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 Intuit (Nasdaq: INTU) surged close to 13% in early trading after reporting better-than-expected fiscal-fourth-quarter results and initiating a $0.15-per-share quarterly dividend.

So what: The maker of personal finance and tax preparation software said Q4 revenue rose 10%, to $593 million, enough to transform last year's $0.05-per-share loss into a $0.02-a-share gain on an adjusted basis. Analysts were expecting a breakeven quarter on $583.1 million in revenue, according to data compiled by Yahoo! Finance.

Now what: Unfortunately, early enthusiasm for those numbers hasn't held, and the stock is up just 7% as of this writing. A broad tech sell-off touched off by Hewlett-Packard's (NYSE: HPQ) decision to exit the consumer PC and device business has taken its toll. But it also doesn't change the truth that, at 17 times forward earnings, resurgent Intuit looks like a reasonable value. Do you agree? Would you buy at these levels? Weigh in using the comments box below.

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