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: Shares of credit-score keeper Fair Isaac (Nasdaq: FICO) were racking up points today as they rose as much as 11% in intraday trading on heavier-than-average volume.

So what: The spark for the excitement was a press release from the company that disclosed new cost-cutting measures that the company hopes will boost profitability. Management also revised its guidance for fiscal 2011, boosting the expected earnings per share range from $1.63 to $1.68 to $1.75 to $1.83. Analysts were looking for $1.64 in 2011. Further stoking the excitements were a pair of Wall Street upgrades -- Wedbush took the stock from "underperform" to "neutral" while Northland Securities boosted it from "market perform" to "outperform."

Now what: It's no surprise that investors are as giddy as they are over the news, since Fair Isaac has seen its bottom line languish in recent years. The move will boost the company's margins, which is a positive, but cost cutting can only go so far. For continued bottom line growth, the company will have to find some way to jump-start its top line.

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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.