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What: Shares of IT specialist Insight Enterprises (Nasdaq: NSIT) soared 21% in intraday trading Tuesday after its quarterly results and full-year profit forecast easily blew out Wall Street expectations.

So what: Fueled largely by a double-digit jump in sales, Insight managed to grow its fourth-quarter profit 43% to $0.53 per share, versus the average analyst estimate of just $0.43 per share. President and CEO Ken Lamneck said, "The technology refresh cycle provided a nice tailwind for our business in 2010," and added that Insight even grew market share in certain segments.

Now what: Don't let today's big rally keep you away from Insight. The shares might be skyrocketing, but when you factor in management's full-year profit forecast, which also topped estimates, the company currently trades at a paltry forward P/E of 10.1. That's a discount to gorilla rivals like EMC and IBM, making Insight a relatively attractive tech bet, as well.   

Interested in more info on Insight? Add it to your watchlist.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. The Fool owns shares of EMC and IBM. Try any of our Foolish newsletter services free for 30 days.

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