45x8x
Fri, 01 Sep 2023US$245.8bUS$27.6b-US$5,027,223,766.0020.6x-48.9x8.9x
Sun, 30 Jul 2023US$243.1bUS$27.5b-US$5,295,473,230.0020x-45.9x8.8x
Tue, 27 Jun 2023US$238.8bUS$27.4b-US$5,236,337,234.0018.9x-45.6x8.7x
Thu, 25 May 2023US$227.0bUS$27.0b-US$5,369,255,874.0016.9x-42.3x8.4x
Sat, 22 Apr 2023US$209.6bUS$31.1b-US$8,344,466,347.0024.2x-25.1x6.7x
Mon, 20 Mar 2023US$197.1bUS$31.2b-US$8,399,475,689.0022x-23.5x6.3x
Wed, 15 Feb 2023US$217.7bUS$30.0b-US$7,980,882,842.0027.2x-27.3x7.2x
Price to Earnings Ratio

-27.3x


Total Market Cap: US$217.7bTotal Earnings: -US$7,980,882,842.00Total Revenue: US$30.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1775.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Internet Services and Infrastructure industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 9.3x.
Past Earnings Growth
  • The earnings for companies in the Internet Services and Infrastructure industry have improved over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Comparison

How does U.S. Internet Services and Infrastructure compare with similar industries?

US Market-0.071%
Tech-1.49%
IT-6.90%
Internet Services and Infrastructure-8.54%
IT Consulting-5.54%
Data Processing Services-7.96%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DOCN DigitalOcean HoldingsUS$62.9213.9%
+US$701.7m		40.5%PE22.9x
OKTA OktaUS$86.742.7%
+US$400.5m		-10.6%PE78.8x
GDS GDS HoldingsUS$46.484.0%
+US$358.7m		70.4%PE55.5x
APLD Applied DigitalUS$34.953.2%
+US$299.2m		348.7%PS37x
VNET VNET GroupUS$11.206.4%
+US$180.2m		24.4%PS2.2x

Latest News

GDS
US$46.48
GDS Holdings
7D
4.0%
1Y
70.4%
VRSN
US$224.17
VeriSign
7D
-8.2%
1Y
1.3%
SNOW
US$168.43
Snowflake
7D
-12.6%
1Y
-8.5%

SNOW: OpenAI Partnership And AI Demand Will Drive Future Platform Adoption

Narrative Update: Snowflake Analysts have lifted their fair value estimate for Snowflake to US$366.83 from US$334.94. This reflects updated assumptions for slightly lower revenue growth, a modestly reduced discount rate, a higher future P/E multiple, and increased AI consumption potential tied to Snowflake's new US$200m partnership with OpenAI and broader AI focused research commentary.
VNET
US$11.20
VNET Group
7D
6.4%
1Y
24.4%

VNET: Higher 2025 Guidance Will Likely Not Justify Rich Earnings Multiple

Analysts have lifted their price target for VNET Group to US$6.51 from US$5.74, reflecting updated assumptions that combine a slightly higher discount rate, lower projected revenue growth, improved profit margins, and a reduced future P/E of about 29x compared with roughly 98x previously. What's in the News VNET Group raised its earnings guidance for the full year 2025, signaling updated expectations for its financial performance.
WIX
US$75.42
Wix.com
7D
-13.2%
1Y
-65.8%

Wix.com Ltd. (NASDAQ:WIX) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless

Feb 06
Wix.com Ltd. (NASDAQ:WIX) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless
CRWV
US$89.95
CoreWeave
7D
-3.5%
1Y
n/a
DOCN
US$62.92
DigitalOcean Holdings
7D
13.9%
1Y
40.5%

DOCN: AI Partnerships And 2026 Software Setup Will Shape A Measured Outlook

Analysts have raised their fair value target for DigitalOcean to about US$56.17 from US$54, reflecting updated views on discount rates, long term revenue growth, profit margins and future P/E multiples in light of recent price target increases from major firms. Analyst Commentary Recent research updates on DigitalOcean reflect a mix of optimism on the setup for software names in 2026 and ongoing questions about execution and valuation risk.
APLD
US$34.95
Applied Digital
7D
3.2%
1Y
348.7%

APLD: Long-Term Hyperscale Leases And Power Access Will Support Future AI Demand

Analysts have lifted their price target for Applied Digital by about US$1.57, citing stronger expected revenue growth, updated discount rate assumptions, and higher implied future P/E multiples, tempered by more conservative profit margin expectations and increased confidence in hyperscaler leasing momentum and AI infrastructure demand. Analyst Commentary Recent Street research on Applied Digital has been broadly constructive, with multiple firms updating price targets and initiating coverage around the company’s AI focused data center and hyperscaler leasing story.
NET
US$173.21
Cloudflare
7D
-2.3%
1Y
3.9%

NET: AI And Security Hype Will Likely Outrun Near Term Execution

Analysts slightly raised their Cloudflare fair value estimate to about $133 per share, citing updated price targets that reflect growing interest in its role in AI infrastructure and security, even as some firms recently trimmed their official targets. Analyst Commentary Recent research opinions on Cloudflare present a mixed picture, with some firms pointing to AI infrastructure and security as important demand drivers, while others are growing more cautious about how much of that potential is already reflected in the share price.
MDB
US$344.35
MongoDB
7D
-7.3%
1Y
23.9%

MDB: AI Workloads And Cloud Recurring Revenue Will Support Future Leadership Transition

Our updated fair value estimate for MongoDB moves to $525 from $550, as analysts factor in expectations for higher long term revenue growth, a richer future P/E multiple, and a lower discount rate, partially offset by more conservative profit margin assumptions. Analyst Commentary Recent Street research has generally tilted positive on MongoDB, with a series of higher price targets and reaffirmed positive ratings.
TWLO
US$115.02
Twilio
7D
-4.5%
1Y
-21.0%

TWLO: Fair Outlook Balances Raised Expectations With Execution And Conviction Risks

Analysts have lifted their fair value estimate for Twilio to US$100.00 from US$85.91, citing updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple, even as some firms adjust their conviction lists around the name. Analyst Commentary The latest research around Twilio reflects a mix of optimism on long term fundamentals and pockets of caution on execution and valuation.
SHOP
US$112.05
Shopify
7D
-14.6%
1Y
-4.6%

SHOP: AI Efficiencies And Q4 Execution Will Support Higher Earnings Power

The analyst fair value estimate for Shopify has increased from US$200 to about US$218, reflecting updated assumptions on revenue growth, profitability and future P/E following recent research highlighting Q4 fundamentals, AI driven operating leverage and a series of price target revisions and rating changes across the Street. Analyst Commentary Street research around Shopify has skewed constructive, with several bullish analysts revisiting their models and resetting price targets and ratings after recent earnings and product updates.
OKTA
US$86.74
Okta
7D
2.7%
1Y
-10.6%
DTST
US$4.81
Data Storage
7D
7.6%
1Y
13.7%