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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedJan 03, 2026
DataAggregated Company Financials
Companies44
  • 7D-4.7%
  • 3M-6.6%
  • 1Y41.5%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has dropped 12%, driven by a pullback from Shopify of 5.8%. Over the past 12 months, the industry was up 45%. As for the next few years, earnings are expected to grow by 29% 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
Sat, 03 Jan 2026US$495.8bUS$41.5b-US$264,936,005.0362.6x-1871.4x11.9x
Mon, 01 Dec 2025US$497.1bUS$41.0b-US$322,597,215.6462.1x-1540.9x12.1x
Wed, 29 Oct 2025US$585.2bUS$43.7bUS$430.7m93.7x1358.8x13.4x
Fri, 26 Sep 2025US$528.6bUS$43.7bUS$474.7m95.7x1113.6x12.1x
Sun, 24 Aug 2025US$468.9bUS$43.4bUS$350.3m114x1338.6x10.8x
Tue, 22 Jul 2025US$451.7bUS$36.5b-US$1,336,734,646.96119.9x-337.9x12.4x
Thu, 19 Jun 2025US$432.5bUS$36.5b-US$1,336,731,071.9989.5x-323.6x11.9x
Sat, 17 May 2025US$369.0bUS$35.9b-US$1,511,196,551.8381.7x-244.2x10.3x
Mon, 14 Apr 2025US$305.8bUS$38.9b-US$6,704,466.9856.2x-45616.7x7.9x
Wed, 12 Mar 2025US$312.1bUS$37.4b-US$1,613,872.2572.4x-193395.6x8.3x
Fri, 07 Feb 2025US$361.1bUS$31.5b-US$1,887,205,412.62110.8x-191.4x11.5x
Sun, 05 Jan 2025US$312.1bUS$31.7b-US$1,753,914,709.57102.1x-177.9x9.9x
Tue, 03 Dec 2024US$320.7bUS$31.9b-US$1,559,973,571.2977.6x-205.6x10x
Thu, 31 Oct 2024US$244.2bUS$30.7b-US$1,657,130,806.9668x-147.3x8x
Sat, 28 Sep 2024US$238.1bUS$30.7b-US$1,682,244,582.8456.4x-141.5x7.8x
Mon, 26 Aug 2024US$233.0bUS$30.4b-US$1,769,695,757.8136.6x-131.6x7.7x
Wed, 24 Jul 2024US$238.4bUS$33.9b-US$1,615,538,049.8024x-147.5x7x
Fri, 21 Jun 2024US$231.2bUS$33.9b-US$1,621,255,274.3821.7x-142.6x6.8x
Sun, 19 May 2024US$250.9bUS$33.5b-US$1,604,743,029.2523.2x-156.3x7.5x
Tue, 16 Apr 2024US$250.2bUS$28.6b-US$3,374,136,486.4962.9x-74.1x8.8x
Thu, 14 Mar 2024US$264.3bUS$28.6b-US$2,609,861,085.1030.3x-101.3x9.2x
Sat, 10 Feb 2024US$321.0bUS$27.7b-US$4,001,913,381.7218.8x-80.2x11.6x
Mon, 08 Jan 2024US$272.4bUS$29.0b-US$3,577,791,173.0020.4x-76.1x9.4x
Wed, 06 Dec 2023US$273.3bUS$28.9b-US$3,633,464,089.0020.3x-75.2x9.5x
Fri, 03 Nov 2023US$207.4bUS$28.3b-US$4,148,214,258.0021.7x-50x7.3x
Sun, 01 Oct 2023US$224.7bUS$27.7b-US$4,958,177,255.0020.5x-45.3x8.1x
Tue, 29 Aug 2023US$224.3bUS$27.4b-US$5,127,921,403.0020.8x-43.7x8.2x
Thu, 27 Jul 2023US$246.1bUS$27.5b-US$5,295,620,011.0019.9x-46.5x9x
Sat, 24 Jun 2023US$243.2bUS$27.5b-US$5,240,667,147.0018.8x-46.4x8.9x
Mon, 22 May 2023US$226.4bUS$27.1b-US$5,365,789,853.0017.6x-42.2x8.4x
Wed, 19 Apr 2023US$212.4bUS$31.1b-US$8,345,919,058.0024.7x-25.4x6.8x
Fri, 17 Mar 2023US$199.1bUS$31.1b-US$8,254,102,043.0021.6x-24.1x6.4x
Sun, 12 Feb 2023US$206.0bUS$30.1b-US$7,971,047,306.0026.5x-25.8x6.9x
Tue, 10 Jan 2023US$172.9bUS$30.0b-US$8,006,092,394.0026.9x-21.6x5.8x
Price to Earnings Ratio

