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 digital printing technologist Electronics for Imaging (NASDAQ:EFII) popped 12% today after its quarterly results topped Wall Street expectations.

So what: The company's first-quarter results were so strong -- adjusted EPS of $0.33 on revenue of $171.4 million versus the consensus of $0.32 and $165.4 million -- that analysts have choice but to raise their valuation estimates yet again. In fact, the report marked the 13th consecutive quarter of revenue and EPS increases-- driven by growth in all three segments -- giving investors plenty of confidence in its profitability going forward.

Now what: For the second quarter, management now expects adjusted EPS of $0.34-$0.36 on record revenue of $174 million-$176 million. "With new breakthrough products across our portfolio and sales opportunities at trade shows around the globe," CEO Guy Gecht said, "we look for this robust demand to continue into the current quarter as EFI's innovation continues to help customers drive growth and productivity in their businesses." Of course, with the stock now up roughly 100% from its 52-week lows, I'd wait for some of the excitement to fade before buying into that bullishness.

Interested in more info Electronics for Imaging? Add it to your watchlist.

Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks 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 Motley Fool has a disclosure policy.