NEW YORK (TheStreet) -- Workday (WDAY) - Get Report is among the smaller cloud-based tech companies that have a chance of being purchased, as Oracle (ORCL) bid $9.3 billion to acquire NetSuite (N) today, CNBC's Brian Sullivan reported on "Power Lunch" Thursday.

Oracle is vying to acquire the cloud-based software maker to further propel itself into the cloud, an area where the IT service provider has lacked innovation in.

Workday, Ultimate Software (ULTI), ServiceNow (NOW), Tyler Technolgies (TYL) and Zendesk (ZEN) are some of the mid-cap cloud-based tech companies in focus as possible targets for potential purchasing so that larger companies can push their way into the cloud space, Sullivan predicted.

"There are others, those are just five names that stuck out to us," he noted.

Piper Jaffrey's Alex Zukin agreed with ServiceNow in particular as an "acquisition on par" with the NetSuite buyout. 

Tech giants Microsoft (MSFT), Amazon.com (AMZN) and Alphabet (GOOGL) are the "three big players" in cloud services, with Oracle and Salesforce.com (CRM) trailing behind as they begin to make first steps into the cloud, according to Sullivan.

And for those unfamiliar, "the cloud is really just any software running from something other than your desktop or on a nearby server," Sullivan explained.

Shares of Workday are gaining by 2.44% to $83.22 this afternoon.

Separately, TheStreet Ratings rated Workday as a "sell" with a score of D+.

This is driven by multiple weaknesses, which can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: WDAY

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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