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U.S. Internet Services and Infrastructure Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies39
  • 7D7.0%
  • 3M-1.1%
  • 1Y58.4%
  • YTDn/a

Over the last 7 days, the Internet Services and Infrastructure industry has risen 7.0%, driven by gains from Cloudflare of 16%. This takes the industry's 12 month performance to a gain of 58%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026US$463.5bUS$44.6b-US$1,087,844,989.9266.3x-426x10.4x
Fri, 20 Mar 2026US$442.3bUS$44.5b-US$1,082,295,789.8757.4x-408.7x9.9x
Sun, 15 Feb 2026US$439.3bUS$42.9b-US$738,958,408.6156.1x-594.5x10.2x
Tue, 13 Jan 2026US$517.8bUS$41.6b-US$167,306,353.1560.5x-3094.7x12.4x
Thu, 11 Dec 2025US$522.5bUS$41.5b-US$257,583,009.7551.7x-2028.6x12.6x
Sat, 08 Nov 2025US$523.0bUS$40.0b-US$771,300,059.34100.4x-678x13.1x
Mon, 06 Oct 2025US$549.6bUS$43.7bUS$475.1m89.3x1156.9x12.6x
Wed, 03 Sep 2025US$502.2bUS$43.9bUS$414.3m106.4x1212.3x11.4x
Fri, 01 Aug 2025US$439.5bUS$36.4b-US$1,252,722,032.47115.1x-350.9x12.1x
Sun, 29 Jun 2025US$447.9bUS$36.5b-US$1,337,263,933.92114.6x-334.9x12.3x
Tue, 27 May 2025US$382.9bUS$36.2b-US$1,481,667,428.0781.8x-258.4x10.6x
Thu, 24 Apr 2025US$309.1bUS$38.9bUS$20.2m57.3x15285.8x7.9x
Sat, 22 Mar 2025US$329.0bUS$37.4bUS$784.2m85.3x419.5x8.8x
Mon, 17 Feb 2025US$407.1bUS$37.0bUS$38.8m70.4x10493.6x11x
Wed, 15 Jan 2025US$299.6bUS$31.7b-US$1,752,104,206.9594.9x-171x9.5x
Fri, 13 Dec 2024US$329.7bUS$32.1b-US$1,445,828,044.1278x-228x10.3x
Sun, 10 Nov 2024US$257.7bUS$31.2b-US$1,619,184,752.9593.4x-159.1x8.3x
Tue, 08 Oct 2024US$241.9bUS$30.7b-US$1,680,951,569.2162.3x-143.9x7.9x
Thu, 05 Sep 2024US$222.0bUS$30.6b-US$1,665,504,662.2557.2x-133.3x7.3x
Sat, 03 Aug 2024US$205.2bUS$29.7b-US$3,150,906,540.5623x-65.1x6.9x
Mon, 01 Jul 2024US$242.2bUS$33.9b-US$1,618,860,882.5521.9x-149.6x7.1x
Wed, 29 May 2024US$243.6bUS$33.7b-US$1,640,276,474.2622.5x-148.5x7.2x
Fri, 26 Apr 2024US$246.5bUS$28.6b-US$3,373,920,095.2656.3x-73.1x8.6x
Sun, 24 Mar 2024US$264.9bUS$28.5b-US$2,575,512,297.7930.2x-102.8x9.3x
Tue, 20 Feb 2024US$296.3bUS$28.2b-US$2,795,582,376.7530.1x-106x10.5x
Thu, 18 Jan 2024US$283.1bUS$29.0b-US$3,558,885,710.0020.4x-79.5x9.7x
Sat, 16 Dec 2023US$288.4bUS$29.0b-US$3,579,329,026.0020.6x-80.6x9.9x
Mon, 13 Nov 2023US$237.3bUS$28.5b-US$3,753,370,281.0021.3x-63.2x8.3x
Wed, 11 Oct 2023US$231.1bUS$27.7b-US$4,958,492,249.0020.3x-46.6x8.3x
Fri, 08 Sep 2023US$245.3bUS$27.7b-US$4,941,306,027.0020.6x-49.7x8.9x
Sun, 06 Aug 2023US$236.5bUS$27.4b-US$5,263,429,461.0020x-44.9x8.6x
Tue, 04 Jul 2023US$247.1bUS$27.4b-US$5,288,468,532.0019x-46.7x9x
Thu, 01 Jun 2023US$229.6bUS$27.2b-US$5,415,697,179.0018.5x-42.4x8.4x
Sat, 29 Apr 2023US$202.4bUS$31.2b-US$8,334,864,172.0024.3x-24.3x6.5x
Price to Earnings Ratio

