One can forgive investors for assuming that hypergrowth is a phenomenon of the past. Numerous companies that once reported massive revenue increases saw their growth slow or, in some cases, give way to declines. 

However, some companies sidestepped the slowdowns and maintained high growth rates. Even as their shares declined in the bear market, MercadoLibre (NASDAQ: MELI) and Zscaler (NASDAQ: ZS) have continued to show strong results that should benefit their shares over time.

MercadoLibre may not seem like an obvious hypergrowth stock. Since it only operates in Latin America, U.S. investors may know little about it. And those who know it may think of it as an e-commerce company.

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Source Fool.com