DJ Cadence Design Systems Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 2.08% to $296.36 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.43% to 6,939.03 and Dow Jones Industrial Average falling 0.36% to 48,892.47.
This was the stock's second consecutive day of losses.
Cadence Design Systems Inc. closed 21.27% short of its 52-week high of $376.45, which the company reached on July 31st.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Fortinet Inc. $(FTNT)$ fell 0.31% to $81.26, Synopsys Inc. $(SNPS)$ fell 3.10% to $465.12, and Palo Alto Networks Inc. (PANW) rose 0.44% to $176.97.
Trading volume (2.5 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 30, 2026.
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(END) Dow Jones Newswires
January 30, 2026 16:40 ET (21:40 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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