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

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 14%. In contrast, Cloudflare has gained 13%. Over the past 12 months, the industry was up 8.2%. As for the next few years, earnings are expected to grow by 28% 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
Wed, 04 Mar 2026US$417.8bUS$44.1b-US$1,102,701,040.4249.6x-378.9x9.5x
Fri, 30 Jan 2026US$492.9bUS$41.7b-US$167,486,293.5961x-2943.1x11.8x
Sun, 28 Dec 2025US$516.7bUS$41.5b-US$258,030,208.6665.4x-2002.4x12.4x
Tue, 25 Nov 2025US$466.5bUS$40.9b-US$470,850,254.7264.9x-990.8x11.4x
Thu, 23 Oct 2025US$547.4bUS$43.7bUS$431.6m89.8x1268.4x12.5x
Sat, 20 Sep 2025US$530.5bUS$43.9bUS$409.7m119.4x1295x12.1x
Mon, 18 Aug 2025US$471.0bUS$43.2bUS$359.4m118.1x1310.7x10.9x
Wed, 16 Jul 2025US$433.8bUS$36.5b-US$1,337,235,017.89122.7x-324.4x11.9x
Fri, 13 Jun 2025US$432.5bUS$36.5b-US$1,337,232,577.7394.9x-323.5x11.9x
Sun, 11 May 2025US$323.9bUS$35.1b-US$1,301,210,103.8967.1x-248.9x9.2x
Tue, 08 Apr 2025US$286.9bUS$38.9b-US$6,178,995.7159.5x-46432.5x7.4x
Thu, 06 Mar 2025US$348.2bUS$37.3b-US$69,181,302.3968.9x-5032.9x9.3x
Sat, 01 Feb 2025US$350.1bUS$31.7b-US$1,902,253,303.65109.1x-184x11x
Mon, 30 Dec 2024US$307.2bUS$32.1b-US$1,441,277,828.9674.8x-213.1x9.6x
Wed, 27 Nov 2024US$317.3bUS$32.0b-US$1,566,463,632.78108x-202.6x9.9x
Fri, 25 Oct 2024US$239.6bUS$30.7b-US$1,656,364,814.8168.4x-144.7x7.8x
Sun, 22 Sep 2024US$234.0bUS$30.7b-US$1,675,121,051.6960.8x-139.7x7.6x
Tue, 20 Aug 2024US$233.7bUS$30.2b-US$1,697,628,914.4736.8x-137.6x7.7x
Thu, 18 Jul 2024US$253.3bUS$33.9b-US$1,617,916,140.7223.5x-156.5x7.5x
Sat, 15 Jun 2024US$230.1bUS$33.9b-US$1,622,053,982.0421.7x-141.9x6.8x
Mon, 13 May 2024US$244.5bUS$33.5b-US$1,597,901,180.0922.2x-153x7.3x
Wed, 10 Apr 2024US$257.2bUS$28.5b-US$3,314,689,559.6164.4x-77.6x9x
Fri, 08 Mar 2024US$269.8bUS$28.5b-US$2,618,295,272.4731.2x-103.1x9.5x
Sun, 04 Feb 2024US$302.3bUS$29.0b-US$3,557,538,960.0020.4x-85x10.4x
Tue, 02 Jan 2024US$289.5bUS$29.0b-US$3,581,125,464.0020.4x-80.8x10x
Thu, 30 Nov 2023US$265.1bUS$28.6b-US$3,698,549,937.0020.5x-71.7x9.3x
Sat, 28 Oct 2023US$202.4bUS$27.7b-US$4,957,057,501.0021.5x-40.8x7.3x
Mon, 25 Sep 2023US$219.4bUS$27.7b-US$4,958,388,050.0020.5x-44.3x7.9x
Wed, 23 Aug 2023US$220.6bUS$27.2b-US$5,143,396,824.0020.8x-42.9x8.1x
Fri, 21 Jul 2023US$249.0bUS$27.5b-US$5,293,722,277.0019.7x-47x9.1x
Sun, 18 Jun 2023US$250.2bUS$27.5b-US$5,244,908,869.0018.8x-47.7x9.1x
Tue, 16 May 2023US$224.1bUS$27.4b-US$5,319,374,229.0019.4x-42.1x8.2x
Thu, 13 Apr 2023US$202.9bUS$31.1b-US$8,345,796,782.0024.2x-24.3x6.5x
Sat, 11 Mar 2023US$188.0bUS$31.0b-US$8,243,955,918.0021.5x-22.8x6.1x
Price to Earnings Ratio

-22.8x


Total Market Cap: US$188.0bTotal Earnings: -US$8,243,955,918.00Total Revenue: US$31.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1795.4x202420252026
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
SHOP ShopifyUS$121.874.2%
+US$6.4b		19.8%PE129.1x
NET CloudflareUS$178.919.2%
+US$5.3b		26.9%PS29x
VRSN VeriSignUS$235.4210.3%
+US$2.0b		-0.7%PE26.1x
SNOW SnowflakeUS$165.792.9%
+US$1.6b		-4.5%PS12.1x
TWLO TwilioUS$123.518.5%
+US$1.5b		7.6%PE553.1x

Latest News

SNOW
US$165.79
Snowflake
7D
2.9%
1Y
-4.5%
VNET
US$9.86
VNET Group
7D
-17.7%
1Y
-7.9%
DOCN
US$55.40
DigitalOcean Holdings
7D
-11.7%
1Y
37.1%
GDS
US$37.99
GDS Holdings
7D
-17.5%
1Y
7.2%
MDB
US$252.73
MongoDB
7D
-19.1%
1Y
-0.6%
WIX
US$74.36
Wix.com
7D
13.5%
1Y
-60.5%
CRWV
US$73.78
CoreWeave
7D
-25.7%
1Y
n/a
SHOP
US$121.87
Shopify
7D
4.2%
1Y
19.8%
GDDY
US$89.23
GoDaddy
7D
-3.3%
1Y
-49.4%
AKAM
US$102.08
Akamai Technologies
7D
1.9%
1Y
24.2%
VRSN
US$235.42
VeriSign
7D
10.3%
1Y
-0.7%

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.
NET
US$178.91
Cloudflare
7D
9.2%
1Y
26.9%
FSLY
US$21.14
Fastly
7D
19.6%
1Y
220.2%
KC
US$11.78
Kingsoft Cloud Holdings
7D
-10.5%
1Y
-26.5%

KC: Higher Margin Outlook And Lower Discount Rate Will Support Shares

Analysts have raised their price target for Kingsoft Cloud Holdings from about $14.21 to roughly $15.60, citing updated assumptions for revenue growth, profit margins, a slightly lower discount rate, and a modest adjustment to the expected future P/E multiple. Valuation Changes Fair Value: updated from $14.21 to $15.60, representing a modest upward adjustment to the modelled intrinsic value per share.
APLD
US$26.15
Applied Digital
7D
-14.7%
1Y
277.9%

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.
TWLO
US$123.51
Twilio
7D
8.5%
1Y
7.6%

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.