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: Cerner (Nasdaq: CERN) popped 11% in intraday trading today after reporting better-than-expected earnings and raising 2011 guidance.

So what: Non-GAAP EPS of $0.80 rose 27% from the year-ago quarter and beat the consensus estimate of $0.76. Bookings grew 30% year-over-year to a first-quarter record level, while revenue grew 14%.

Now what: Management said the strong demand is being driven by stimulus, health-care reform, and other regulatory requirements. It raised non-GAAP EPS guidance for 2011 to $3.55 to $3.62, up from a previous estimate of $3.50 to $3.60. Looking further out, the company stated it is investing in new solutions and services to fuel growth through the decade, including a new cloud-based platform.

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

Fool contributor Cindy Johnson does not own shares of any company named above. 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 has a disclosure policy.