DJ Cadence Design Systems Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slid 2.27% to $338.12 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.67% to 7,353.61 and Dow Jones Industrial Average falling 0.65% to 49,363.88.
This was the stock's sixth consecutive day of losses.
Cadence Design Systems Inc. closed 10.18% below 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 Tuesday, as Fortinet Inc. $(FTNT)$ rose 0.90% to $127.64, Synopsys Inc. $(SNPS)$ fell 0.91% to $493.87, and Palo Alto Networks Inc. (PANW) fell 3.00% to $240.13.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2026.
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(END) Dow Jones Newswires
May 19, 2026 16:39 ET (20:39 GMT)
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