DJ Cadence Design Systems Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Cadence Design Systems Inc. $(CDNS)$ advanced 1.60% to $305.43 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.78% to 6,869.50 and the Dow Jones Industrial Average rising 0.49% to 48,739.41.
Cadence Design Systems Inc. closed 18.86% short of its 52-week high of $376.45, which the company achieved on July 31st.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Fortinet Inc. $(FTNT)$ rose 2.08% to $82.79, Synopsys Inc. $(SNPS)$ rose 1.57% to $430.98, and Palo Alto Networks Inc. (PANW) rose 1.58% to $158.56.
Trading volume (2.8 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 4, 2026.
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(END) Dow Jones Newswires
March 04, 2026 16:44 ET (21:44 GMT)
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