2 of the Highest Growth Stocks in the Market Today

When reviewing the companies with the fastest growth in 2020, it immediately becomes clear that the COVID-19 pandemic is behind most of the changes that have propelled sales for diagnostics and remote-work companies. Fulgent Genetics (NASDAQ: FLGT) and Zoom Video Communications (NASDAQ: ZM) have captured those trends and are delivering some of the highest growth around.

Image source: Getty Images

In the competitive market of diagnostic testing, Fulgent is differentiating itself by offering flexibility and affordability to its customers. The company has one of the largest genomic test menus in the industry (almost 19,000 tests) and can provide pre-established tests or customize them for specific needs. Management reported year-over-year revenue growth of 880% in the third quarter, thanks to a 5,000% increase in testing volume. The company expects full-year revenue of $235 million, compared to $32.5 million in 2019 -- good for 623% growth.

Source Fool.com