Today's Morning Movers and Top Ratings: ANET, XPO, MNDY and More

$Arista Networks (ANET.US)$, up 3%, is expected to release earnings results for its fourth quarter, after the closing bell on Feb. 12, 2024. Analysts expect the company to report quarterly earnings at $1.70 per share, compared to year-ago earnings of $1.41 per share.

$XPO (XPO.US)$ was down 2.4% after shares of the transportation company were downgraded by Morgan Stanley to Underweight from Equal Weight while the price target was increased to $80 from $75.

$monday.com (MNDY.US)$ reported Q4 FY2023 results topping analysts' expectations, with revenue up 35.1% year on year to $202.6 million. The company expects next quarter's revenue to be around $209 million, in line with analysts' estimates. Its stock drops 9%.

$Big Lots (BIG.US)$ was down 11% following a report from Bloomberg that said the discount retailer was seeking new financing as deals with dwindling liquidity.

Shares of $Trimble (TRMB.US)$ fell 5% after the technology supplier warned that sales will fall this year. Trimble said Monday it is targeting 2024 revenue of $3.57 billion to $3.67 billion, down from $3.8 billion last year and below the $3.84 billion that analysts surveyed by FactSet expected.