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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies43
  • 7D-2.6%
  • 3M-18.3%
  • 1Y22.2%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has dropped 2.6%, driven by a pullback from Shopify of 5.0%. On the other hand DigitalOcean Holdings is actually up 20%. In the past year, the industry has gained 22%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026US$441.1bUS$44.5b-US$1,082,182,256.8858.2x-407.6x9.9x
Tue, 17 Feb 2026US$439.3bUS$42.9b-US$738,958,408.6156.1x-594.5x10.2x
Thu, 15 Jan 2026US$510.6bUS$41.6b-US$167,301,074.0459.1x-3052x12.3x
Sat, 13 Dec 2025US$515.2bUS$41.5b-US$257,655,004.4152.8x-1999.6x12.4x
Mon, 10 Nov 2025US$524.8bUS$40.0b-US$771,423,059.34100.4x-680.3x13.1x
Wed, 08 Oct 2025US$559.6bUS$43.7bUS$475.1m89.4x1178x12.8x
Fri, 05 Sep 2025US$487.2bUS$43.9bUS$410.5m107x1186.7x11.1x
Sun, 03 Aug 2025US$426.3bUS$36.7b-US$1,273,759,235.36111.6x-334.7x11.6x
Tue, 01 Jul 2025US$450.4bUS$36.5b-US$1,337,523,804.68113.1x-336.7x12.3x
Thu, 29 May 2025US$401.0bUS$36.3b-US$1,378,969,148.9386.3x-290.8x11.1x
Sat, 26 Apr 2025US$332.4bUS$38.9bUS$20.3m59.7x16406.4x8.5x
Mon, 24 Mar 2025US$333.5bUS$37.4bUS$784.3m85.3x425.3x8.9x
Wed, 19 Feb 2025US$407.1bUS$37.0bUS$42.6m71.1x9547.5x11x
Fri, 17 Jan 2025US$305.5bUS$31.7b-US$1,880,808,558.9296.7x-162.4x9.6x
Sun, 15 Dec 2024US$321.5bUS$32.1b-US$1,444,762,893.7977.8x-222.6x10x
Tue, 12 Nov 2024US$257.8bUS$31.2b-US$1,613,297,650.7195.8x-159.8x8.3x
Thu, 10 Oct 2024US$240.5bUS$30.6b-US$1,670,105,119.5566.5x-144x7.8x
Sat, 07 Sep 2024US$213.5bUS$30.6b-US$1,668,832,431.7154.9x-127.9x7x
Mon, 05 Aug 2024US$200.0bUS$29.7b-US$3,150,906,540.5623x-63.5x6.7x
Wed, 03 Jul 2024US$244.7bUS$33.9b-US$1,618,227,913.1622.1x-151.2x7.2x
Fri, 31 May 2024US$232.8bUS$33.8b-US$1,563,199,755.4122x-149x6.9x
Sun, 28 Apr 2024US$251.0bUS$28.6b-US$3,372,701,988.4760.7x-74.4x8.8x
Tue, 26 Mar 2024US$264.9bUS$28.5b-US$2,576,902,373.0930x-102.8x9.3x
Thu, 22 Feb 2024US$286.2bUS$28.2b-US$2,796,109,541.1929.5x-102.4x10.2x
Sat, 20 Jan 2024US$278.9bUS$29.0b-US$3,559,408,649.0020.4x-78.4x9.6x
Mon, 18 Dec 2023US$288.4bUS$29.0b-US$3,579,329,026.0020.6x-80.6x9.9x
Wed, 15 Nov 2023US$238.3bUS$28.5b-US$3,755,756,393.0021.1x-63.5x8.4x
Fri, 13 Oct 2023US$231.0bUS$27.7b-US$4,958,149,120.0020.7x-46.6x8.3x
Sun, 10 Sep 2023US$244.5bUS$27.7b-US$4,940,402,464.0020.6x-49.5x8.8x
Tue, 08 Aug 2023US$235.7bUS$27.4b-US$5,261,900,275.0020.5x-44.8x8.6x
Thu, 06 Jul 2023US$244.8bUS$27.4b-US$5,288,016,533.0018.9x-46.3x8.9x
Sat, 03 Jun 2023US$238.8bUS$27.5b-US$5,248,305,860.0016.8x-45.5x8.7x
Mon, 01 May 2023US$202.4bUS$30.8b-US$7,876,023,481.0019.3x-25.7x6.6x
Wed, 29 Mar 2023US$197.5bUS$31.2b-US$8,405,077,931.0022.9x-23.5x6.3x
Price to Earnings Ratio

-23.5x


Total Market Cap: US$197.5bTotal Earnings: -US$8,405,077,931.00Total Revenue: US$31.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1801.6x202420252026
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-1.86%
Tech-1.70%
IT-1.61%
Internet Services and Infrastructure-2.63%
IT Consulting-0.55%
Data Processing Services-1.06%
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
DOCN DigitalOcean HoldingsUS$82.6520.4%
+US$1.3b		124.0%PE29.3x
NET CloudflareUS$215.421.4%
+US$1.0b		80.7%PS35x
GDDY GoDaddyUS$84.894.5%
+US$489.4m		-52.9%PE12.9x
AKAM Akamai TechnologiesUS$110.482.6%
+US$407.1m		36.3%PE35.4x
VRSN VeriSignUS$240.780.9%
+US$199.9m		-1.5%PE26.7x

