Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Network security specialist Fortinet (Nasdaq: FTNT) annihilated analyst expectations in last night's earnings report, sending the stock more than 20% above last night's closing price in intraday trading today.

So what: Fortinet's sales jumped by 29% year over year and earnings got an 88% boost, blowing right past even the most optimistic analyst forecasts with ease. Security solutions for large enterprises is clearly a hot commodity right now, placing Fortinet at the heart of the action.

Now what: In an era when chip giant Intel (Nasdaq: INTC) feels the need to plunk down $7.7 billion for security firm McAfee (NYSE: MFE), a strong competitor like Fortinet starts to look like buyout bait. Whether anybody wants to buy Fortinet outright, we're looking at a very healthy business in high demand, as network security is becoming a top priority for IT managers everywhere. Mind you, this stock is trading at a premium valuation already, which might keep the offers away until further notice.

Interested in more info on Fortinet? Add it to your watchlist by clicking here.

Fool contributor Anders Bylund holds no position in any of the companies discussed here. Intel is a Motley Fool Inside Value pick. Motley Fool Options has recommended buying calls on Intel. The Fool owns shares of Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.