Is It Too Late to Buy CrowdStrike Stock?

's (NASDAQ: CRWD) stock price dropped 12% during after-hours trading on May 31 following its latest earnings report. For the first quarter of fiscal 2024, which ended on April 30, the cloud-based cybersecurity company's revenue rose 42% year over year to $693 million and exceeded analysts' estimates by $16 million. Its adjusted net income grew 82% year over year to $136 million, or $0.57 per share, which also cleared the consensus forecast by $0.07.

Those headline numbers seemed solid, but they failed to bring the bulls back to its burnt-out stock -- which remains more than 50% below the all-time high it hit in November 2021. Is it too late to buy some shares of this high-growth cybersecurity company?

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Source Fool.com