3 Stocks To Watch If The Oracle-NetSuite Deal Happens

Friday marks the deadline for Oracle Corporation ORCL's final extension of its tender offer for NetSuite Inc N. While many on the street have had their doubts that a deal will be made at this point, anything can still happen.

Should a deal go through, MKM Partners analyst Kevin Buttigieg in a research note Thursday highlighted three stocks that might be affected.

• The Ultimate Software Group, Inc. ULTI: The Oracle-NetSuite deal has been viewed as a huge disruptor to Ultimate Software's partnership with NetSuite (the two have had a cloud-service strategic partnership since March 2015), which NetSuite might have little need for after tieing up with Oracle.
• ServiceNow Inc NOW: This cloud-based solutions provider has been the subject of takeover speculation, including rumors of interest from salesforce.com, inc. CRM. If the Oracle-NetSuite deal happens, Oracle becomes one fewer possible suitor.
• Splunk Inc SPLK: This well-liked member of the software group is another potential takeout target that would see one less potential acquirer if Oracle's bid for NetSuite is accepted. In a research note from September, BMO analysts Keith Bachman said long term, he believes "Splunk would make an attractive candidate for a larger company that can add scale."

An hour before Thursday's close, NetSuite shares were up 6.2 percent at $94.71, after trade was briefly halted due to volatility that saw the stock price spike to $94.60 on high volume.