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

U.S. Internet Services and Infrastructure Industry Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies44
  • 7D6.6%
  • 3M-13.1%
  • 1Y4.3%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has dropped 5.1%, driven by a pullback from Shopify of 10%. In contrast, CoreWeave has gained 7.5%. Over the last year, the industry has been flat overall. 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
Wed, 11 Feb 2026US$434.1bUS$41.7b-US$167,728,314.0950x-2587.9x10.4x
Fri, 09 Jan 2026US$521.0bUS$41.6b-US$167,222,042.9862.2x-3115.7x12.5x
Sun, 07 Dec 2025US$508.4bUS$41.5b-US$257,537,125.2757.5x-1974x12.3x
Tue, 04 Nov 2025US$582.0bUS$39.3b-US$316,253,368.1795.7x-1840.3x14.8x
Thu, 02 Oct 2025US$546.6bUS$43.7bUS$475.1m82.9x1150.6x12.5x
Sat, 30 Aug 2025US$505.1bUS$43.9bUS$413.5m97.3x1221.7x11.5x
Mon, 28 Jul 2025US$448.3bUS$36.5b-US$1,336,980,770.54124.8x-335.3x12.3x
Wed, 25 Jun 2025US$451.6bUS$36.5b-US$1,337,276,564.2895.8x-337.7x12.4x
Fri, 23 May 2025US$378.9bUS$36.2b-US$1,480,650,708.9783.2x-255.9x10.5x
Sun, 20 Apr 2025US$301.0bUS$38.9bUS$20.9m53.5x14429.4x7.7x
Tue, 18 Mar 2025US$320.0bUS$37.5bUS$335.4m88.2x954.1x8.5x
Thu, 13 Feb 2025US$373.9bUS$32.3b-US$1,232,967,454.9277.3x-303.3x11.6x
Sat, 11 Jan 2025US$311.4bUS$31.7b-US$1,751,922,258.7996.9x-177.7x9.8x
Mon, 09 Dec 2024US$337.7bUS$32.0b-US$1,465,047,730.4880.5x-230.5x10.5x
Wed, 06 Nov 2024US$239.2bUS$30.8b-US$1,527,456,453.1368.3x-156.6x7.8x
Fri, 04 Oct 2024US$233.8bUS$30.7b-US$1,681,089,627.6560.8x-139.1x7.6x
Sun, 01 Sep 2024US$230.1bUS$30.6b-US$1,669,295,370.4159.1x-137.8x7.5x
Tue, 30 Jul 2024US$233.3bUS$33.9b-US$1,618,131,079.1623.8x-144.2x6.9x
Thu, 27 Jun 2024US$233.4bUS$33.9b-US$1,620,325,393.6421.5x-144x6.9x
Sat, 25 May 2024US$244.1bUS$33.7b-US$1,640,640,814.6622.9x-148.8x7.2x
Mon, 22 Apr 2024US$238.2bUS$28.6b-US$3,373,752,252.0055.6x-70.6x8.3x
Wed, 20 Mar 2024US$261.9bUS$28.6b-US$2,608,816,079.4129.8x-100.4x9.2x
Fri, 16 Feb 2024US$304.7bUS$28.2b-US$2,666,059,361.4630.7x-114.3x10.8x
Sun, 14 Jan 2024US$286.6bUS$29.0b-US$3,575,658,959.0020.4x-80.2x9.9x
Tue, 12 Dec 2023US$273.4bUS$29.0b-US$3,575,614,248.0020.7x-76.5x9.4x
Thu, 09 Nov 2023US$237.4bUS$28.4b-US$4,130,967,078.0021.6x-57.5x8.4x
Sat, 07 Oct 2023US$225.3bUS$27.7b-US$4,958,166,031.0020.3x-45.5x8.1x
Mon, 04 Sep 2023US$248.3bUS$27.7b-US$4,945,883,799.0020.6x-50.2x9x
Wed, 02 Aug 2023US$255.4bUS$27.5b-US$5,293,403,077.0019.9x-48.3x9.3x
Fri, 30 Jun 2023US$243.5bUS$27.4b-US$5,235,154,795.0018.9x-46.5x8.9x
Sun, 28 May 2023US$221.5bUS$27.3b-US$5,417,949,308.0017.1x-40.9x8.1x
Tue, 25 Apr 2023US$205.4bUS$31.1b-US$8,339,730,599.0023.4x-24.6x6.6x
Thu, 23 Mar 2023US$197.2bUS$31.2b-US$8,404,563,947.0022.1x-23.5x6.3x
Sat, 18 Feb 2023US$206.9bUS$30.6b-US$8,145,244,178.0023x-25.4x6.8x
Price to Earnings Ratio

