Traders on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Starbucks– UBS upgraded the coffee chain to "buy" from "neutral", citing an attractive valuation and an increased conviction about its growth being sustainable.

BlackBerry–The smartphone maker posted a smaller than expected loss of 11 cents per share, compared to forecasts of 26 cents, with revenue topping estimates. The company said its cash position is strong, and that it recognized revenue on 1.6 million devices during the quarter compared to 1.3 million in the prior quarter.

Pier 1 Imports–The retailer reported quarterly profit of 16 cents per share, four cents below estimates, and cut its earnings outlook for the year. Pier 1 cites a "highly promotional environment" as pressuring its results.

Facebook–The social network's web site is back up after a brief outage this morning that lasted for approximately 17 minutes.