Oracle ( ORCL -4.11%) is often considered a slow-growth tech giant, but its stock has still rallied more than 260% over the past 10 years. The database software leader impressed investors by expanding its cloud-based services, making smart acquisitions, and repatriating a lot of its overseas cash to repurchase more than a third of its shares.

Oracle Corp. regaled Wall Street on Monday with talk about the future, enormous demand and some very large cloud-services contracts, but its stock continued a downward trend over concerns about growing costs associated with building out more data centers.

Oracle stock took a dive as investors focused on disappointing financial forecasts from management, rather than data showing a healthy backlog of unbooked revenue. Late Tuesday morning, Oracle stock was down 4.