Today's Morning Movers and Top Ratings: ANET, XPO, MNDY and More
Morning Movers
Gapping up
$Arista Networks(ANET.US$, 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.
Gapping down
$XPO(XPO.US$ 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.
US Top Rating Updates on 02/12
Source: Benzinga, CNBC, Dow Jones
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