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 technology solutions provider EPIQ Systems (NASDAQ:EPIQ) dropped 11% today after the company reported earnings.

So what: First-quarter revenue jumped 24% from a year ago to $102.9 million, topping the $98.9 million estimate from analysts. The problem today was that net income was just $3.9 million, or $0.11 per share, and analysts expected $0.23 per share.  

Now what: Both revenue and earnings are trending higher, so there are some strong signs for the company. Shares are also trading at just 10.5 times forward earnings estimates, and as long as this miss isn't the first in a string of bad results, the stock has room to run. I think revenue and earnings growth will continue and the stock will move higher after today's drop.

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