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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedDec 28, 2025
DataAggregated Company Financials
Companies40
  • 7D-0.09%
  • 3M2.5%
  • 1Y52.2%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has remained flat, although notably Cloudflare gained 3.4%. As for the the longer term, the industry is up 52% over the past 12 months. 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
Mon, 29 Dec 2025US$516.7bUS$41.5b-US$258,030,208.6665.4x-2002.4x12.4x
Wed, 26 Nov 2025US$487.7bUS$41.0b-US$322,815,079.0162.8x-1510.8x11.9x
Fri, 24 Oct 2025US$543.1bUS$43.7bUS$431.5m92.6x1258.8x12.4x
Sun, 21 Sep 2025US$537.3bUS$43.9bUS$398.9m98x1347.1x12.2x
Tue, 19 Aug 2025US$471.0bUS$43.2bUS$359.5m115.7x1310.3x10.9x
Thu, 17 Jul 2025US$435.9bUS$36.5b-US$1,337,040,381.42122.6x-326x12x
Sat, 14 Jun 2025US$418.3bUS$36.5b-US$1,336,977,212.0389.4x-312.8x11.5x
Mon, 12 May 2025US$323.9bUS$35.1b-US$1,301,210,103.8967.1x-248.9x9.2x
Wed, 09 Apr 2025US$289.3bUS$38.9b-US$3,990,923.7055.6x-72495.3x7.4x
Fri, 07 Mar 2025US$361.9bUS$37.4bUS$1.4m73.1x259147.8x9.7x
Sun, 02 Feb 2025US$347.1bUS$31.7b-US$1,902,253,303.65109.1x-182.4x10.9x
Tue, 31 Dec 2024US$307.2bUS$31.7b-US$1,757,059,249.2199.7x-174.8x9.7x
Thu, 28 Nov 2024US$316.7bUS$32.0b-US$1,564,249,397.61106.5x-202.5x9.9x
Sat, 26 Oct 2024US$240.9bUS$30.7b-US$1,656,297,427.2467x-145.4x7.9x
Mon, 23 Sep 2024US$234.0bUS$30.7b-US$1,675,121,051.6960.8x-139.7x7.6x
Wed, 21 Aug 2024US$237.4bUS$30.2b-US$1,699,941,267.6737.5x-139.7x7.9x
Fri, 19 Jul 2024US$244.2bUS$33.9b-US$1,618,071,237.0423.4x-150.9x7.2x
Sun, 16 Jun 2024US$235.7bUS$33.9b-US$1,622,053,982.0421.7x-145.3x7x
Tue, 14 May 2024US$247.2bUS$33.5b-US$1,596,761,913.0623x-154.8x7.4x
Thu, 11 Apr 2024US$258.9bUS$28.5b-US$3,318,967,202.7564x-78x9.1x
Sat, 09 Mar 2024US$265.9bUS$28.6b-US$2,609,908,080.8530.7x-101.9x9.3x
Mon, 05 Feb 2024US$302.3bUS$29.0b-US$3,557,538,960.0020.4x-85x10.4x
Wed, 03 Jan 2024US$275.9bUS$29.0b-US$3,577,553,003.0020.4x-77.1x9.5x
Fri, 01 Dec 2023US$268.5bUS$28.8b-US$3,583,478,733.0020.4x-74.9x9.3x
Sun, 29 Oct 2023US$202.4bUS$27.7b-US$4,957,052,079.0021.5x-40.8x7.3x
Tue, 26 Sep 2023US$219.5bUS$27.7b-US$4,957,552,864.0020.6x-44.3x7.9x
Thu, 24 Aug 2023US$228.1bUS$27.2b-US$5,145,393,274.0020.8x-44.3x8.4x
Sat, 22 Jul 2023US$248.5bUS$27.5b-US$5,292,733,602.0019.9x-47x9x
Mon, 19 Jun 2023US$250.2bUS$27.5b-US$5,244,908,869.0018.8x-47.7x9.1x
Wed, 17 May 2023US$221.6bUS$27.4b-US$5,317,151,844.0019.2x-41.7x8.1x
Fri, 14 Apr 2023US$205.1bUS$31.1b-US$8,346,651,131.0024.8x-24.6x6.6x
Sun, 12 Mar 2023US$188.0bUS$31.0b-US$8,243,955,918.0021.5x-22.8x6.1x
Tue, 07 Feb 2023US$210.7bUS$30.0b-US$8,004,093,761.0027.1x-26.3x7x
Thu, 05 Jan 2023US$174.5bUS$29.9b-US$7,995,188,713.0026.6x-21.8x5.8x
Price to Earnings Ratio

