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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies39
  • 7D-5.5%
  • 3M-4.4%
  • 1Y46.6%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has dropped 2.4%, driven by a pullback from CoreWeave of 23%. In the past year, the industry has gained 38%. Earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Dec 2025US$497.3bUS$41.5b-US$257,744,762.3265.4x-1929.3x12x
Sat, 15 Nov 2025US$489.1bUS$40.8b-US$493,836,918.9097.4x-990.4x12x
Mon, 13 Oct 2025US$537.8bUS$43.7bUS$431.9m83.7x1245.4x12.3x
Wed, 10 Sep 2025US$505.6bUS$43.9bUS$409.9m112.5x1233.5x11.5x
Fri, 08 Aug 2025US$494.2bUS$37.4b-US$528,297,517.65126.2x-935.4x13.2x
Sun, 06 Jul 2025US$453.4bUS$36.5b-US$1,337,504,660.88127.1x-339x12.4x
Tue, 03 Jun 2025US$394.2bUS$36.4b-US$1,382,673,941.7890.9x-285.1x10.8x
Thu, 01 May 2025US$343.6bUS$38.9bUS$14.3m67.1x23970.9x8.8x
Sat, 29 Mar 2025US$348.0bUS$39.3b-US$152,758,632.6783.4x-2278.3x8.9x
Mon, 24 Feb 2025US$374.4bUS$37.0bUS$17.8m69.5x21036.9x10.1x
Wed, 22 Jan 2025US$308.9bUS$31.7b-US$1,890,255,948.9599.3x-163.4x9.7x
Fri, 20 Dec 2024US$308.2bUS$32.1b-US$1,441,444,774.1373.6x-213.8x9.6x
Sun, 17 Nov 2024US$285.4bUS$31.6b-US$1,500,479,281.48103.1x-190.2x9x
Tue, 15 Oct 2024US$253.0bUS$30.7b-US$1,665,418,515.4267.1x-151.9x8.2x
Thu, 12 Sep 2024US$222.9bUS$30.6b-US$1,663,525,186.8457.6x-134x7.3x
Sat, 10 Aug 2024US$217.5bUS$30.2b-US$1,691,755,749.8233.1x-128.6x7.2x
Mon, 08 Jul 2024US$251.3bUS$33.9b-US$1,616,626,192.7823.3x-155.4x7.4x
Wed, 05 Jun 2024US$227.3bUS$33.8b-US$1,599,321,132.8722.2x-142.1x6.7x
Fri, 03 May 2024US$248.7bUS$28.6b-US$3,372,645,499.5059.9x-73.8x8.7x
Sun, 31 Mar 2024US$264.2bUS$28.5b-US$3,315,950,338.1666.6x-79.7x9.3x
Tue, 27 Feb 2024US$289.9bUS$28.2b-US$2,792,625,840.5429.8x-103.8x10.3x
Thu, 25 Jan 2024US$295.2bUS$29.0b-US$3,560,735,211.0020.4x-82.9x10.2x
Sat, 23 Dec 2023US$287.1bUS$29.0b-US$3,578,357,031.0020.4x-80.2x9.9x
Mon, 20 Nov 2023US$253.0bUS$28.5b-US$3,681,543,322.0021.6x-68.7x8.9x
Wed, 18 Oct 2023US$228.4bUS$27.7b-US$4,957,437,127.0020.8x-46.1x8.2x
Fri, 15 Sep 2023US$243.9bUS$27.7b-US$4,959,752,118.0020.6x-49.2x8.8x
Sun, 13 Aug 2023US$224.4bUS$27.5b-US$5,112,773,657.0020.3x-43.9x8.2x
Tue, 11 Jul 2023US$240.1bUS$27.4b-US$5,289,018,724.0020.4x-45.4x8.8x
Thu, 08 Jun 2023US$247.7bUS$27.5b-US$5,244,578,037.0018.3x-47.2x9x
Sat, 06 May 2023US$213.6bUS$30.4b-US$5,955,104,423.0018.9x-35.9x7x
Mon, 03 Apr 2023US$215.2bUS$31.1b-US$8,409,810,058.0023.4x-25.6x6.9x
Wed, 01 Mar 2023US$198.7bUS$30.6b-US$8,275,028,145.0021.6x-24x6.5x
Fri, 27 Jan 2023US$201.1bUS$30.0b-US$8,004,961,138.0027.1x-25.1x6.7x
Sun, 25 Dec 2022US$168.6bUS$29.9b-US$7,986,016,057.0025.8x-21.1x5.6x
Price to Earnings Ratio

-21.1x


Total Market Cap: US$168.6bTotal Earnings: -US$7,986,016,057.00Total Revenue: US$29.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1658.4x202320242025
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 9.0x is lower than the industry's current PS ratio of 11.9x.
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-2.83%
Tech-6.68%
IT-3.06%
Internet Services and Infrastructure-5.54%
Data Processing Services1.24%
IT Consulting-0.84%
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
TWLO TwilioUS$139.223.7%
+US$755.0m		31.3%PE314x
AKAM Akamai TechnologiesUS$87.551.3%
+US$158.3m		-7.0%PE24.8x
MGRT Mega FortuneUS$13.05188.7%
+US$117.3m		n/aPE146.8x
WIX Wix.comUS$104.041.3%
+US$72.8m		-52.2%PE41x
TCX TucowsUS$22.123.5%
+US$8.2m		44.7%PS0.6x

