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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies40
  • 7D5.4%
  • 3M4.0%
  • 1Y50.8%
  • YTDn/a

The Internet Services and Infrastructure industry is up 5.4% in the last week, with Shopify up 4.8%. This means that the industry has gained 51% over the past year. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025US$520.1bUS$41.5b-US$257,968,505.9965.4x-2016x12.5x
Sun, 23 Nov 2025US$466.0bUS$41.0b-US$322,639,504.9365.1x-1444.2x11.4x
Tue, 21 Oct 2025US$553.3bUS$43.7bUS$431.5m91.3x1282.3x12.7x
Thu, 18 Sep 2025US$516.8bUS$43.9bUS$409.3m119.1x1262.8x11.8x
Sat, 16 Aug 2025US$468.4bUS$43.2bUS$359.4m118.1x1303.6x10.8x
Mon, 14 Jul 2025US$417.9bUS$36.5b-US$1,337,376,033.55123.3x-312.5x11.5x
Wed, 11 Jun 2025US$434.9bUS$36.5b-US$1,336,801,297.9499.7x-325.3x11.9x
Fri, 09 May 2025US$323.6bUS$34.5b-US$843,177,420.2160x-383.8x9.4x
Sun, 06 Apr 2025US$286.9bUS$38.9b-US$6,803,740.4458.6x-42168.9x7.4x
Tue, 04 Mar 2025US$363.7bUS$37.2b-US$131,395,092.1567.9x-2767.7x9.8x
Thu, 30 Jan 2025US$351.3bUS$31.7b-US$1,893,450,311.03108.9x-185.5x11.1x
Sat, 28 Dec 2024US$312.8bUS$32.1b-US$1,441,277,828.9674.8x-217x9.7x
Mon, 25 Nov 2024US$309.6bUS$31.9b-US$1,526,981,491.40103.3x-202.7x9.7x
Wed, 23 Oct 2024US$248.4bUS$30.6b-US$1,655,803,746.9469.5x-150x8.1x
Fri, 20 Sep 2024US$226.6bUS$30.7b-US$1,672,356,271.5962.3x-135.5x7.4x
Sun, 18 Aug 2024US$233.7bUS$30.2b-US$1,692,763,112.2637.8x-138x7.7x
Tue, 16 Jul 2024US$243.8bUS$33.9b-US$1,618,138,106.5423.7x-150.7x7.2x
Thu, 13 Jun 2024US$230.8bUS$33.9b-US$1,624,917,196.6721.5x-142.1x6.8x
Sat, 11 May 2024US$250.5bUS$33.5b-US$1,597,901,180.0922.1x-156.8x7.5x
Mon, 08 Apr 2024US$258.1bUS$28.5b-US$3,314,546,005.9367.8x-77.9x9x
Wed, 06 Mar 2024US$274.7bUS$28.5b-US$2,645,817,180.5230.3x-103.8x9.6x
Fri, 02 Feb 2024US$285.2bUS$29.0b-US$3,558,457,406.0020.4x-80.1x9.8x
Sun, 31 Dec 2023US$292.4bUS$29.0b-US$3,581,125,464.0020.4x-81.6x10.1x
Tue, 28 Nov 2023US$260.3bUS$28.5b-US$3,696,166,433.0020.7x-70.4x9.1x
Thu, 26 Oct 2023US$205.1bUS$27.7b-US$4,957,108,102.0021.2x-41.4x7.4x
Sat, 23 Sep 2023US$219.4bUS$27.7b-US$4,958,388,050.0020.5x-44.3x7.9x
Mon, 21 Aug 2023US$216.8bUS$27.2b-US$5,206,096,455.0020.8x-41.6x8x
Wed, 19 Jul 2023US$259.2bUS$27.5b-US$5,293,526,360.0019.8x-49x9.4x
Fri, 16 Jun 2023US$250.6bUS$27.5b-US$5,245,358,310.0018.9x-47.8x9.1x
Sun, 14 May 2023US$219.8bUS$27.4b-US$5,319,078,626.0018.9x-41.3x8x
Tue, 11 Apr 2023US$203.5bUS$31.1b-US$8,345,482,959.0023.3x-24.4x6.5x
Thu, 09 Mar 2023US$203.0bUS$30.9b-US$8,260,206,474.0022.2x-24.6x6.6x
Sat, 04 Feb 2023US$216.6bUS$30.0b-US$8,005,804,313.0027.7x-27.1x7.2x
Mon, 02 Jan 2023US$173.8bUS$29.9b-US$7,994,306,253.0026.1x-21.7x5.8x
Price to Earnings Ratio

