DJ Cadence Design Systems Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slid 3.06% to $313.17 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.53% to 6,926.60 and Dow Jones Industrial Average falling 0.09% to 49,149.63.
This was the stock's third consecutive day of losses.
Cadence Design Systems Inc. closed 16.81% short of its 52-week high of $376.45, which the company reached on July 31st.
The stock underperformed when compared to some of its competitors Wednesday, as Fortinet Inc. $(FTNT)$ fell 2.48% to $76.39, Synopsys Inc. $(SNPS)$ fell 1.26% to $505.34, and Palo Alto Networks Inc. (PANW) rose 0.04% to $190.93.
Trading volume (2.0 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 14, 2026.
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(END) Dow Jones Newswires
January 14, 2026 16:40 ET (21:40 GMT)
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