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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies38
  • 7D2.2%
  • 3M-16.3%
  • 1Y39.2%
  • YTDn/a

In the last week, the Internet Services and Infrastructure industry is up 1.8%, with CoreWeave leading the way, up 10%. This means that the industry has gained 48% over the past year. As for the next few years, earnings are expected to grow by 26% 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
Thu, 09 Apr 2026US$425.0bUS$44.6b-US$1,072,082,487.7759.8x-396.4x9.5x
Sat, 07 Mar 2026US$439.2bUS$44.4b-US$1,090,928,999.1554.6x-402.6x9.9x
Mon, 02 Feb 2026US$455.0bUS$41.7b-US$167,466,206.9259.9x-2717.2x10.9x
Wed, 31 Dec 2025US$503.7bUS$41.5b-US$257,246,040.1165.3x-1958x12.1x
Fri, 28 Nov 2025US$495.1bUS$41.0b-US$322,848,471.7863.9x-1533.5x12.1x
Sun, 26 Oct 2025US$573.4bUS$43.7bUS$431.4m93.5x1329.1x13.1x
Tue, 23 Sep 2025US$538.4bUS$43.9bUS$398.8m96.9x1349.9x12.3x
Thu, 21 Aug 2025US$461.1bUS$43.2bUS$359.2m111.6x1283.6x10.7x
Sat, 19 Jul 2025US$449.5bUS$36.5b-US$1,336,641,772.15123.7x-336.3x12.3x
Mon, 16 Jun 2025US$414.3bUS$36.5b-US$1,336,977,212.0389.4x-309.9x11.4x
Wed, 14 May 2025US$353.6bUS$35.2b-US$1,302,893,591.2171.8x-271.4x10.1x
Fri, 11 Apr 2025US$324.2bUS$38.9b-US$5,172,115.9757.4x-62689.6x8.3x
Sun, 09 Mar 2025US$333.5bUS$37.4b-US$629,422.6172.6x-529827.7x8.9x
Tue, 04 Feb 2025US$346.9bUS$31.7b-US$1,902,207,405.54106.9x-182.4x10.9x
Thu, 02 Jan 2025US$300.8bUS$31.7b-US$1,757,138,112.5099.3x-171.2x9.5x
Sat, 30 Nov 2024US$320.7bUS$32.0b-US$1,564,471,561.6077.2x-205x10x
Mon, 28 Oct 2024US$240.3bUS$30.7b-US$1,656,263,720.0167x-145.1x7.8x
Wed, 25 Sep 2024US$238.5bUS$30.7b-US$1,678,610,071.9859.6x-142.1x7.8x
Fri, 23 Aug 2024US$239.5bUS$30.4b-US$1,766,270,448.8536.6x-135.6x7.9x
Sun, 21 Jul 2024US$237.9bUS$33.9b-US$1,616,357,367.4322.9x-147.2x7x
Tue, 18 Jun 2024US$235.7bUS$33.9b-US$1,621,952,648.7821.7x-145.3x7x
Thu, 16 May 2024US$246.3bUS$33.5b-US$1,599,230,657.2323.4x-154x7.4x
Sat, 13 Apr 2024US$254.7bUS$28.6b-US$3,374,184,616.5564.4x-75.5x8.9x
Mon, 11 Mar 2024US$265.9bUS$28.6b-US$2,609,903,434.9730.7x-101.9x9.3x
Wed, 07 Feb 2024US$287.2bUS$27.6b-US$4,019,481,106.4418.2x-71.4x10.4x
Fri, 05 Jan 2024US$269.5bUS$29.0b-US$3,576,265,729.0020.4x-75.3x9.3x
Sun, 03 Dec 2023US$275.0bUS$28.9b-US$3,633,964,409.0020.6x-75.7x9.5x
Tue, 31 Oct 2023US$203.8bUS$27.7b-US$4,957,332,926.0021.5x-41.1x7.4x
Thu, 28 Sep 2023US$216.9bUS$27.7b-US$4,957,552,471.0020.6x-43.7x7.8x
Sat, 26 Aug 2023US$224.3bUS$27.4b-US$5,127,916,083.0020.8x-43.7x8.2x
Mon, 24 Jul 2023US$248.5bUS$27.5b-US$5,292,733,992.0019.9x-47x9x
Wed, 21 Jun 2023US$246.7bUS$27.5b-US$5,240,403,320.0018.8x-47.1x9x
Fri, 19 May 2023US$230.7bUS$27.3b-US$5,312,158,231.0018.6x-43.4x8.4x
Sun, 16 Apr 2023US$205.6bUS$31.1b-US$8,346,949,190.0024.6x-24.6x6.6x
Price to Earnings Ratio

-24.6x


Total Market Cap: US$205.6bTotal Earnings: -US$8,346,949,190.00Total Revenue: US$31.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1807.6x202420252026
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 9.5x.
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 13% 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 Market2.97%
Tech3.98%
IT0.58%
Internet Services and Infrastructure2.17%
Data Processing Services1.76%
IT Consulting-0.96%
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
CRWV CoreWeaveUS$88.9013.3%
+US$5.5b		82.3%PS9.1x
SHOP ShopifyUS$120.101.3%
+US$2.1b		31.4%PE127.2x
NET CloudflareUS$211.252.8%
+US$2.0b		87.7%PS34.3x
VRSN VeriSignUS$270.908.0%
+US$1.8b		10.7%PE30.1x
APLD Applied DigitalUS$27.7913.5%
+US$922.6m		403.4%PS29.4x

