Cloud computing investors can't seem to decide whether Riverbed Technology (RVBD.DL) 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 (FFIV -0.96%) and Cisco Systems (CSCO -0.27%), 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.
