DJ Cadence Design Systems Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slid 1.60% to $293.29 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.21% to 6,781.48 and Dow Jones Industrial Average falling 0.07% to 47,706.51.
Cadence Design Systems Inc. closed 22.09% below its 52-week high of $376.45, which the company achieved on July 31st.
The stock underperformed when compared to some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ rose 0.47% to $84.20, Synopsys Inc. $(SNPS)$ fell 1.05% to $432.65, and Palo Alto Networks Inc. (PANW) rose 0.29% to $165.58.
Trading volume (2.1 M) remained 410,069 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2026.
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(END) Dow Jones Newswires
March 10, 2026 16:42 ET (20:42 GMT)
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