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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies40
  • 7D0.8%
  • 3M11.1%
  • 1Y79.0%
  • YTDn/a

The Internet Services and Infrastructure industry is up 2.2% in the last week, with Shopify up 4.0%. This takes the industry's 12 month performance to a gain of 79%. 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
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
Wed, 30 Nov 2022US$166.2bUS$29.3b-US$7,920,789,818.0027.3x-21x5.7x
Fri, 28 Oct 2022US$188.6bUS$30.0b-US$8,920,610,757.0024.1x-21.1x6.3x
Sun, 25 Sep 2022US$183.2bUS$29.6b-US$7,594,632,938.0022.3x-24.1x6.2x
Price to Earnings Ratio

-24.1x


Total Market Cap: US$183.2bTotal Earnings: -US$7,594,632,938.00Total Revenue: US$29.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1650.9x202320242025
Current Industry PE
  • Investors are optimistic on the American Internet Services and Infrastructure industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 1kx which is higher than its 3-year average PE of -2kx.
  • The 3-year average PS ratio of 8.5x is lower than the industry's current PS ratio of 12.0x.
Past Earnings Growth
  • Total earnings for the Internet Services and Infrastructure industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Internet Services and Infrastructure compare with similar industries?

US Market1.17%
Tech0.19%
IT0.75%
Internet Services and Infrastructure0.84%
IT Consulting0.66%
Data Processing Services-0.21%
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$147.874.0%
+US$7.4b		96.6%PE82x
CRWV CoreWeaveUS$120.863.2%
+US$1.9b		n/aPS17.8x
GDS GDS HoldingsUS$40.1419.8%
+US$1.3b		133.4%PE206.1x
WIX Wix.comUS$180.9910.3%
+US$943.9m		13.4%PE60.6x
APLD Applied DigitalUS$19.8316.8%
+US$890.9m		226.7%PS37x

Latest News

VNET
US$9.85
VNET Group
7D
24.2%
1Y
229.4%

VNET Group, Inc. (NASDAQ:VNET) Surges 27% Yet Its Low P/S Is No Reason For Excitement

Sep 18
VNET Group, Inc. (NASDAQ:VNET) Surges 27% Yet Its Low P/S Is No Reason For Excitement
MDB
US$315.38
MongoDB
7D
-5.8%
1Y
12.6%
SHOP
US$147.87
Shopify
7D
4.0%
1Y
96.6%
GDDY
US$144.09
GoDaddy
7D
-0.6%
1Y
-6.6%
SNOW
US$217.96
Snowflake
7D
-3.5%
1Y
96.8%

Enterprise AI Adoption And Cloud Migration Will Generate Lasting Momentum

Following robust Q2 results marked by accelerating product revenue growth, increased enterprise adoption, and strong AI-driven momentum across its platform, analysts have raised Snowflake’s consensus price target from $260.62 to $263.43. Analyst Commentary Bullish analysts raised price targets on Snowflake following Q2 results, citing a powerful acceleration in product revenue growth (31.5-32% y/y), significant outperformance versus guidance, and robust momentum across all product lines, including analytics, data engineering, AI/ML, and collaboration.
NET
US$213.88
Cloudflare
7D
-4.1%
1Y
173.9%

AI And IoT Adoption Will Transform Cloud Infrastructure

Key Takeaways Strong demand for cloud-native security and resilient infrastructure, with expanding high-value partnerships and rising adoption of zero-trust, is driving long-term growth and customer retention. Operational efficiencies, cross-selling, and innovation initiatives are improving profitability and margin outlook while unlocking new, high-margin business opportunities.
WYFI
US$20.95
WhiteFiber
7D
-11.2%
1Y
n/a
APLD
US$19.83
Applied Digital
7D
16.8%
1Y
226.7%
VRSN
US$287.77
VeriSign
7D
1.5%
1Y
60.5%
WIX
US$180.99
Wix.com
7D
10.3%
1Y
13.4%
TWLO
US$103.53
Twilio
7D
-0.7%
1Y
71.1%
KC
US$16.92
Kingsoft Cloud Holdings
7D
6.5%
1Y
676.1%

AI And Cloud Advances Will Unlock Future Value

Kingsoft Cloud Holdings’ future P/E ratio has sharply improved despite a slight decline in net profit margin, helping to keep the consensus price target essentially flat at $17.63. What's in the News Company expects revenue growth rate for the second half of 2025 to be significantly higher than the first half.
AKAM
US$75.84
Akamai Technologies
7D
-1.2%
1Y
-22.1%

Cloud, AI And Cybersecurity Will Unlock Future Opportunities

Analysts remain divided on Akamai Technologies due to concerns over consistent growth, particularly in Security and Delivery segments, and while recent strong results and guidance upgrades have fueled some optimism, the consensus Analyst Price Target is unchanged at $95.20. Analyst Commentary Concerns about Akamai's ability to deliver consistent growth across all business segments, with particular emphasis on the need for stabilization in Security and Delivery segment revenues.
CRWV
US$120.86
CoreWeave
7D
3.2%
1Y
n/a
OKTA
US$90.00
Okta
7D
-0.2%
1Y
21.8%
GDS
US$40.14
GDS Holdings
7D
19.8%
1Y
133.4%

900MW Land In China Will Expand AI Data Centers

GDS Holdings’ consensus price target has increased to $47.25 as analysts cite improved balance sheet strength from asset-backed deals and a REIT IPO, anticipated dual-primary listing in Hong Kong, and resumed high-end chip shipments in China as catalysts for higher valuation and growth. Analyst Commentary Bullish analysts cite improved valuation and balance sheet strength following asset-backed securities deals and a commercial real estate investment trust (C-REIT) IPO, which reduced net debt.