Shares of  (NASDAQ: CRWD) sank after the cybersecurity company experienced a major outage that caused disruptions to businesses around the globe. Nonetheless, the stock is still up more than 70% over the past year.

Let's take a look at the recent outage, the impact it could have on the company moving forward, and whether the dip is a buying opportunity.

The CrowdStrike-related outage stemmed from a bug in a software update the company pushed out. The crash impacted millions of Microsoft Windows devices worldwide, causing Windows-based computers and tablets to crash. The outage impacted numerous industries from governments, to banks, to airlines, which had to cancel flights. Apple and Linux-run devices were not impacted.

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Source Fool.com