Stock futures fell Wednesday as investors awaited the Federal Reserve’s latest economic outlook.
Here are some of the top movers during premarket trading on Wednesday.
1. Coherent COHR | Up 3.3%
Shares of Coherent (COHR) - Get Coherent, Inc. Report were higher after Lumentum, a provider of optical and photonic products, said it raised its buyout bid for the laser-technology company in a bidding war against II-VI. The revised cash-and-stock bid values Coherent at $6.9 billion.
2. Plug Power PLUG | Down 15%
The errors included "book value of right of use assets and related finance obligations," loss accruals for service contracts, impairment of certain long-lived assets and "classification of certain costs, resulting in a decrease in research and development expense."
3. Coupa Software COUP | Down 1%
Shares of Coupa Software (COUP) - Get Coupa Software, Inc. Report were lower a day after the business-spending- management-software maker reported fiscal-fourth-quarter top- and bottom-line results that handily beat analyst estimates.
For the current quarter Coupa's guidance for revenue topped estimates while the earnings outlook fell short.
4. CrowdStrike Holdings CRWD | Up 1.9%
Shares of CrowdStrike (CRWD) - Get CrowdStrike Holdings, Inc. Class A Report advanced after the cybersecurity company on Tuesday after the closing bell reported fourth-quarter results that topped analyst estimates.
"Our go-to-market engine has gained incredible momentum with both marquee enterprises and small businesses," Chief Executive George Kurtz said in a statement.
5. Lennar LEN | Down 1.1%
Shares of Lennar (LEN) - Get Lennar Corporation Class A Report wavered after the luxury-home builder on Tuesday after the closing bell posted better-than-expected results for its fiscal first quarter. Lennar also offered an upbeat forecast as low interest rates and COVID-19-driven demand drove its financial results.