The current bear market undoubtedly tempered enthusiasm for growth stocks, particularly those in the tech sector. And stocks that once boasted high revenue growth rates have seen revenue rise at a considerably slower pace or, sometimes, fall into decline.
Some companies, particularly cloud stocks , did manage to maintain their rapid growth in the current environment, even if their stock prices don't necessarily reflect it. Amid the bear market, growth stocks Snowflake (NYSE: SNOW) and Zscaler (NASDAQ: ZS) now sell at significant discounts and much lower valuations, a condition that could spark a revival in these two formerly hot stocks.
Snowflake offers consumption-based access to a data cloud platform, something better known as "data-as-a-service." Its software facilitates the storage, security, permissions, and use of a company's data by storing it in the cloud.
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2 Formerly Sizzling-Hot Stocks to Buy Right Now