-21.6x


Total Market Cap: US$172.9bTotal Earnings: -US$8,006,092,394.00Total Revenue: US$30.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1687x202420252026
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 9.1x is lower than the industry's current PS ratio of 12.0x.
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 Market-1.05%
Tech-1.59%
IT-4.49%
Internet Services and Infrastructure-4.73%
Data Processing Services-3.42%
IT Consulting-4.28%
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$79.323.8%
+US$1.4b		n/aPS9.2x
APLD Applied DigitalUS$28.1116.9%
+US$1.2b		208.6%PS46.3x
GDS GDS HoldingsUS$38.348.3%
+US$589.1m		59.4%PE46.1x
VNET VNET GroupUS$9.114.8%
+US$113.0m		84.0%PS1.8x
KC Kingsoft Cloud HoldingsUS$10.931.9%
+US$60.1m		-3.7%PS2.5x

Latest News

VRSN
US$240.53
VeriSign
7D
-2.4%
1Y
17.0%
APLD
US$28.11
Applied Digital
7D
16.9%
1Y
208.6%
VNET
US$9.11
VNET Group
7D
4.8%
1Y
84.0%

Sentiment Still Eluding VNET Group, Inc. (NASDAQ:VNET)

Jan 02
Sentiment Still Eluding VNET Group, Inc. (NASDAQ:VNET)
SNOW
US$216.71
Snowflake
7D
-3.2%
1Y
33.6%
WYFI
US$16.83
WhiteFiber
7D
1.6%
1Y
n/a
OKTA
US$83.64
Okta
7D
-5.6%
1Y
3.6%
KC
US$10.93
Kingsoft Cloud Holdings
7D
1.9%
1Y
-3.7%

KC: Equity Offering Will Support Liquidity And Future Upside Potential

Analysts have trimmed their price target on Kingsoft Cloud Holdings to approximately $21.10 from about $24.32, reflecting slightly weaker assumptions on revenue growth, margins, and long term valuation multiples. What's in the News Completed a follow on equity offering of approximately HKD 2.80 billion, issuing 338 million ordinary shares at HKD 8.29 per share, supporting capital needs and liquidity (company filing) Equity transaction structured under Regulation S with a subsequent direct listing component, potentially broadening the shareholder base and enhancing trading flexibility (company filing) Board meeting scheduled for November 19, 2025 to review and approve unaudited third quarter 2025 results for the company, its subsidiaries, and consolidated affiliated entities (company announcement) Valuation Changes Fair Value Estimate reduced moderately from approximately $24.32 to about $21.10 per share, implying a lower intrinsic valuation.
CXDO
US$6.63
Crexendo
7D
2.6%
1Y
15.1%

Crexendo: The Use Of AI And International Expansion To Drive Growth

Dec 23
AKAM
US$85.10
Akamai Technologies
7D
-3.8%
1Y
-9.0%
MDB
US$399.65
MongoDB
7D
-8.3%
1Y
62.2%

MongoDB, Inc.'s (NASDAQ:MDB) 26% Share Price Surge Not Quite Adding Up

Dec 19
MongoDB, Inc.'s (NASDAQ:MDB) 26% Share Price Surge Not Quite Adding Up
GDDY
US$118.52
GoDaddy
7D
-6.7%
1Y
-40.9%
SHOP
US$157.20
Shopify
7D
-8.0%
1Y
43.9%

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.
NET
US$196.02
Cloudflare
7D
-3.1%
1Y
70.9%

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$38.34
GDS Holdings
7D
8.3%
1Y
59.4%

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.
CRWV
US$79.32
CoreWeave
7D
3.8%
1Y
n/a
DTST
US$5.10
Data Storage
7D
0.6%
1Y
4.5%