CrowdStrike’s (CRWD) appearance as a leading cybersecurity company is on display again after posting stellar Q1 results yesterday afternoon. Due to CRWD’s extraordinary recent financial performance, featuring high-double digit revenue growth and a turn to profitability, the company faced stratospheric expectations heading into the report. It was essentially stated that rising demand for cybersecurity systems and CRWD’s strengthening market position would bring about an upside performance. Although the company did just that, surpassing analysts’ top and bottom-line estimates for the ninth consecutive quarter, a sell-the-news reaction is keeping a lid on shares.The stock may not reflect it, but CRWD’s quarterly report verifies that its technology is viewed as higher-level in the cybersecurity space. Many companies in the industry are experiencing an upswing in demand as cyber-attacks continue to grow in frequency and severity. The high-profile attacks involving SUNBURST and the Colonial Pipeline have only served to further prioritize IT spending on cybersecurity products.On the other hand, CRWD isn’t only reaping the benefits of a very favorable environment. This is evidenced by the company’s premier revenue growth rates relative to other competitors in the field. For instance, over the past four quarters, CRWD has averaged yr/yr revenue growth of 78.5%. In comparison, Palo Alto Networks (PANW), Fortinet (FTNT), and FireEye (FEYE) averaged growth of 23%, 21%, and 7%, correspondingly, over this same period.The main factor powering CRWD’s outperformance is its growing momentum within the cloud computing arena. During the earnings conference call, CEO George Kurtz described how the company’s Falcon platform controls the power of AI to prevent breaches, providing solid protection in cloud environments. The effectiveness of its platform is translating into many client wins, with certain momentum in cloud workloads, IT operations, and DevOps.