(NASDAQ: CRWD) and Zscaler (NASDAQ: ZS) are both high-growth cybersecurity companies that provide all of their services as cloud-based offerings rather than on-site appliances. That streamlined approach is generally cheaper, doesn't take up any physical space in the office, and is easier to scale as an organization expands.

But in 2022, CrowdStrike's stock tumbled 49% as Zscaler's stock plunged 65%. Both stocks were crushed as their growth cooled off in a tougher macro environment. Rising rates exacerbated that pressure by popping their bubbly valuations.

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Source Fool.com