-21.8x


Total Market Cap: US$174.5bTotal Earnings: -US$7,995,188,713.00Total Revenue: US$29.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1678.1x20242025
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 12.4x.
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 Market1.25%
Tech1.60%
IT0.25%
Internet Services and Infrastructure-0.086%
Data Processing Services0.99%
IT Consulting0.55%
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
NET CloudflareUS$202.393.4%
+US$2.4b		83.0%PS35.2x
SHOP ShopifyUS$170.830.7%
+US$1.6b		57.9%PE124.9x
SNOW SnowflakeUS$223.880.6%
+US$485.9m		41.1%PS17.5x
MDB MongoDBUS$435.851.2%
+US$424.1m		82.9%PS15.3x
VRSN VeriSignUS$246.320.9%
+US$212.3m		20.8%PE28.2x

Latest News

OKTA
US$88.61
Okta
7D
-1.8%
1Y
8.5%
KC
US$10.73
Kingsoft Cloud Holdings
7D
-5.1%
1Y
-14.6%

KC: Equity Offering Will Support Liquidity And Future Upside Potential

Analysts have trimmed their price target on Kingsoft Cloud Holdings to approximately $21.10 from about $24.32, reflecting slightly weaker assumptions on revenue growth, margins, and long term valuation multiples. What's in the News Completed a follow on equity offering of approximately HKD 2.80 billion, issuing 338 million ordinary shares at HKD 8.29 per share, supporting capital needs and liquidity (company filing) Equity transaction structured under Regulation S with a subsequent direct listing component, potentially broadening the shareholder base and enhancing trading flexibility (company filing) Board meeting scheduled for November 19, 2025 to review and approve unaudited third quarter 2025 results for the company, its subsidiaries, and consolidated affiliated entities (company announcement) Valuation Changes Fair Value Estimate reduced moderately from approximately $24.32 to about $21.10 per share, implying a lower intrinsic valuation.
SNOW
US$223.88
Snowflake
7D
0.6%
1Y
41.1%

SNOW: Rising AI Hype Will Likely Expose Fragile Premium Multiple

Our fair value estimate for Snowflake has increased by approximately $12 per share to about $198, as analysts point to higher Street price targets driven by robust AI fueled demand, stronger second half 2025 expectations, and growing conviction in the company’s long term revenue scale and earnings power. Analyst Commentary Recent Street research has turned incrementally more constructive on Snowflake, with multiple firms lifting price targets into the $295 to $325 range and reiterating positive ratings.
DOCN
US$49.52
DigitalOcean Holdings
7D
4.2%
1Y
41.8%

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).
WIX
US$105.50
Wix.com
7D
1.0%
1Y
-51.7%

WIX: Elevated AI And Base44 Investment Will Drive Long-Term Monetization Potential

Analysts have trimmed their fair value estimate for Wix.com to $164.00 from $167.15, citing lowered Street price targets amid higher near term AI and Base44 investment pressure on margins, even as they remain constructive on the company’s long term AI led growth and monetization potential. Analyst Commentary Bullish analysts highlight that Wix.com continues to deliver accelerating bookings and revenue growth, underpinned by strong new cohort momentum and outperformance from Base44 despite near term margin pressure.
APLD
US$24.05
Applied Digital
7D
-13.6%
1Y
186.7%

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$246.32
VeriSign
7D
0.9%
1Y
20.8%

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.
AKAM
US$88.42
Akamai Technologies
7D
-0.9%
1Y
-8.8%
MDB
US$435.85
MongoDB
7D
1.2%
1Y
82.9%

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$8.97
Mega Fortune
7D
22.9%
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)
GDDY
US$127.07
GoDaddy
7D
-0.1%
1Y
-37.5%
SHOP
US$170.83
Shopify
7D
0.7%
1Y
57.9%

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.
TWLO
US$140.46
Twilio
7D
-0.9%
1Y
28.5%

TWLO: Voice AI And RCS Momentum Will Drive Stronger Share Performance

Analysts modestly raised their Twilio fair value estimate to $175 from $170, citing improving post earnings sentiment, a supportive revenue outlook driven by growing voice AI and RCS infrastructure demand, and resilient profitability expectations despite a slightly higher discount rate. Analyst Commentary Bullish analysts highlighted that the latest earnings update reinforced confidence in Twilio's execution, prompting upward revisions to price targets and reaffirmation of positive ratings.
NET
US$202.39
Cloudflare
7D
3.4%
1Y
83.0%

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.
GDS
US$35.40
GDS Holdings
7D
-1.5%
1Y
58.8%

GDS: 2025 Leasing Pipeline Will Support Long-Term Earnings Upside

Analysts have nudged their fair value estimate for GDS Holdings modestly higher, from about $61.83 to $63.03. They cited supportive Street research that highlights solid long term revenue growth prospects, despite a slightly lower near term price target and mixed quarterly results.
CRWV
US$76.42
CoreWeave
7D
-7.9%
1Y
n/a