Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Internet Services and Infrastructure Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies44
  • 7D-18.0%
  • 3M-25.7%
  • 1Y-3.4%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has dropped 18%, driven by Shopify declining 23%. However, the industry is down 3.4% over the past year. Earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026US$401.7bUS$41.7b-US$167,010,488.7747.5x-2405.3x9.6x
Mon, 05 Jan 2026US$494.1bUS$41.5b-US$264,936,005.0362.6x-1865.1x11.9x
Wed, 03 Dec 2025US$504.8bUS$41.1b-US$314,866,010.8961.1x-1603.3x12.3x
Fri, 31 Oct 2025US$592.9bUS$43.7bUS$431.1m92.2x1375.4x13.6x
Sun, 28 Sep 2025US$509.8bUS$43.7bUS$474.7m95.7x1073.8x11.7x
Tue, 26 Aug 2025US$468.3bUS$43.4bUS$349.8m115.7x1338.8x10.8x
Thu, 24 Jul 2025US$446.1bUS$36.5b-US$1,337,228,270.57124.1x-333.6x12.2x
Sat, 21 Jun 2025US$431.7bUS$36.5b-US$1,337,247,685.5489.9x-322.8x11.8x
Mon, 19 May 2025US$380.1bUS$35.9b-US$1,511,196,551.8381.7x-251.5x10.6x
Wed, 16 Apr 2025US$304.0bUS$38.9bUS$21.6m55.6x14068.8x7.8x
Fri, 14 Mar 2025US$321.7bUS$37.4bUS$336.7m89.2x955.4x8.6x
Sun, 09 Feb 2025US$361.6bUS$31.6b-US$1,872,156,108.08109.7x-193.2x11.4x
Tue, 07 Jan 2025US$312.1bUS$31.7b-US$1,753,940,722.26106.7x-177.9x9.9x
Thu, 05 Dec 2024US$320.3bUS$32.0b-US$1,466,079,446.9976.4x-218.5x10x
Sat, 02 Nov 2024US$239.8bUS$30.8b-US$1,524,062,468.9867.3x-157.3x7.8x
Mon, 30 Sep 2024US$236.7bUS$30.7b-US$1,682,244,582.8456.4x-140.7x7.7x
Wed, 28 Aug 2024US$231.6bUS$30.4b-US$1,769,727,195.5836.9x-130.8x7.6x
Fri, 26 Jul 2024US$228.9bUS$33.9b-US$1,623,045,093.6624x-141x6.8x
Sun, 23 Jun 2024US$232.9bUS$33.9b-US$1,621,115,172.5221.6x-143.6x6.9x
Tue, 21 May 2024US$250.9bUS$33.5b-US$1,602,883,426.9623.1x-156.5x7.5x
Thu, 18 Apr 2024US$241.6bUS$28.6b-US$3,373,975,510.4257.7x-71.6x8.5x
Sat, 16 Mar 2024US$264.7bUS$28.6b-US$2,609,107,693.2429.7x-101.4x9.3x
Mon, 12 Feb 2024US$321.0bUS$27.7b-US$4,001,913,381.7218.8x-80.2x11.6x
Wed, 10 Jan 2024US$286.4bUS$29.0b-US$3,577,043,240.0020.4x-80.1x9.9x
Fri, 08 Dec 2023US$266.8bUS$29.0b-US$3,577,566,192.0020.5x-74.6x9.2x
Sun, 05 Nov 2023US$231.6bUS$28.3b-US$4,129,866,630.0021.7x-56.1x8.2x
Tue, 03 Oct 2023US$224.7bUS$27.7b-US$4,958,151,865.0020.5x-45.3x8.1x
Thu, 31 Aug 2023US$234.1bUS$27.4b-US$5,127,220,426.0020.9x-45.7x8.5x
Sat, 29 Jul 2023US$243.1bUS$27.5b-US$5,295,473,024.0020x-45.9x8.8x
Mon, 26 Jun 2023US$243.2bUS$27.5b-US$5,240,667,562.0018.8x-46.4x8.9x
Wed, 24 May 2023US$224.5bUS$27.0b-US$5,369,588,711.0017.2x-41.8x8.3x
Fri, 21 Apr 2023US$207.2bUS$31.1b-US$8,346,029,789.0024.1x-24.8x6.7x
Sun, 19 Mar 2023US$197.1bUS$31.2b-US$8,399,475,689.0022x-23.5x6.3x
Tue, 14 Feb 2023US$210.8bUS$30.0b-US$7,981,136,528.0027.3x-26.4x7x
Price to Earnings Ratio

-26.4x


Total Market Cap: US$210.8bTotal Earnings: -US$7,981,136,528.00Total Revenue: US$30.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1773x202420252026
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-2.98%
Tech-6.82%
IT-12.84%
Internet Services and Infrastructure-17.97%
Data Processing Services-8.30%
IT Consulting-8.31%
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

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

GDS: 2025 Leasing And 2026 Installs Will Support Earnings Upside

Narrative Update The analyst price target for GDS Holdings is adjusted to US$68.63 from US$63.03 as analysts factor in higher modeled revenue growth, improved profit margins, a lower discount rate, and a reduced future P/E assumption supported by recent Street research that includes mixed 3Q25 results with maintained 2025 guidance and a new Outperform initiation. Analyst Commentary Bullish analysts are signaling constructive sentiment on GDS Holdings, even where price targets are adjusted, with the focus staying on execution against guidance and long term growth potential.
VNET
US$11.20
VNET Group
7D
6.4%
1Y
24.4%

VNET: Private REIT Project Will Support Future Data Center Expansion

Analysts have nudged their price target on VNET Group higher, lifting fair value from about US$14.74 to roughly US$15.07, citing updated assumptions for revenue growth, profit margins and future P/E levels. What's in the News VNET Group raised its full year 2025 earnings guidance, with total net revenues now expected in the range of RMB 9,550m to RMB 9,867m, described as representing 16% to 19% year over year growth (Key Developments).
DTST
US$4.81
Data Storage
7D
7.6%
1Y
13.7%