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 in-flight Internet connectivity technologist Gogo Inc. (NASDAQ:GOGO) surged 23% today after its quarterly results and outlook topped Wall Street expectations.

So what: The stock has soared over the past three months on optimism over accelerating growth, and today's Q3 results -- loss narrowed to $0.22 per share from the year-ago loss of $4.27 on a revenue increase of 48% -- coupled with upbeat guidance only reinforce that excitement. In fact, Gogo's aircraft online count increased 24% during the quarter to 2,011, giving analysts plenty of good vibes over its signup trajectory going forward.

Now what: Management now sees 2013 revenue of roughly $325 million, well above its prior range of $305-$315 million, as well as Wall Street's view of $311.49 million. "We believe that the unique combination of our industry leading scale, technological prowess, and track record of execution ideally positions Gogo for long-term growth in North America and internationally," said President and CEO Michael Small. Of course, with Gogo shares now up about 140% from its 52-week lows and trading at price-to-sales above 5, much of that growth might already be baked into the valuation.