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So much for Internet stocks. The same week Riverbed Technology crashed on uninspired guidance, one of its biggest-name partners, Akamai Technologies (NASDAQ: AKAM ) , 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.
The mobile Internet is changing everything, especially for content distributors such as Akamai. Yet with so many different companies claiming to participate in the "mobile revolution," it can be daunting to know how to profit from the uprising. Fortunately, The Motley Fool has just released a free report on mobile named "The Next Trillion-Dollar Revolution" that tells you how. Inside the report, we not only describe why this seismic shift will dwarf any other technology revolution seen before it but we also name the company at the forefront of the trend. Hundreds of thousands have requested access to previous reports, and you can access this new report today by clicking here -- it's free.