Latest News

VNET
US$8.82
VNET Group
7D
-16.1%
1Y
1.3%
SNOW
US$168.02
Snowflake
7D
-6.0%
1Y
6.1%

Burning Paper, Printing Cash: How a $300M Loss Is Hiding Success

The latest financial data for the fourth quarter of 2026 shows a company that is growing fast and holding a lot of cash. While spending remains high, the business is seeing a significant increase in money coming in from customers.
NET
US$215.42
Cloudflare
7D
1.4%
1Y
80.7%

NET: AI Infrastructure Momentum And Security Partnerships Will Shape Balanced Outlook

Cloudflare's updated analyst price target edges higher to about $232, as analysts balance a series of recent target cuts and upgrades with views that the recent sector selloff tied to Claude Code Security appears disconnected from the core cybersecurity businesses they cover. Analyst Commentary Recent research on Cloudflare reflects a split tape, with several firms cutting price targets while others issue upgrades or modest target increases.
APLD
US$25.93
Applied Digital
7D
-4.1%
1Y
266.8%
MDB
US$261.16
MongoDB
7D
0.3%
1Y
35.6%

MDB: Fair Outlook Balances AI Data Ambition With Atlas And Leadership Uncertainty

Analysts are resetting expectations for MongoDB, applying a lower implied valuation multiple and assuming more gradual margin expansion. This feeds through to the updated price target while keeping revenue assumptions broadly in line and recognizing improving profit margin assumptions in the model.
DOCN
US$82.65
DigitalOcean Holdings
7D
20.4%
1Y
124.0%

DOCN: AI Capacity Hype Will Likely Outrun Execution And Utilization

The analyst fair value estimate for DigitalOcean has increased from $32.00 to $57.00. This reflects higher Street price targets tied to stronger AI related growth expectations, updated long term revenue outlooks, and a higher assumed future P/E multiple, even as some firms maintain more cautious ratings.
WYFI
US$13.85
WhiteFiber
7D
-12.1%
1Y
n/a
AKAM
US$110.48
Akamai Technologies
7D
2.6%
1Y
36.3%

AKAM: Heavy AI And Compute Spending Will Pressure Margins And Share Returns

Akamai’s updated analyst price target framework edges higher as modestly adjusted assumptions on fair value, growth, margins and future P/E reflect analysts’ focus on stabilizing delivery trends, rising contributions from security and compute, and sector-wide AI optimism, despite mixed views on near term investment and profitability. Analyst Commentary Recent Street research on Akamai highlights a split view.
FSLY
US$25.20
Fastly
7D
2.5%
1Y
254.4%

FSLY: Future Returns Will Hinge On Executing Revenue Guidance Under Mixed Street Conviction

The updated analyst framework lifts Fastly's fair value estimate from $10.42 to $13.71, as analysts point to improving execution and the potential for valuation multiple expansion reflected in recent upward revisions to Street price targets. Analyst Commentary Recent research notes show a mix of enthusiasm and caution around Fastly, with several firms adjusting price targets and one firm changing its rating.
SHOP
US$116.78
Shopify
7D
-5.0%
1Y
12.1%

SHOP: Agentic Commerce Optimism Will Face Test As Expectations Stay Elevated

Shopify's analyst fair value estimate has been modestly adjusted from $111.12 to $110.00 as analysts factor in updated assumptions around discount rates, revenue growth, profit margins, and a slightly lower future P/E. Recent research highlights both rising price targets from bulls focused on AI and agentic commerce potential, and reductions from others citing valuation reset and sector multiple compression.
GDDY
US$84.89
GoDaddy
7D
4.5%
1Y
-52.9%

GDDY: AI Agent Identity Push Will Face Execution And Competitive Tests

Narrative Update Analysts have shifted GoDaddy's implied fair value from $130 to $77, pointing to lower price targets tied to softer bookings trends, more modest revenue growth assumptions, and a reduced future P/E multiple, even as margin expectations edge higher on AI driven efficiencies and product mix. Analyst Commentary Recent Street research on GoDaddy clusters around a reset in expectations, with multiple bearish analysts trimming price targets and flagging execution risks around the newer go to market approach and AI related competitive pressures.
GDS
US$41.38
GDS Holdings
7D
-3.5%
1Y
49.5%
OKTA
US$78.41
Okta
7D
-0.9%
1Y
-31.1%
VRSN
US$240.78
VeriSign
7D
0.9%
1Y
-1.5%

VRSN: Steady .Com Base And Buybacks Will Support Future Cash Returns

Analysts have trimmed their average price target on VeriSign by $57, citing updated models that reflect a slightly higher discount rate and P/E assumption, even as they acknowledge steady. com domain trends and fairly valued shares.
KC
US$13.27
Kingsoft Cloud Holdings
7D
-2.0%
1Y
-14.0%
CRWV
US$81.47
CoreWeave
7D
0.4%
1Y
n/a