Cloud computing investors can't seem to decide whether Riverbed Technology (NASDAQ: RVBD ) is one of the best stocks to invest in. The stock fell briefly after reporting disappointing first-quarter results. Guidance also came in lower than expected.
But the sell-off didn't last long. Riverbed is up more than 4% over the past week on what appears to be increasing faith in the OPNET deal, which, in a conference call with analysts, co-founder Jerry Kennelly called "the right thing to do."
Kennelly and his team are building a comprehensive suite of products for monitoring and improving the efficiency of every aspect of networks spread across geographic distances. it's a big vision that's attracting big competition from the likes of F5 Networks (NASDAQ: FFIV ) and Cisco Systems (NASDAQ: CSCO ) , among others. But with the stock trading for less than 13 times next year's earnings target, there appears to be little downside from here, says Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova in the following video.
Do you agree? Please watch the video to get Tim's full take, and then let us know whether you think Riverbed Technology is one of the best stocks to invest in now.
The titans of tech
It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.