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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies39
  • 7D-2.2%
  • 3M-16.4%
  • 1Y44.0%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has dropped 2.6%, driven by a pullback from Cloudflare of 13%. Meanwhile, CoreWeave actually outperformed within the industry, gaining 36% in the last week. Over the past 12 months, the industry was up 43%. Earnings are forecast to grow by 25% 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, 15 Apr 2026US$413.3bUS$44.6b-US$1,085,072,754.5157.1x-380.9x9.3x
Fri, 13 Mar 2026US$449.3bUS$44.4b-US$1,091,190,935.9655x-411.8x10.1x
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
Price to Earnings Ratio

-25.1x


Total Market Cap: US$209.6bTotal Earnings: -US$8,344,466,347.00Total Revenue: US$31.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1809.5x202420252026
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 Market4.44%
Tech6.04%
IT-2.26%
Internet Services and Infrastructure-2.19%
Data Processing Services-0.47%
IT Consulting-2.33%
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$117.2037.5%
+US$16.8b		187.4%PS12x
KC Kingsoft Cloud HoldingsUS$17.1326.2%
+US$1.1b		29.8%PS3.7x
APLD Applied DigitalUS$31.4713.2%
+US$1.1b		671.3%PS28.2x
GDS GDS HoldingsUS$43.2212.2%
+US$941.8m		109.5%PE65.9x
SHOP ShopifyUS$117.640.5%
+US$756.4m		40.2%PE124.6x

Latest News

SHOP
US$117.64
Shopify
7D
0.5%
1Y
40.2%
NET
US$178.65
Cloudflare
7D
-17.4%
1Y
63.7%
APLD
US$31.47
Applied Digital
7D
13.2%
1Y
671.3%
CRWV
US$117.20
CoreWeave
7D
37.5%
1Y
187.4%
GDS
US$43.22
GDS Holdings
7D
12.2%
1Y
109.5%

GDS: 2026 Guidance And Preferred Equity Raise Will Support Upside

Analysts have modestly raised their price target on GDS Holdings to $71.22 from $68.63, citing updated assumptions around revenue growth, profit margins, and a revised framework for future P/E. 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 the company states implies a year on year increase of about 8.5% to 12.8% (Corporate guidance).
OKTA
US$64.09
Okta
7D
-19.2%
1Y
-36.0%
SNOW
US$135.47
Snowflake
7D
-9.2%
1Y
-7.6%

Snowflake Inc. (SNOW): The "Data Cloud" Architect and the 2026 Shift to AI Data Programmability

Snowflake Inc. (SNOW) closed the April 10, 2026, session at $168.42 USD on the NYSE, as the company works to reclaim its narrative as the central nervous system for enterprise AI.
DOCN
US$73.45
DigitalOcean Holdings
7D
-15.2%
1Y
161.5%
AKAM
US$88.84
Akamai Technologies
7D
-22.0%
1Y
19.2%
TWLO
US$124.00
Twilio
7D
-6.5%
1Y
40.4%
FSLY
US$20.95
Fastly
7D
-33.7%
1Y
290.1%
KC
US$17.13
Kingsoft Cloud Holdings
7D
26.2%
1Y
29.8%

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).
VNET
US$9.01
VNET Group
7D
13.3%
1Y
67.2%

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.
SHAZ
US$34.52
SharonAI Holdings
7D
30.9%
1Y
n/a
MDB
US$233.60
MongoDB
7D
-6.7%
1Y
46.0%

MDB: AI Data Stack Leadership Will Support Post Reset Upside Potential

The updated analyst price target for MongoDB moves from about $525 to about $462, as analysts factor in softer margin and revenue growth assumptions alongside a slightly higher future P/E multiple following recent Q4 results and guidance. Analyst Commentary Recent Street research on MongoDB reflects a wide reset in price targets following Q4 results and fiscal 2027 guidance.
MGRT
US$73.30
Mega Fortune
7D
165.1%
1Y
n/a