Cloud-based Web-conferencing company Zoom Video Communications (NASDAQ: ZM) is one such stock that's been clobbered, but now looks like a fantastic value. Zoom Video Communications With inflation soaring and the Federal Reserve expected to hike interest rate numerous times this year, growth stocks with high premiums have been heavily sold over the past 11 months. Even taking into account the data storage industry's history of oversupplying devices when pricing power improves, a forward price-to-earnings ratio of less than 7 is too inexpensive for Western Digital.