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 call center software specialist Interactive Intelligence (NASDAQ:ININ) surged 19% today after its quarterly results and outlook impressed Wall Street.

So what: The stock has soared over the past year on a string of better-than-expected quarters, and today's Q3 results -- $1.6 million profit versus a year-ago loss on a revenue jump of 32% -- coupled with upbeat guidance suggest that the trend isn't slowing. In fact, cloud-based orders increased 75% year over year and now represent nearly half of Interactive's total orders, giving investors plenty of good vibes over the tailwinds working in its favor.

Now what: Don't expect the operating momentum to slow anytime soon. "Based on our solid results and growing global pipeline, we're increasing our 2013 total order growth forecast from 20 to 25 percent," said founder and CEO Dr. Donald Brown. Of course, with Interactive's shares now up 150% from their 52-week lows and trading at a price-to-cash-flow ratio near 50, much of that growth might already be baked into the valuation.