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 human resource management specialist Kenexa
So what: After adjusting Kenexa's first-quarter results for the acquisition of Salary.com, the company beat the Street's revenue targets by 3% and the earnings consensus by a penny per share. Management also raised its overall revenue guidance and tightened its full-year earnings targets around the upper half of earlier estimates.
Now what: Kenexa sees an improving economy and a budding surge in new hires, which is not only great news for the economy at large but particularly interesting to a provider of staff-management solutions. Sales jumped 50% year-over-year, so management has the numbers to back up its optimistic talk. Chief rival Lawson Software
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