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 Wi-Fi provider Gogo, Inc. (NASDAQ:GOGO) were on the move today, climbing as much as 14%, as the stock continued to gain after Monday's strong earnings report.

So what: This looks like a lasting momentum run, as shares are up nearly 60% since last Thursday, and jumped 25% in one day alone on Monday's report. The recently public Gogo showed off 48% revenue growth in its third quarter, hitting $85.4 million in sales, much better than the $76.8 million analysts had expected. Meanwhile, its per-share loss came in at $0.22 versus the $0.31 consensus. Today's belated jump seems to have come from excitement around yesterday's approval of the AMR-US Airways merger, which lifted airline stocks as a whole. Gogo also got a strong endorsement from CNBC's Jim Cramer last night.

Now what: In its earnings report, the tech company also bumped up its outlook for the year, now lifting the high end of its revenue guidance to $325 million, instead of $315 million, and similarly increasing the high end of its adjusted EBITDA from zero, to $10 million. Wall Street may be underestimating this company, as in-flight Wi-Fi seems like a long-term growth category, and Gogo is continuing to innovate. The company also announced that it signed its first contract with a foreign-based carrier, Japan Airlines, and plans to introduce a new ground-to-orbit technology providing faster Internet speeds by next summer. Clearly, there are several new revenue streams ahead for Gogo. I'd expect shares to keep soaring past Wall Street estimates.