DJ Cadence Design Systems Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ shed 2.96% to $301.22 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.64% to 6,902.05 and the Dow Jones Industrial Average rising 1.23% to 48,977.18.
This was the stock's fifth consecutive day of losses.
Cadence Design Systems Inc. closed 19.98% short of its 52-week high of $376.45, which the company achieved on July 31st.
The stock underperformed when compared to some of its competitors Monday, as Fortinet Inc. $(FTNT)$ rose 0.08% to $77.94, Synopsys Inc. $(SNPS)$ rose 2.87% to $494.19, and Palo Alto Networks Inc. (PANW) rose 1.53% to $182.12.
Trading volume (3.9 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 5, 2026.
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(END) Dow Jones Newswires
January 05, 2026 16:41 ET (21:41 GMT)
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