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 LED lighting technologist Revolution Lighting Technologies (NASDAQ:RVLT) soared a whopping 40% today after providing a business update that wowed Wall Street.

So what: Revolution has slumped in recent months on concerns over slowing growth, but CFO Charlie Schafer's presentation at the Craig-Hallum conference is reigniting optimism over the LED trends working in its favor. In fact, Shafer noted that Revolution has a robust pipeline of $150 million in actionable opportunities over the next 3-12 months and is targeting gross margins of roughly 35% for 2014-2016, giving investors some decent short and long-term visibility.

Now what: Revolution expects revenue for the second half of 2013 of $17 million and sees organic growth of greater than 50% for 2014-2016. "We expanded our distribution network and completed the acquisition of Relume Technologies, which broadened our product portfolio, and strengthened our engineering and management capabilities," said Schafer. "We are now well-positioned for the anticipated growth to come in 2014 and beyond." Of course, with the stock now up a whopping 400% over the past year and sporting price-to-sales multiple of 13, much of that growth might already be baked into the valuation.