DJ Cadence Design Systems Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 1.59% to $347.24 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.24% to 7,408.50 and Dow Jones Industrial Average falling 1.07% to 49,526.17.
This was the stock's fourth consecutive day of losses.
Cadence Design Systems Inc. closed 7.76% below its 52-week high of $376.45, which the company reached on July 31st.
The stock underperformed when compared to some of its competitors Friday, as Fortinet Inc. $(FTNT)$ rose 0.75% to $122.78, Synopsys Inc. $(SNPS)$ fell 1.49% to $502.42, and Palo Alto Networks Inc. (PANW) rose 1.94% to $242.83.
Trading volume (1.7 M) remained 672,815 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 15, 2026.
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(END) Dow Jones Newswires
May 15, 2026 16:39 ET (20:39 GMT)
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