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 TASER International, (NASDAQ:AAXN) jumped 14% today after announcing new orders.

So what: Thirteen customers ordered new TASER weapons and 29 agencies are deploying TASER SMART weapons or upgrades. Most of the orders took place in the fourth quarter of last year and a dollar amount wasn't announced.  

Now what: What's important is that TASER International is seeing solid order flow for new products from law enforcement. Investors are hoping to see significant growth this year, and with a forward P/E ratio of 54, the expectations are high. I'd like to see more value in shares or bottom-line growth before jumping in, but this order is a step in that direction, so fourth-quarter numbers will be key for the stock.