-24.3x


Total Market Cap: US$202.4bTotal Earnings: -US$8,334,864,172.00Total Revenue: US$31.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1811.9x202420252026
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 9.5x.
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 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 Market1.31%
Tech4.29%
IT5.81%
Internet Services and Infrastructure6.97%
IT Consulting4.59%
Data Processing Services2.41%
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$207.6716.2%
+US$10.2b		94.4%PS33.7x
SNOW SnowflakeUS$150.8411.3%
+US$5.3b		7.6%PS11.1x
SHOP ShopifyUS$131.132.9%
+US$4.9b		44.2%PE138.9x
TWLO TwilioUS$145.3017.2%
+US$3.2b		73.2%PE650.7x
OKTA OktaUS$77.6421.1%
+US$2.4b		-17.7%PE58.4x

Latest News

TWLO
US$145.30
Twilio
7D
17.2%
1Y
73.2%

Twilio: A Transition Story Caught Between Growth And Maturity

Apr 22
DOCN
US$94.71
DigitalOcean Holdings
7D
28.9%
1Y
255.0%
OKTA
US$77.64
Okta
7D
21.1%
1Y
-17.7%

OKTA: AI Agent Identity Leadership And Q4 Execution Will Drive Repricing

The analyst price target for Okta has been adjusted slightly lower to reflect a new fair value of about $100.28 per share, as analysts balance modestly higher discount rate assumptions with supportive research that highlights solid Q4 execution, improving go-to-market progress, and growing interest in Okta's role in securing AI agents. Analyst Commentary Recent research on Okta offers a mix of optimism and caution, with many firms adjusting price targets while reaffirming their broader views on the company.
APLD
US$31.32
Applied Digital
7D
-0.5%
1Y
677.2%

Applied Digital Has The Capacity, Time To Get The Customers

Apr 20
CRWV
US$115.16
CoreWeave
7D
-1.7%
1Y
199.0%

Deep Dive: Assessing the Sustainability of CRWV’s Compute-as-a-Service Model

Deep Dive: Assessing the Sustainability of CRWV’s Compute-as-a-Service Model I’ve been looking into the business model of CRWV and its reliance on high-leverage hardware acquisition. Here’s a breakdown of why the current trajectory might face significant structural headwinds compared to established players.
NET
US$207.67
Cloudflare
7D
16.2%
1Y
94.4%
SNOW
US$150.84
Snowflake
7D
11.3%
1Y
7.6%

SNOW: AI Use Cases And Data Consumption Should Support Long-Term Earnings Power

The Snowflake analyst fair value estimate has been revised lower from $282.90 to $236.61, as analysts reset price targets across the sector while still highlighting solid Q4 results and growing AI related use cases in recent research. Analyst Commentary Recent research on Snowflake shows a wide range of updated price targets, with many firms lowering their targets while still pointing to solid Q4 execution and growing AI use cases as key parts of the story.
SHOP
US$131.13
Shopify
7D
2.9%
1Y
44.2%
MDB
US$261.43
MongoDB
7D
11.9%
1Y
71.8%

MDB: Fair Outlook Sees AI Data Role Tested By Guidance Reset

Analysts keep the fair value estimate steady at $250.00 while trimming margin assumptions, slightly lifting revenue growth expectations, and allowing for a higher future P/E. This reflects recalibrated Street price targets after mixed Q4 results and softer fiscal 2027 guidance.
CSAI
US$0.60
Cloudastructure
7D
-5.8%
1Y
-86.4%
AKAM
US$98.08
Akamai Technologies
7D
10.4%
1Y
33.1%

AKAM: AI Compute And Security Investments Are Expected To Drive Upside

Analysts have lifted the base case price target for Akamai Technologies to $110.98 from $102.72, reflecting updated views on higher future P/E assumptions along with more conservative revenue growth and profit margin inputs. This is supported by recent research that highlights growing compute and security demand, increased AI related capex, and a mix of both positive target revisions and a downgrade in rating.
DTST
US$3.95
Data Storage
7D
-2.2%
1Y
8.5%
WYFI
US$15.97
WhiteFiber
7D
-0.7%
1Y
n/a
TCX
US$16.44
Tucows
7D
-0.3%
1Y
0.1%