Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Internet Services and Infrastructure Industry Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies38
  • 7D2.0%
  • 3M6.1%
  • 1Y34.0%
  • YTDn/a

In the last week, the Internet Services and Infrastructure industry is up 2.0%, with CoreWeave up 21%. In the same time, Snowflake was down 8.9%. This takes the industry's 12 month performance to a gain of 34%. 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
Sat, 06 Dec 2025US$510.0bUS$41.5b-US$257,537,125.2757.5x-1980.5x12.3x
Mon, 03 Nov 2025US$582.0bUS$39.3b-US$316,393,829.6696.2x-1839.5x14.8x
Wed, 01 Oct 2025US$523.7bUS$43.7bUS$474.2m96.2x1104.3x12x
Fri, 29 Aug 2025US$480.7bUS$43.9bUS$413.5m97.2x1162.5x10.9x
Sun, 27 Jul 2025US$448.3bUS$36.5b-US$1,336,980,770.54124.8x-335.3x12.3x
Tue, 24 Jun 2025US$440.3bUS$36.5b-US$1,337,011,328.8989.5x-329.3x12.1x
Thu, 22 May 2025US$373.5bUS$36.0b-US$1,367,605,926.1782.5x-273.1x10.4x
Sat, 19 Apr 2025US$301.0bUS$38.9bUS$20.9m53.5x14429.4x7.7x
Mon, 17 Mar 2025US$319.5bUS$37.5bUS$335.9m86.3x951x8.5x
Wed, 12 Feb 2025US$369.9bUS$32.3b-US$1,233,184,824.6679.1x-300x11.5x
Fri, 10 Jan 2025US$311.4bUS$31.7b-US$1,751,982,176.51100.6x-177.7x9.8x
Sun, 08 Dec 2024US$337.7bUS$32.0b-US$1,465,047,730.4880.5x-230.5x10.5x
Tue, 05 Nov 2024US$241.1bUS$30.8b-US$1,527,826,617.2767.3x-157.8x7.8x
Thu, 03 Oct 2024US$238.1bUS$30.7b-US$1,681,088,774.3661.5x-141.6x7.8x
Sat, 31 Aug 2024US$225.3bUS$30.6b-US$1,668,825,778.0637.5x-135x7.4x
Mon, 29 Jul 2024US$233.3bUS$33.9b-US$1,619,919,441.6624.3x-144x6.9x
Wed, 26 Jun 2024US$232.2bUS$33.9b-US$1,620,847,357.0521.5x-143.3x6.9x
Fri, 24 May 2024US$250.3bUS$33.7b-US$1,640,845,683.9522.9x-152.6x7.4x
Sun, 21 Apr 2024US$238.0bUS$28.6b-US$3,373,752,252.0055.6x-70.6x8.3x
Tue, 19 Mar 2024US$261.3bUS$28.6b-US$2,608,914,083.0829.8x-100.2x9.1x
Thu, 15 Feb 2024US$294.8bUS$28.1b-US$2,686,588,451.5231.6x-109.7x10.5x
Sat, 13 Jan 2024US$286.6bUS$29.0b-US$3,575,658,959.0020.4x-80.2x9.9x
Mon, 11 Dec 2023US$270.9bUS$29.0b-US$3,576,301,027.0020.6x-75.7x9.3x
Wed, 08 Nov 2023US$226.4bUS$28.4b-US$4,131,050,377.0021.6x-54.8x8x
Fri, 06 Oct 2023US$216.6bUS$27.7b-US$4,958,127,000.0020.6x-43.7x7.8x
Sun, 03 Sep 2023US$248.3bUS$27.7b-US$4,945,883,799.0020.6x-50.2x9x
Tue, 01 Aug 2023US$256.5bUS$27.5b-US$5,296,015,504.0020.1x-48.4x9.3x
Thu, 29 Jun 2023US$247.9bUS$27.4b-US$5,235,223,864.0018.9x-47.3x9x
Sat, 27 May 2023US$221.5bUS$27.3b-US$5,417,949,308.0017.1x-40.9x8.1x
Mon, 24 Apr 2023US$209.6bUS$31.1b-US$8,340,109,901.0024.2x-25.1x6.7x
Wed, 22 Mar 2023US$202.7bUS$31.2b-US$8,399,905,530.0022.6x-24.1x6.5x
Fri, 17 Feb 2023US$209.1bUS$30.2b-US$7,888,363,904.0023x-26.5x6.9x
Sun, 15 Jan 2023US$181.1bUS$30.0b-US$8,012,392,359.0027.5x-22.6x6x
Tue, 13 Dec 2022US$183.6bUS$29.9b-US$7,986,929,414.0028.1x-23x6.1x
Price to Earnings Ratio

-23x


Total Market Cap: US$183.6bTotal Earnings: -US$7,986,929,414.00Total Revenue: US$29.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Internet Services and Infrastructure Industry Price to Earnings3Y Average -1637x202320242025
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 9.0x is lower than the industry's current PS ratio of 12.3x.
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 Market0.48%
Tech1.62%
IT2.12%
Internet Services and Infrastructure1.95%
IT Consulting2.26%
Data Processing Services2.10%
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$88.3020.8%
+US$7.6b		n/aPS10.2x
MDB MongoDBUS$409.6223.2%
+US$6.3b		19.3%PS14.4x
SHOP ShopifyUS$161.081.5%
+US$3.2b		36.1%PE117.7x
APLD Applied DigitalUS$31.2215.2%
+US$1.2b		192.6%PS51.4x
OKTA OktaUS$85.896.9%
+US$1.1b		1.3%PE78.1x

