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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies45
  • 7D-3.9%
  • 3M-14.6%
  • 1Y8.2%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has dropped 3.9%, driven by a pullback from CoreWeave of 12%. This takes the industry's 12 month performance to a gain of 8.2%. Earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026US$417.8bUS$44.1b-US$1,102,701,040.4249.6x-378.9x9.5x
Thu, 29 Jan 2026US$499.2bUS$41.7b-US$167,504,845.0563.6x-2980.5x12x
Sat, 27 Dec 2025US$516.0bUS$41.5b-US$258,030,208.6665.4x-1999.7x12.4x
Mon, 24 Nov 2025US$466.0bUS$40.9b-US$470,726,709.8165.1x-989.9x11.4x
Wed, 22 Oct 2025US$553.3bUS$43.7bUS$431.5m90.1x1282.4x12.7x
Fri, 19 Sep 2025US$523.2bUS$43.9bUS$409.6m124.3x1277.4x11.9x
Sun, 17 Aug 2025US$471.0bUS$43.2bUS$359.4m118.1x1310.7x10.9x
Tue, 15 Jul 2025US$417.9bUS$36.5b-US$1,337,423,979.52123.9x-312.5x11.5x
Thu, 12 Jun 2025US$430.2bUS$36.5b-US$1,336,588,128.0999.1x-321.9x11.8x
Sat, 10 May 2025US$327.5bUS$35.1b-US$1,301,210,103.8967.1x-251.7x9.3x
Mon, 07 Apr 2025US$286.9bUS$38.9b-US$6,803,740.4458.6x-42168.9x7.4x
Wed, 05 Mar 2025US$354.6bUS$37.3b-US$67,415,316.4865.2x-5259.3x9.5x
Fri, 31 Jan 2025US$346.6bUS$31.7b-US$1,893,452,839.58111.3x-183.1x10.9x
Sun, 29 Dec 2024US$307.2bUS$32.1b-US$1,441,277,828.9674.8x-213.1x9.6x
Tue, 26 Nov 2024US$309.6bUS$32.0b-US$1,565,370,041.51107.2x-197.8x9.7x
Thu, 24 Oct 2024US$244.4bUS$30.6b-US$1,655,278,048.6467.7x-147.6x8x
Sat, 21 Sep 2024US$235.3bUS$30.7b-US$1,675,121,051.6960.8x-140.5x7.7x
Mon, 19 Aug 2024US$233.7bUS$30.2b-US$1,692,763,112.2637.8x-138x7.7x
Wed, 17 Jul 2024US$243.6bUS$33.9b-US$1,617,641,402.3823.9x-150.6x7.2x
Fri, 14 Jun 2024US$230.1bUS$33.9b-US$1,622,636,304.9921.5x-141.8x6.8x
Sun, 12 May 2024US$244.5bUS$33.5b-US$1,597,901,180.0922.1x-153x7.3x
Tue, 09 Apr 2024US$258.1bUS$28.5b-US$3,315,021,510.5466.9x-77.9x9x
Thu, 07 Mar 2024US$262.8bUS$28.5b-US$2,617,887,732.7930.5x-100.4x9.2x
Sat, 03 Feb 2024US$302.3bUS$29.0b-US$3,557,538,960.0020.4x-85x10.4x
Mon, 01 Jan 2024US$289.5bUS$29.0b-US$3,581,125,464.0020.4x-80.8x10x
Wed, 29 Nov 2023US$263.6bUS$28.6b-US$3,697,583,574.0020.6x-71.3x9.2x
Fri, 27 Oct 2023US$201.6bUS$27.7b-US$4,957,232,180.0021.3x-40.7x7.3x
Sun, 24 Sep 2023US$219.4bUS$27.7b-US$4,958,388,050.0020.5x-44.3x7.9x
Tue, 22 Aug 2023US$216.8bUS$27.2b-US$5,206,097,547.0020.8x-41.6x8x
Thu, 20 Jul 2023US$260.4bUS$27.4b-US$5,289,717,594.0019.9x-49.2x9.5x
Sat, 17 Jun 2023US$250.2bUS$27.5b-US$5,244,908,869.0018.8x-47.7x9.1x
Mon, 15 May 2023US$219.8bUS$27.4b-US$5,319,078,626.0018.9x-41.3x8x
Wed, 12 Apr 2023US$201.1bUS$31.1b-US$8,344,951,597.0024.1x-24.1x6.5x
Fri, 10 Mar 2023US$196.3bUS$31.0b-US$8,238,861,060.0022x-23.8x6.3x
Price to Earnings Ratio

