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 Manhattan Associates (Nasdaq: MANH) jumped 10% today after the company released earnings.

So what: Second-quarter revenue increased 14% to $88.4 million, and earnings per share excluding nonrecurring items were $0.65 per share. Analysts were only expecting $83.2 million in revenue and $0.45 per share in earnings.

Now what: Guidance range for 2011 was also increased $0.10, to $1.97 to $2.02 per share on management's increase confidence in operations. Manhattan Associates' strong balance sheet and $110.3 million in cash make this a growing stock that can provide investors with a little safety as well. I like the move today and think shares still have room to run higher.

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