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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies41
  • 7D-1.6%
  • 3M-0.8%
  • 1Y53.6%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has dropped 1.6%, driven by CoreWeave declining 12%. Over the past 12 months, the industry was up 54%. As for the next few years, earnings are expected to grow by 31% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025US$510.1bUS$41.5b-US$258,037,319.4065.2x-1976.9x12.3x
Thu, 27 Nov 2025US$492.5bUS$41.0b-US$322,867,527.4263.9x-1525.4x12x
Sat, 25 Oct 2025US$558.0bUS$43.7bUS$431.4m93.5x1293.4x12.8x
Mon, 22 Sep 2025US$537.3bUS$43.9bUS$398.9m98x1347.1x12.2x
Wed, 20 Aug 2025US$473.2bUS$43.2bUS$359.4m117.8x1316.9x10.9x
Fri, 18 Jul 2025US$443.6bUS$36.5b-US$1,336,542,732.04120.9x-331.9x12.2x
Sun, 15 Jun 2025US$414.3bUS$36.5b-US$1,336,977,212.0389.4x-309.9x11.4x
Tue, 13 May 2025US$323.9bUS$35.2b-US$1,302,974,771.9875.3x-248.6x9.2x
Thu, 10 Apr 2025US$282.7bUS$38.9b-US$5,505,962.1460.7x-51337.9x7.3x
Sat, 08 Mar 2025US$337.2bUS$37.4b-US$629,422.6172.6x-535721.9x9x
Mon, 03 Feb 2025US$347.1bUS$31.7b-US$1,902,253,303.65109.1x-182.4x10.9x
Wed, 01 Jan 2025US$302.5bUS$31.7b-US$1,757,106,790.3299.3x-172.2x9.6x
Fri, 29 Nov 2024US$315.8bUS$32.0b-US$1,564,580,690.65106.5x-201.8x9.9x
Sun, 27 Oct 2024US$240.3bUS$30.7b-US$1,656,263,720.0167x-145.1x7.8x
Tue, 24 Sep 2024US$234.0bUS$30.7b-US$1,675,121,051.6960.8x-139.7x7.6x
Thu, 22 Aug 2024US$235.8bUS$30.2b-US$1,677,868,021.2237.4x-140.6x7.8x
Sat, 20 Jul 2024US$237.3bUS$33.9b-US$1,616,357,367.4322.9x-146.8x7x
Mon, 17 Jun 2024US$235.7bUS$33.9b-US$1,622,053,982.0421.7x-145.3x7x
Wed, 15 May 2024US$247.2bUS$33.5b-US$1,596,677,570.2622.7x-154.9x7.4x
Fri, 12 Apr 2024US$252.0bUS$28.5b-US$3,318,454,372.9067x-75.9x8.8x
Sun, 10 Mar 2024US$265.9bUS$28.6b-US$2,609,903,434.9730.7x-101.9x9.3x
Tue, 06 Feb 2024US$289.6bUS$27.6b-US$4,017,385,144.6518.2x-72.1x10.5x
Thu, 04 Jan 2024US$268.7bUS$29.0b-US$3,576,988,141.0020.4x-75.1x9.3x
Sat, 02 Dec 2023US$269.9bUS$28.8b-US$3,582,392,409.0020.6x-75.3x9.4x
Mon, 30 Oct 2023US$202.4bUS$27.7b-US$4,957,052,079.0021.5x-40.8x7.3x
Wed, 27 Sep 2023US$214.6bUS$27.7b-US$4,957,596,827.0020.6x-43.3x7.7x
Fri, 25 Aug 2023US$221.0bUS$27.4b-US$5,128,618,800.0020.7x-43.1x8.1x
Sun, 23 Jul 2023US$248.5bUS$27.5b-US$5,292,733,992.0019.9x-47x9x
Tue, 20 Jun 2023US$250.2bUS$27.5b-US$5,244,908,869.0018.8x-47.7x9.1x
Thu, 18 May 2023US$224.9bUS$27.4b-US$5,315,424,320.0019x-42.3x8.2x
Sat, 15 Apr 2023US$205.6bUS$31.1b-US$8,346,949,190.0024.6x-24.6x6.6x
Mon, 13 Mar 2023US$188.0bUS$31.0b-US$8,243,955,918.0021.5x-22.8x6.1x
Wed, 08 Feb 2023US$211.6bUS$30.0b-US$8,004,147,966.0027.3x-26.4x7.1x
Fri, 06 Jan 2023US$165.7bUS$29.9b-US$7,995,874,938.0026.2x-20.7x5.5x
Price to Earnings Ratio

-20.7x


Total Market Cap: US$165.7bTotal Earnings: -US$7,995,874,938.00Total Revenue: US$29.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1679.9x20242025
Current Industry PE
  • Investors are optimistic on the American Internet Services and Infrastructure industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 9.1x is lower than the industry's current PS ratio of 12.3x.
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-0.18%
Tech-0.17%
IT-0.53%
Internet Services and Infrastructure-1.56%
IT Consulting0.39%
Data Processing Services0.17%
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
WIX Wix.comUS$104.980.3%
+US$14.8m		-51.1%PE41.3x
DOCN DigitalOcean HoldingsUS$49.340.3%
+US$11.9m		44.4%PE17.9x
VNET VNET GroupUS$8.640.3%
+US$8.1m		82.3%PS1.7x
VRSN VeriSignUS$245.150.03%
+US$6.5m		18.5%PE28x
TCX TucowsUS$22.091.6%
+US$3.9m		28.9%PS0.6x

