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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies43
  • 7D-0.9%
  • 3M-12.6%
  • 1Y29.5%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has remained flat, although notably CoreWeave gained 15%. As for the the longer term, the industry is up 29% over the past 12 months. 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, 17 Mar 2026US$437.8bUS$44.4b-US$1,090,974,140.7255.2x-401.3x9.9x
Thu, 12 Feb 2026US$438.6bUS$41.7b-US$167,711,382.7750x-2615.4x10.5x
Sat, 10 Jan 2026US$511.5bUS$41.6b-US$167,273,771.9759.1x-3058.1x12.3x
Mon, 08 Dec 2025US$508.4bUS$41.5b-US$257,537,125.2757.5x-1974x12.3x
Wed, 05 Nov 2025US$575.8bUS$40.0b-US$879,985,963.80104.4x-654.4x14.4x
Fri, 03 Oct 2025US$533.5bUS$43.7bUS$475.1m83.9x1123x12.2x
Sun, 31 Aug 2025US$502.2bUS$43.9bUS$414.1m108.6x1212.8x11.4x
Tue, 29 Jul 2025US$448.3bUS$36.5b-US$1,336,680,015.16117x-335.4x12.3x
Thu, 26 Jun 2025US$451.6bUS$36.5b-US$1,337,123,174.4998.5x-337.7x12.4x
Sat, 24 May 2025US$387.3bUS$36.2b-US$1,481,362,030.6881.8x-261.4x10.7x
Mon, 21 Apr 2025US$301.0bUS$38.9bUS$20.9m53.5x14429.6x7.7x
Wed, 19 Mar 2025US$324.3bUS$37.5bUS$334.8m87.2x968.7x8.7x
Fri, 14 Feb 2025US$373.0bUS$32.3b-US$1,245,153,005.2781.9x-299.5x11.6x
Sun, 12 Jan 2025US$303.5bUS$31.7b-US$1,751,922,258.7996.9x-173.2x9.6x
Tue, 10 Dec 2024US$337.7bUS$32.0b-US$1,466,602,861.4778.2x-230.3x10.5x
Thu, 07 Nov 2024US$243.7bUS$30.7b-US$1,514,962,494.7970.2x-160.9x7.9x
Sat, 05 Oct 2024US$232.1bUS$30.7b-US$1,674,636,515.4062.9x-138.6x7.6x
Mon, 02 Sep 2024US$230.1bUS$30.6b-US$1,669,295,370.4159.1x-137.8x7.5x
Wed, 31 Jul 2024US$233.1bUS$33.9b-US$1,619,593,301.1823.8x-143.9x6.9x
Fri, 28 Jun 2024US$236.1bUS$33.9b-US$1,619,880,390.4221.9x-145.8x7x
Sun, 26 May 2024US$243.6bUS$33.7b-US$1,640,640,814.6622.9x-148.5x7.2x
Tue, 23 Apr 2024US$238.2bUS$28.6b-US$3,373,752,252.0055.6x-70.6x8.3x
Thu, 21 Mar 2024US$261.9bUS$28.6b-US$2,608,927,224.5830.3x-100.4x9.2x
Sat, 17 Feb 2024US$302.9bUS$28.2b-US$2,798,975,578.8930.1x-108.2x10.7x
Mon, 15 Jan 2024US$286.6bUS$29.0b-US$3,575,658,959.0020.4x-80.2x9.9x
Wed, 13 Dec 2023US$273.6bUS$29.0b-US$3,575,641,420.0020.7x-76.5x9.4x
Fri, 10 Nov 2023US$238.1bUS$28.5b-US$3,753,266,751.0021.5x-63.4x8.4x
Sun, 08 Oct 2023US$225.3bUS$27.7b-US$4,958,166,031.0020.3x-45.5x8.1x
Tue, 05 Sep 2023US$248.3bUS$27.7b-US$4,945,883,799.0020.6x-50.2x9x
Thu, 03 Aug 2023US$239.5bUS$27.5b-US$5,292,529,854.0019.8x-45.3x8.7x
Sat, 01 Jul 2023US$245.9bUS$27.4b-US$5,287,410,211.0018.8x-46.5x9x
Mon, 29 May 2023US$221.5bUS$27.3b-US$5,417,949,308.0017.1x-40.9x8.1x
Wed, 26 Apr 2023US$197.0bUS$31.1b-US$8,336,811,434.0023.3x-23.6x6.3x
Fri, 24 Mar 2023US$202.7bUS$31.2b-US$8,410,257,861.0022.4x-24.1x6.5x
Price to Earnings Ratio

