So much for Internet stocks. The same week Riverbed Technology crashed on uninspired guidance, one of its biggest-name partners, Akamai Technologies , suffered a steep decline of its own. The stock fell 16% after coming short of Wall Street's Q4 revenue target. Management's first-quarter guidance was also $12 million short of targets at the midpoint.
So much for the turnaround that looked to be under way last quarter.
Yet Akamai co-founder and new CEO Tom Leighton waxed enthusiastic during an interview the day of the news. Specifically, he talked with Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova about his vision for an Akamai whose technology is so deeply embedded with the Internet that it helps optimize nearly every digital action we take.
Tim, himself a one-time Akamai shareholder, says he finds the pitch compelling. Where do you stand? Do you still believe in this company? Click the following video to hear all of Tim's impressions from his interview with Leighton, and then be sure to leave a comment and let us know what you think.
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The article The Strategy That Could Make Akamai a Multibagger Again originally appeared on Fool.com.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Riverbed Technology at the time of publication. Check out Tim's Web home and portfolio holdings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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