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What: Shares of imaging equipment specialist Analogic (Nasdaq: ALOG) surged 12% today after its quarterly results and guidance topped Wall Street expectations.

So what: Analogic's fourth-quarter beat was so wide -- EPS of $0.96 on revenue of $151 million versus the consensus of just $0.71 and $141 million -- that analysts have no choice but to raise their price targets on the stock yet again. In fact, ultrasound and security technology revenue soared 20% and 47%, respectively, easing recent concerns over weak demand at its medical imaging segment.

Now what: Management now sees full-year organic revenue growth in the high single digits, versus Wall Street's expectation of about 7% growth. "Continuing to improve on our fiscal 2012 baseline, for fiscal 2013 we expect another year of high single-digit organic revenue growth on continued improving non-GAAP operating margin," President and CEO Jim Green said. With the stock surging to a new 52-week high today and trading at a 20-plus P/E, however, that bullish outlook might already be baked into the price.

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Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days. 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 Fool's disclosure policy always gets a perfect score.