Latest News

OKTA
US$88.08
Okta
7D
-3.1%
1Y
10.6%
SNOW
US$222.90
Snowflake
7D
-1.0%
1Y
44.4%

SNOW: Rising AI Hype Will Likely Expose Fragile Premium Multiple

Our fair value estimate for Snowflake has increased by approximately $12 per share to about $198, as analysts point to higher Street price targets driven by robust AI fueled demand, stronger second half 2025 expectations, and growing conviction in the company’s long term revenue scale and earnings power. Analyst Commentary Recent Street research has turned incrementally more constructive on Snowflake, with multiple firms lifting price targets into the $295 to $325 range and reiterating positive ratings.
VNET
US$8.64
VNET Group
7D
0.3%
1Y
82.3%

VNET: Private REIT Will Fund Expansion And Strengthen Future Data Center Position

Analysts have nudged their price target on VNET Group slightly higher, now implying a fair value of approximately 14.74 dollars versus 14.69 dollars previously. They cite modestly stronger expectations for revenue growth, profitability, and a marginally lower future price to earnings multiple.
DOCN
US$49.34
DigitalOcean Holdings
7D
0.3%
1Y
44.4%

DOCN: AI Partnership And Takeover Buzz Will Drive Bullish Rerating

Analysts have raised their fair value estimate for DigitalOcean Holdings from 55 dollars to 65 dollars, citing expectations of faster revenue growth and a richer future earnings multiple, despite modeling lower long term profit margins and a slightly reduced discount rate. What's in the News Speculation about a potential takeover surfaced after the Betaville blog flagged DigitalOcean as a possible bid target, drawing trader attention to the stock (Betaville via The Fly).
WIX
US$104.98
Wix.com
7D
0.3%
1Y
-51.1%

WIX: Elevated AI And Base44 Investment Will Drive Long-Term Monetization Potential

Analysts have trimmed their fair value estimate for Wix.com to $164.00 from $167.15, citing lowered Street price targets amid higher near term AI and Base44 investment pressure on margins, even as they remain constructive on the company’s long term AI led growth and monetization potential. Analyst Commentary Bullish analysts highlight that Wix.com continues to deliver accelerating bookings and revenue growth, underpinned by strong new cohort momentum and outperformance from Base44 despite near term margin pressure.
APLD
US$24.81
Applied Digital
7D
-4.9%
1Y
224.7%

APLD: Long-Term Hyperscale Power Access Will Drive Future AI Leasing Demand

Analysts have lifted their average price target on Applied Digital to about $40 from roughly $23, citing the validation of its hyperscale data center strategy through the $11B CoreWeave contract, stronger than expected Q1 results, and a growing multi-gigawatt AI infrastructure pipeline supported by robust financing. Analyst Commentary Bullish analysts emphasize that Applied Digital is emerging as a key beneficiary of the accelerating shift toward AI infrastructure, with recent sector transactions underscoring the strategic value of power access and scalable data center capacity.
VRSN
US$245.15
VeriSign
7D
0.03%
1Y
18.5%

VRSN: Strong Q3 Execution Will Support Confidence Amid Parked Domain Advertising Headwinds

Analysts have modestly reduced their price target on VeriSign, trimming expectations by about $15 to reflect updated modeling around AdSense exposure. They continue to view recent Q3 results and management commentary as supportive of a constructive long term outlook.
AKAM
US$88.24
Akamai Technologies
7D
-2.1%
1Y
-7.7%
MDB
US$423.14
MongoDB
7D
-3.2%
1Y
81.8%

MongoDB, Inc.'s (NASDAQ:MDB) 26% Share Price Surge Not Quite Adding Up

Dec 19
MongoDB, Inc.'s (NASDAQ:MDB) 26% Share Price Surge Not Quite Adding Up
SHOP
US$167.88
Shopify
7D
-1.1%
1Y
57.4%

SHOP: AI Partnerships And Margin Expansion Will Drive Measured Upside Into 2025

Analysts have nudged our Shopify price target higher to approximately $175, up modestly from about $170. This reflects slightly faster expected profit margin expansion and durable post Q3 growth momentum that they believe supports the stock's premium valuation.
TCX
US$22.09
Tucows
7D
1.6%
1Y
28.9%

The Market Doesn't Like What It Sees From Tucows Inc.'s (NASDAQ:TCX) Revenues Yet

Dec 16
The Market Doesn't Like What It Sees From Tucows Inc.'s (NASDAQ:TCX) Revenues Yet
NET
US$200.70
Cloudflare
7D
-0.7%
1Y
84.1%

NET: Elevated Expectations Will Likely Amplify Downside Risk From Future Outages

The analyst price target for Cloudflare has been raised from approximately $116 to about $135 per share, as analysts point to accelerating revenue growth, strong Q3 execution, and Cloudflare's strengthening position across AI, security, and SASE as key drivers supporting a higher fair value, despite modestly higher risk assumptions. Analyst Commentary Street research following Cloudflare's latest quarterly report has skewed positive, with multiple firms lifting price targets on the back of accelerating revenue growth and stronger than expected execution.
CRWV
US$74.92
CoreWeave
7D
-11.7%
1Y
n/a
DTST
US$5.08
Data Storage
7D
1.0%
1Y
21.5%