As of Wednesday, the World Wide Web has now existed for a quarter of a century. British computer scientist Sir Tim Berners-Lee proposed the creation of the Web on March 12, 1989, calling for the development of an “information management” system that would allow users around the globe to access different files and pages via their computers.
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Over a year later, on Christmas Day, Berners-Lee launched the world’s first website at the European Organization for Nuclear Research (CERN). Its focus: the World Wide Web project. The development of the Web then allowed the Internet, an interconnected network that had already existed for almost 20 years, to become widely accessible.
Today, according to Netcraft’s March Web Server Survey, there are 919,533,715 active websites online. According to The Pew Research Center 87% of American adults use the Internet today, up from 14% in 1995 when they first began compiling data.
Globally, internet usage numbers are considerably lower. The United Nations’ International Telecommunications Union agency estimates that 2.7 billion people, or 39% of the global population, use the Internet. The Americas and the Asia & Pacific regions have the highest numbers of people going online, with 582 million and 1.27 billion Internet users, respectively.Investing Ideas To commemorate the occasion, we decided to look for investment opportunities among Internet stocks. To begin, we constructed a universe comprised of Internet stocks belonging to the following industries: catalog & mail order houses, Internet information providers, and specialty retail, other. We then narrowed down that list by screening for stocks that appear to be getting better with each passing year. In this case, we focused on profitability and screened for stocks with rising diluted normalized earnings per share (EPS) for the past three consecutive years.
EPS refers to the amount of profit allocated to each outstanding share of common stock. Diluted EPS tends to be lower and more conservative than normalized EPS because it includes account options when dividing normalized profit by shares.
We were left with six stocks on our list.
The ListClick on the interactive chart to view return data over time. Do you think these Internet stocks will continue to increase their profits? Use this list as a starting point for your own analysis. 1. OpenTable, Inc. ( OPEN): Provides restaurant reservation solutions in the United States, Canada, Mexico, Europe, and Asia. Market cap at $1.91B, most recent closing price at $82.03.