Latest News

FSLY
US$10.52
Fastly
7D
-9.8%
1Y
-3.5%

FSLY: Future Returns Will Depend On Proving Security Gains Amid CDN Pressure

Analysts have modestly trimmed their price target on Fastly to approximately $46.07 from about $48.63, citing the need for recent security segment momentum to prove durable amid ongoing pricing pressure in the core CDN business. Analyst Commentary Recent commentary highlights a balanced view on Fastly, with analysts recognizing progress in execution while remaining cautious on the durability of recent gains and the challenges in its legacy business.
VTEX
US$3.89
VTEX
7D
-6.3%
1Y
-39.7%
SNOW
US$228.79
Snowflake
7D
-8.9%
1Y
24.6%
OKTA
US$85.89
Okta
7D
6.9%
1Y
1.3%
MDB
US$409.62
MongoDB
7D
23.2%
1Y
19.3%

MDB: Leadership Change And AI Adoption Will Shape Durable Platform Positioning

The Analyst Price Target for MongoDB has increased by approximately $58 to about $428, as analysts highlight improving profitability, rising confidence in durable Atlas-driven growth and AI adoption, and strengthened leadership positioning as key supports for higher long-term valuation multiples. Analyst Commentary Recent research notes reflect a broadly constructive view on MongoDB, with most price targets moving higher as analysts point to strengthening fundamentals, expanding AI opportunities, and improving visibility into long term growth and profitability.
SHOP
US$161.08
Shopify
7D
1.5%
1Y
36.1%

SHOP: Future AI Commerce Momentum Will Drive Premium Re-Rating Into 2025

Analysts have modestly raised their Shopify price target by about $20 to roughly $190, as stronger growth, improving profit margins, and continued estimate revisions following solid Q3 results support a higher fair value despite ongoing concerns around valuation and near term cash flow softness. Analyst Commentary Recent Street research on Shopify reflects a constructive but more balanced stance, with most revisions skewing higher on price targets while calls for restraint grow louder around valuation and cash flow visibility.
AKAM
US$83.49
Akamai Technologies
7D
-6.7%
1Y
-14.9%
CRWV
US$88.30
CoreWeave
7D
20.8%
1Y
n/a

Why We're Not Concerned Yet About CoreWeave, Inc.'s (NASDAQ:CRWV) 44% Share Price Plunge

Nov 30
Why We're Not Concerned Yet About CoreWeave, Inc.'s (NASDAQ:CRWV) 44% Share Price Plunge
NET
US$200.95
Cloudflare
7D
0.4%
1Y
77.9%

NET: Surging AI Momentum And Enterprise Expansion Will Drive Shareholder Value

Cloudflare’s fair value estimate has been raised by analysts from $239.35 to $242.46 per share, as recent price target increases across the Street reflect ongoing AI-driven momentum, solid revenue growth, and expanding enterprise adoption despite recent operational risks. Analyst Commentary Recent Street research continues to highlight the shifting landscape for Cloudflare, with analysts showing confidence in the company’s trajectory while also identifying areas of caution.
TWLO
US$127.32
Twilio
7D
-1.8%
1Y
12.3%

TWLO: Future Performance Will Reflect Rising Confidence in Voice AI Momentum

Analysts have raised their price target for Twilio by $5 to $145, citing improving company performance, positive AI infrastructure tailwinds, and growing confidence in Twilio's ability to sustain profitable growth. Analyst Commentary Recent research updates reflect predominantly constructive sentiment toward Twilio, emphasizing improvements in performance, valuation, and prospects for growth.
DOCN
US$48.30
DigitalOcean Holdings
7D
8.5%
1Y
20.2%
APLD
US$31.22
Applied Digital
7D
15.2%
1Y
192.6%

APLD: Long-Term Hyperscale Lease Agreements Will Drive Sector Leadership

Analysts have raised their price target for Applied Digital significantly. The consensus has moved from the mid $20s to the high $30s and low $40s, citing robust Q1 results, a deep AI data center pipeline, and accelerating demand for high-performance computing infrastructure as key drivers for the upward revision.
VRSN
US$249.54
VeriSign
7D
-1.0%
1Y
30.6%

VRSN: Strong Execution And Domain Guidance Will Drive Renewed Bullish Sentiment

Analysts have modestly lowered their price target for VeriSign to $325 from $340, citing updated models after Q3 results and a better understanding of the company's exposure to advertising changes. Analyst Commentary Analysts have offered a mix of optimistic and cautious perspectives on VeriSign following its latest quarterly results and updated guidance.
KC
US$11.86
Kingsoft Cloud Holdings
7D
-4.0%
1Y
28.2%
GDS
US$35.21
GDS Holdings
7D
3.7%
1Y
69.9%
WYFI
US$19.43
WhiteFiber
7D
-9.3%
1Y
n/a