-25.4x


Total Market Cap: US$206.9bTotal Earnings: -US$8,145,244,178.00Total Revenue: US$30.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1781.9x202420252026
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 11% 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 Market0.99%
Tech2.89%
IT2.41%
Internet Services and Infrastructure6.65%
IT Consulting-0.95%
Data Processing Services-2.81%
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
SHOP ShopifyUS$127.246.7%
+US$10.3b		3.0%PE93x
NET CloudflareUS$179.985.7%
+US$3.4b		4.3%PS31.3x
MDB MongoDBUS$377.2611.7%
+US$3.2b		29.0%PS13.3x
SNOW SnowflakeUS$182.585.4%
+US$3.2b		-0.5%PS14.2x
CRWV CoreWeaveUS$95.115.6%
+US$2.6b		n/aPS11.5x

Latest News

NET
US$179.98
Cloudflare
7D
5.7%
1Y
4.3%
RXT
US$0.44
Rackspace Technology
7D
-10.9%
1Y
-84.8%
SHOP
US$127.24
Shopify
7D
6.7%
1Y
3.0%
OKTA
US$88.45
Okta
7D
7.5%
1Y
-7.7%

OKTA: Cybersecurity Demand And 90 Day Bookings Catalyst Will Drive Upside

Analysts have lifted their fair value estimate for Okta from $142 to $145, citing expectations for durable cybersecurity growth, a potential 90 day bookings catalyst, and scenario analysis around remaining performance obligation trends that affects revenue and P/E assumptions. Analyst Commentary Recent Street research on Okta highlights a mix of optimism and caution, with several bullish analysts pointing to potential upside tied to cybersecurity demand, bookings performance, and remaining performance obligation trends that flow through to revenue and P/E assumptions.
KC
US$13.12
Kingsoft Cloud Holdings
7D
-0.08%
1Y
-23.0%

KC: Lower Discount Rate And Solid Margins Will Support Future Upside

Analysts have trimmed their price target on Kingsoft Cloud Holdings to reflect a modestly lower discount rate, slightly adjusted long term revenue growth and profit margin expectations, and a reduced forward P/E assumption of 52.55x. This results in a revised fair value of US$18.14 per share.
VRSN
US$220.08
VeriSign
7D
-9.6%
1Y
-3.2%
SNOW
US$182.58
Snowflake
7D
5.4%
1Y
-0.5%

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.
BLZE
US$4.06
Backblaze
7D
-4.7%
1Y
-44.6%

BLZE: Creator Content Partnership And Stable Outlook Will Support Future Upside

Analysts have slightly reduced their price target on Backblaze to about US$10.06 per share, mainly reflecting a modest adjustment to the discount rate and a small tweak to the future P/E assumption, rather than any change to fair value, revenue growth, or profit margin inputs. What's in the News Backblaze announced that its B2 Cloud Storage platform is integrated with Shareio, a platform focused on helping creators monetize and protect digital content with security and clear economic terms (Key Developments).
WIX
US$75.35
Wix.com
7D
-2.7%
1Y
-66.9%

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$95.11
CoreWeave
7D
5.6%
1Y
n/a
TCX
US$19.66
Tucows
7D
-10.6%
1Y
29.0%
APLD
US$37.47
Applied Digital
7D
18.8%
1Y
395.6%

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.
MDB
US$377.26
MongoDB
7D
11.7%
1Y
29.0%

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$118.76
Twilio
7D
8.5%
1Y
-17.1%

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.
CXDO
US$6.40
Crexendo
7D
-4.2%
1Y
8.5%
MGRT
US$4.81
Mega Fortune
7D
-12.5%
1Y
n/a