-21.7x


Total Market Cap: US$173.8bTotal Earnings: -US$7,994,306,253.00Total Revenue: US$29.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1672.7x20242025
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 12.5x.
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 Market3.10%
Tech5.09%
IT2.12%
Internet Services and Infrastructure5.39%
Data Processing Services0.95%
IT Consulting-0.62%
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$169.454.8%
+US$10.1b		53.8%PE123.9x
CRWV CoreWeaveUS$78.8722.2%
+US$7.1b		n/aPS9.1x
NET CloudflareUS$202.665.9%
+US$3.9b		80.0%PS35.3x
SNOW SnowflakeUS$221.932.6%
+US$1.9b		36.1%PS17.3x
MDB MongoDBUS$435.515.6%
+US$1.9b		79.2%PS15.3x

Latest News

DOCN
US$49.17
DigitalOcean Holdings
7D
12.0%
1Y
38.2%

DOCN: AI Partnership And Takeover Buzz Will Drive Bullish Rerating

Analysts have raised their fair value estimate for DigitalOcean Holdings from 55 dollars to 65 dollars, citing expectations of faster revenue growth and a richer future earnings multiple, despite modeling lower long term profit margins and a slightly reduced discount rate. What's in the News Speculation about a potential takeover surfaced after the Betaville blog flagged DigitalOcean as a possible bid target, drawing trader attention to the stock (Betaville via The Fly).
CXDO
US$6.60
Crexendo
7D
-1.6%
1Y
25.7%

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

Dec 23
APLD
US$25.72
Applied Digital
7D
16.9%
1Y
193.3%

APLD: Long-Term Hyperscale Power Access Will Drive Future AI Leasing Demand

Analysts have lifted their average price target on Applied Digital to about $40 from roughly $23, citing the validation of its hyperscale data center strategy through the $11B CoreWeave contract, stronger than expected Q1 results, and a growing multi-gigawatt AI infrastructure pipeline supported by robust financing. Analyst Commentary Bullish analysts emphasize that Applied Digital is emerging as a key beneficiary of the accelerating shift toward AI infrastructure, with recent sector transactions underscoring the strategic value of power access and scalable data center capacity.
VRSN
US$245.75
VeriSign
7D
1.1%
1Y
22.0%

VRSN: Strong Q3 Execution Will Support Confidence Amid Parked Domain Advertising Headwinds

Analysts have modestly reduced their price target on VeriSign, trimming expectations by about $15 to reflect updated modeling around AdSense exposure. They continue to view recent Q3 results and management commentary as supportive of a constructive long term outlook.
OKTA
US$88.39
Okta
7D
-0.03%
1Y
6.3%
SNOW
US$221.93
Snowflake
7D
2.6%
1Y
36.1%
MDB
US$435.51
MongoDB
7D
5.6%
1Y
79.2%

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
MGRT
US$9.40
Mega Fortune
7D
-28.0%
1Y
n/a

Estimating The Intrinsic Value Of Mega Fortune Company Limited (NASDAQ:MGRT)

Dec 19
Estimating The Intrinsic Value Of Mega Fortune Company Limited (NASDAQ:MGRT)
SHOP
US$169.45
Shopify
7D
4.8%
1Y
53.8%

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$202.66
Cloudflare
7D
5.9%
1Y
80.0%

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.
RXT
US$0.99
Rackspace Technology
7D
-4.8%
1Y
-55.4%

RXT: AI And Cloud Wins Will Support Stronger Future Earnings Potential

Analysts have modestly raised their price target on Rackspace Technology, citing slightly stronger projected revenue growth and a lower expected future P/E multiple as key supports for their updated fair value estimate, which is moving from 1.75 dollars to 2.00 dollars despite a marginally higher discount rate. What's in the News NiterraEMEA GmbH selected Rackspace Technology to lead a rapid migration to Google Cloud, consolidating three global data centers and moving its entire SAP environment in just two months with no operational disruption (client announcement).
KC
US$10.67
Kingsoft Cloud Holdings
7D
-2.4%
1Y
19.6%

KC: Higher Future Multiple Will Support Shares Despite Slower Expansion

Analysts have raised their price target for Kingsoft Cloud Holdings by approximately 9 percent to an implied fair value of about $14.18 per share, citing a higher long term valuation multiple despite moderating revenue growth expectations and largely unchanged profit margin forecasts. What's in the News Board meeting scheduled for November 19, 2025, to review and approve unaudited third quarter 2025 results for Kingsoft Cloud Holdings and its consolidated entities (company filing).
CRWV
US$78.87
CoreWeave
7D
22.2%
1Y
n/a
CSAI
US$1.03
Cloudastructure
7D
-2.8%
1Y
n/a