Latest News

CRWV
US$88.90
CoreWeave
7D
13.3%
1Y
82.3%

CoreWeave: Slew Of Positive Updates (Rating Upgrade)

Apr 09
APLD
US$27.79
Applied Digital
7D
13.5%
1Y
403.4%
TWLO
US$129.61
Twilio
7D
-0.7%
1Y
40.9%
DOCN
US$89.38
DigitalOcean Holdings
7D
1.9%
1Y
191.4%
KC
US$14.63
Kingsoft Cloud Holdings
7D
5.3%
1Y
12.7%

KC: Governance Reforms And Profitability Outlook Will Support Future Upside Potential

Analysts have raised their price target on Kingsoft Cloud Holdings to $22.87 from $21.10, citing updated assumptions for revenue growth of 26.10%, a profit margin of 7.80%, a discount rate of 10.85% and a future P/E of 53.22x. What's in the News Proposed amendments to the articles of association aim to align Kingsoft Cloud Holdings with Hong Kong Core Shareholder Protection Standards, including allowing shareholders to attend general meetings virtually and vote electronically (Key Developments).
OKTA
US$76.04
Okta
7D
-3.9%
1Y
-25.3%

OKTA: AI Agent Identity Demand And 90 Day Catalyst Watch Will Drive Repricing

Narrative Update On Okta The analyst price target has been reset from about $112.55 to roughly $100.93, as analysts factor in mixed target revisions across the Street alongside expectations for steadier revenue growth, slightly higher margins, and a lower future P/E multiple following Okta's recent Q4 results and its AI identity positioning. Analyst Commentary Street research on Okta clusters around two themes: how fast growth can improve from here, and what investors should pay for that growth as market multiples reset.
WIX
US$74.38
Wix.com
7D
-9.2%
1Y
-52.2%
VNET
US$8.34
VNET Group
7D
-2.9%
1Y
41.4%

VNET: 2026 Revenue Guidance Will Support Future Data Center Expansion

Analysts have raised their price target on VNET Group from about $14.92 to roughly $15.54, citing updated assumptions for revenue growth, profit margins, and future P/E levels. What's in the News VNET Group issued earnings guidance for full year 2026, giving investors a clearer view of management expectations for the business.
SHOP
US$120.10
Shopify
7D
1.3%
1Y
31.4%

Shopify: Exploit Misinformed AI Selloff For 20% Annual Returns (Upgrade)

Apr 06
SNOW
US$149.99
Snowflake
7D
-2.0%
1Y
-0.8%

SNOW: AI Partnerships And Q4 Execution Will Support Premium Multiple

Narrative Update The analyst price target for Snowflake has been reset lower, with the fair value estimate moving from $181.76 to $176.00 as analysts balance slightly softer modeled revenue growth and a higher discount rate against Q4 AI momentum, ongoing AI partnerships, and generally supportive long term views reflected in refreshed targets across the Street. Analyst Commentary Research commentary on Snowflake has become more mixed, with many firms trimming price targets even as they acknowledge solid Q4 execution, AI traction, and what they describe as healthy forward indicators.
SHAZ
US$26.00
SharonAI Holdings
7D
-5.9%
1Y
n/a
NET
US$211.25
Cloudflare
7D
2.8%
1Y
87.7%

NET: AI Security Hype Will Outrun Real Platform Monetization Progress

Cloudflare's fair value estimate has shifted from $145.00 to about $149.16 as analysts weigh mixed price target changes, a modestly higher discount rate, and slightly stronger expectations for revenue growth and profit margins, while also pointing to broad cybersecurity sector commentary that questions recent selloffs tied to AI security headlines. Analyst Commentary Recent research on Cloudflare highlights a split in views, with some firms pointing to potential upside tied to cybersecurity and AI infrastructure themes, while a separate group of bearish analysts is more focused on valuation and execution risks following the stock's run and sector volatility.
VRSN
US$270.90
VeriSign
7D
8.0%
1Y
10.7%
VTEX
US$3.97
VTEX
7D
-1.7%
1Y
-19.8%

VTEX: Share Repurchases And Execution Progress Will Support Future Free Cash Flow

Analysts now set a $6.00 price target for VTEX, with the updated view reflecting a mix of more constructive opinions, such as the recent upgrade to Outperform with a $5.00 target, and cautious views citing weakening growth visibility. Analyst Commentary Bullish Takeaways Some analysts see enough progress in VTEX's execution to justify a move to an Outperform rating, even with a price target that sits below the current Street average at $5.00.
GDS
US$40.76
GDS Holdings
7D
-2.2%
1Y
109.8%

GDS: Higher Control Concentration And Costly Preferred Shares Will Pressure Shares

Analysts have raised their price target on GDS Holdings by roughly $3, reflecting updated views on fair value, growth assumptions, and future P/E expectations, even as projected profit margins are revised lower. What's in the News GDS issued earnings guidance for 2026, with total revenues expected in a range of RMB 12,400 million to RMB 12,900 million, which implies a projected year on year change of roughly 8.5% to 12.8% (Corporate Guidance).
MGRT
US$43.75
Mega Fortune
7D
191.9%
1Y
n/a