(NASDAQ: CRWD) is a fast-growing cybersecurity company that has been reporting consistently impressive growth in its revenue and earnings thanks to the growing adoption of its cloud-based platform. But it has been in the news for the wrong reasons of late.

Shares of CrowdStrike have been dropping since the company released its fiscal 2024 first-quarter results (for the three months ended April 30) on May 31, pulling back close to 5%. But a closer look at the company's quarterly performance and outlook suggests that investors now have a buying opportunity, especially considering terrific catalysts such as artificial intelligence (AI) that could help CrowdStrike maintain high levels of growth for a long time.

Let's take a closer look at CrowdStrike's quarterly report and why investors should consider using the stock's drop to buy it hand over fist.

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Source Fool.com