Latest News

MGRT
US$13.05
Mega Fortune
7D
188.7%
1Y
n/a
SHOP
US$161.73
Shopify
7D
-1.8%
1Y
51.1%

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$22.12
Tucows
7D
3.5%
1Y
44.7%

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
AKAM
US$87.55
Akamai Technologies
7D
1.3%
1Y
-7.0%

AKAM: Heavy AI And Security Spending Will Cap Near-Term Upside

Analysts have nudged their fair value estimate for Akamai Technologies to $66.00 per share, citing a slightly lower discount rate, stronger expected revenue growth in security and compute, improved profit margin assumptions, and a lower future P E multiple that reflects both ongoing investment needs and a more balanced view of valuation risk. Analyst Commentary Recent Street research paints a mixed picture for Akamai, with bullish views on the long term potential of its security and compute businesses offset by valuation concerns and execution risk around its transformation strategy.
TWLO
US$139.22
Twilio
7D
3.7%
1Y
31.3%

TWLO: Voice AI And RCS Momentum Will Drive Stronger Share Performance

Analysts modestly raised their Twilio fair value estimate to $175 from $170, citing improving post earnings sentiment, a supportive revenue outlook driven by growing voice AI and RCS infrastructure demand, and resilient profitability expectations despite a slightly higher discount rate. Analyst Commentary Bullish analysts highlighted that the latest earnings update reinforced confidence in Twilio's execution, prompting upward revisions to price targets and reaffirmation of positive ratings.
NET
US$191.43
Cloudflare
7D
-10.3%
1Y
75.5%

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.
GDS
US$33.69
GDS Holdings
7D
-7.0%
1Y
75.6%

GDS: 2025 Leasing Pipeline Will Support Long-Term Earnings Upside

Analysts have nudged their fair value estimate for GDS Holdings modestly higher, from about $61.83 to $63.03. They cited supportive Street research that highlights solid long term revenue growth prospects, despite a slightly lower near term price target and mixed quarterly results.
GDDY
US$125.60
GoDaddy
7D
-2.1%
1Y
-37.2%

GDDY: Mixed Outlook Will Shape Balance Between AI Progress And Earnings Efficiency

Analysts have trimmed their price target on GoDaddy to approximately $134 from $150, citing slightly slower expected revenue growth and a modestly higher discount rate, while also highlighting resilient bookings, solid Q3 beats, and a stronger long term margin profile. Analyst Commentary Bearish analysts have recently cut their price targets on GoDaddy, pointing to a combination of mixed near term guidance and reduced confidence in the durability of elevated growth trends.
CRWV
US$64.55
CoreWeave
7D
-26.8%
1Y
n/a
DOCN
US$43.90
DigitalOcean Holdings
7D
-13.3%
1Y
26.2%

DOCN: Takeover Chatter And AI Partnerships Will Shape Balanced Outlook

Analysts have nudged their price target for DigitalOcean Holdings slightly higher to approximately $53.33 per share from roughly $53.33 per share, citing marginal improvements in the company’s discount rate assumptions and stable expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Betaville blog highlighted market chatter about a potential takeover bid for DigitalOcean, drawing investor attention to the stock (Betaville via The Fly).
WIX
US$104.04
Wix.com
7D
1.3%
1Y
-52.2%

WIX: Elevated AI Spend Will Drive Long-Term Market Leadership Confidence

Analysts have trimmed their average price target on Wix.com by about $0.60 to roughly $167.15, citing near term margin pressure from elevated AI and Base44 related investments, even as they maintain confidence in the company’s long term growth and monetization potential. Analyst Commentary Street research following Wix.com's latest results reflects a more nuanced stance, with price targets reset lower but ratings largely remaining positive as investors recalibrate near term expectations around margins and free cash flow.
APLD
US$22.00
Applied Digital
7D
-29.0%
1Y
151.3%

APLD: Long-Term Hyperscale Power Control Will Drive Future Sector Leadership

Analysts have lifted their price targets on Applied Digital, in many cases doubling them to the mid to high $30s and low $40s per share, citing stronger than expected Q1 results, long term hyperscale contracts, a deep multi gigawatt development pipeline, and increasing confidence that the company can scale and monetize its AI focused data center footprint. Analyst Commentary Street research following the quarter has turned markedly more constructive on Applied Digital, with a wave of target price increases reflecting rising confidence in the company’s ability to convert its development pipeline and power portfolio into durable, high margin AI data center revenues.
MDB
US$412.35
MongoDB
7D
-3.5%
1Y
63.2%

MDB: Leadership Change And AI Adoption Will Shape Durable Platform Positioning

The Analyst Price Target for MongoDB has increased by approximately $58 to about $428, as analysts highlight improving profitability, rising confidence in durable Atlas-driven growth and AI adoption, and strengthened leadership positioning as key supports for higher long-term valuation multiples. Analyst Commentary Recent research notes reflect a broadly constructive view on MongoDB, with most price targets moving higher as analysts point to strengthening fundamentals, expanding AI opportunities, and improving visibility into long term growth and profitability.