-24.1x


Total Market Cap: US$202.7bTotal Earnings: -US$8,410,257,861.00Total Revenue: US$31.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1799.8x202420252026
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 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-2.40%
Tech-2.42%
IT-2.53%
Internet Services and Infrastructure-0.92%
IT Consulting-4.13%
Data Processing Services-5.20%
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$85.8615.4%
+US$6.0b		n/aPS8.8x
NET CloudflareUS$207.332.9%
+US$2.1b		78.7%PS33.7x
DOCN DigitalOcean HoldingsUS$72.0125.2%
+US$1.3b		95.3%PE25.6x
AKAM Akamai TechnologiesUS$105.443.3%
+US$482.5m		27.4%PE33.8x
GDS GDS HoldingsUS$43.164.4%
+US$362.7m		21.7%PE51.2x

Latest News

OKTA
US$77.16
Okta
7D
-3.2%
1Y
-33.3%
GDS
US$43.16
GDS Holdings
7D
4.4%
1Y
21.7%

GDS: Governance Shift And Preferred Financing Will Support Future Upside Potential

Analysts have nudged their price target on GDS Holdings higher to about $53.72 from roughly $52.89. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E levels.
DOCN
US$72.01
DigitalOcean Holdings
7D
25.2%
1Y
95.3%
VRSN
US$241.26
VeriSign
7D
-0.5%
1Y
1.1%

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.
SHOP
US$126.58
Shopify
7D
-5.2%
1Y
31.0%
KC
US$13.72
Kingsoft Cloud Holdings
7D
-3.9%
1Y
-23.9%
CRWV
US$85.86
CoreWeave
7D
15.4%
1Y
n/a
FSLY
US$22.79
Fastly
7D
4.4%
1Y
214.3%
SNOW
US$174.40
Snowflake
7D
-4.6%
1Y
11.5%

SNOW: OpenAI Alliance And AI Workloads Will Drive Future Platform Adoption

We are trimming our Snowflake fair value estimate by about $25.80 to $341.03, reflecting a higher discount rate and lower future P/E assumption, even as analysts point to solid Q4 execution, accelerating AI use cases, and generally supportive long term growth and margin profiles in their updated price targets. Analyst Commentary Street research around Snowflake has been active, with most firms adjusting price targets while still expressing confidence in the company’s execution, AI positioning, and long term opportunity.
AKAM
US$105.44
Akamai Technologies
7D
3.3%
1Y
27.4%
WIX
US$87.96
Wix.com
7D
-4.4%
1Y
-49.7%
NET
US$207.33
Cloudflare
7D
2.9%
1Y
78.7%

NET: AI Infrastructure And JD Cloud Partnership Will Drive Future Upside

Analysts have trimmed their average Cloudflare price target slightly by about $1 to reflect a higher discount rate and sharply lower modeled profit margins, while still highlighting continued revenue strength and questioning recent security sector selling linked to Claude Code Security news. Analyst Commentary Recent research on Cloudflare reflects a split tape, with several banks trimming price targets on valuation and margin assumptions at the same time others are upgrading ratings or lifting targets on product momentum and AI exposure.
MDB
US$266.95
MongoDB
7D
-1.8%
1Y
38.3%

MDB: Fair Outlook Sees AI Data Opportunity Tempered By Atlas And Leadership Uncertainty

Narrative Update Our updated analyst price target for MongoDB moves from $340.43 to $250.00, reflecting analysts' lower long term revenue growth assumptions, a slightly higher discount rate and a more conservative future P/E multiple, even as they highlight ongoing AI related opportunities and the recent post earnings selloff as a reset in expectations rather than a change in the core story. Analyst Commentary A wave of post earnings research on MongoDB has centered on resetting expectations after mixed guidance and a sharp pullback in the share price.
APLD
US$27.71
Applied Digital
7D
2.5%
1Y
277.5%

APLD: Hyperscale Power Leases And New AI Campuses Will Drive Future Upside

Analysts are keeping their $36 price target on Applied Digital steady, citing recent hyperscaler leases, expanded AI infrastructure contracts, and continued buy ratings across the Street as reasons to maintain their existing valuation framework, even as they update assumptions for discount rate, growth, margins, and future P/E. Analyst Commentary Street research on Applied Digital has generally highlighted strong interest in its AI focused infrastructure model, supported by long term colocation leases and a growing pipeline of potential hyperscaler agreements.
GDDY
US$82.10
GoDaddy
7D
-10.5%
1Y
-54.4%

GDDY: AI Agentic Offerings Will Support Margins And Long Term Returns

Narrative Update on GoDaddy Analysts have reset expectations for GoDaddy, with our illustrative fair value moving from about $175.00 to roughly $119.43 as lower Street price targets, tempered revenue growth assumptions, and a reduced future P/E outlook reflect concerns over softer 2026 guidance, bookings trends, and ongoing debate around AI related competitive risks, even as newer AI driven offerings and margin guidance keep longer term potential in focus. Analyst Commentary Street research has shifted sharply lower on GoDaddy's valuation assumptions, with a series of reduced price targets clustering in the US$77 to US$210 range.
SHAZ
US$24.87
SharonAI Holdings
7D
33.8%
1Y
n/a