-23.8x


Total Market Cap: US$196.3bTotal Earnings: -US$8,238,861,060.00Total Revenue: US$31.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1795x202420252026
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 9.4x.
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 Market-0.57%
Tech-2.05%
IT-4.14%
Internet Services and Infrastructure-3.85%
Data Processing Services3.26%
IT Consulting-4.43%
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
NET CloudflareUS$181.0213.0%
+US$7.3b		26.7%PS29.4x
SNOW SnowflakeUS$170.338.1%
+US$4.4b		-1.9%PS12.4x
SHOP ShopifyUS$119.382.1%
+US$3.2b		17.3%PE126.5x
TWLO TwilioUS$123.8114.1%
+US$2.3b		6.4%PE554.4x
MDB MongoDBUS$325.016.4%
+US$1.6b		25.5%PS11.4x

Latest News

DOCN
US$58.24
DigitalOcean Holdings
7D
-1.7%
1Y
44.3%
CRWV
US$78.05
CoreWeave
7D
-14.1%
1Y
n/a
SNOW
US$170.33
Snowflake
7D
8.1%
1Y
-1.9%
SHOP
US$119.38
Shopify
7D
2.1%
1Y
17.3%
GDDY
US$88.22
GoDaddy
7D
0.5%
1Y
-50.4%
AKAM
US$97.64
Akamai Technologies
7D
-1.1%
1Y
20.5%
VRSN
US$228.05
VeriSign
7D
7.8%
1Y
-5.0%

VeriSign's Future Still Hinges on Single-Service Dependency

A new series of interviews with current and former employees, conducted in January and February 2026, confirm our risk analysis. Management practices continue to be not in line with best-in-class approaches.
SHAZ
US$20.50
SharonAI Holdings
7D
-33.1%
1Y
n/a
NET
US$181.02
Cloudflare
7D
13.0%
1Y
26.7%
FSLY
US$21.17
Fastly
7D
24.5%
1Y
223.7%
OKTA
US$73.97
Okta
7D
6.4%
1Y
-15.1%

OKTA: Cybersecurity Demand And 90 Day Catalyst Watch Will Drive Repricing

Analysts have slightly reduced their Okta fair value estimate by about $1 to $112.55, as lower sector valuation multiples and AI related sentiment have led to lower price targets, even though checks on Okta's business and profitability assumptions remain generally intact. Analyst Commentary Recent research on Okta reflects a mix of optimism about the company’s execution and caution around sector wide repricing and AI related sentiment.
APLD
US$27.93
Applied Digital
7D
-6.9%
1Y
306.0%

Applied Digital Corp. (APLD) The AI Factory Architect: Infrastructure at the Speed of Light

Applied Digital (APLD) is currently one of the most aggressive builders in the AI infrastructure gold rush, trading at $29.04 as of late February 2026. The company has successfully pivoted from its origins in crypto-mining to become a premier provider of high-performance computing (HPC) "AI Factories." Their massive Polaris Forge campus in North Dakota is now a cornerstone of the industry, having recently secured multi-billion-dollar, long-term lease agreements with hyperscalers and AI specialists like CoreWeave.
VNET
US$10.45
VNET Group
7D
-6.9%
1Y
4.9%

VNET: Private REIT Project Will Drive Future Data Center Expansion

Analysts have nudged their price target for VNET Group higher to $15.31 from $15.07. This reflects updated assumptions around discount rates, long term growth, margins and future P/E multiples.
MDB
US$325.01
MongoDB
7D
6.4%
1Y
25.5%

MDB: Fair Outlook Balances AI Workload Opportunity With Execution And Expectation Risks

Narrative Update: MongoDB Our fair value estimate for MongoDB has been revised to $340.43, reflecting a higher revenue growth assumption of 18.87% and a very large future P/E multiple, as analysts point to broadly supportive price target moves tied to Atlas growth expectations, AI driven demand, and a generally constructive multi year setup in recent research. Analyst Commentary Recent research on MongoDB continues to lean constructive, with several firms lifting their price targets and highlighting the company as a key beneficiary of database modernization and artificial intelligence related workloads.
TWLO
US$123.81
Twilio
7D
14.1%
1Y
6.4%

TWLO: Future Performance Will Reflect Strengthening Organic Growth And Execution Confidence

The updated analyst price target for Twilio is now about $5 higher than before, as analysts factor in recent research that highlights strong Q4 execution, improving organic growth expectations, and a more balanced view on long term profitability and valuation multiples. Analyst Commentary Recent research on Twilio reflects a mix of optimism about execution and growth, alongside more conservative adjustments to valuation targets.
GDS
US$39.90
GDS Holdings
7D
-7.5%
1Y
25.3%

GDS: 300MW 2025 Leasing And 2026 Installs Will Support Upside

Narrative Update Analysts have adjusted their fair value estimate for GDS Holdings from $48.30 to $52.73, citing updated assumptions on discount rates, long term revenue growth, profit margins, and future P/E expectations following recent mixed 3Q25 results and steady 2025 guidance. Analyst Commentary Bullish and bearish analysts are reading the same mixed 3Q25 update and 2025 guidance in very different ways, which shows up directly in how they think about fair value and upside versus execution risk.