Cadence Design Systems Inc. Stock Sheds 9.5%, Underperforms Peers

Dow Jones07-18

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Cadence Design Systems Inc. slid 9.5% to $330.11 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.0% to 7,457.69 and Dow Jones Industrial Average falling 0.8% to 52,146.42.

This was the stock's sixth consecutive day of losses.

Cadence Design Systems Inc. closed 20.8% short of its 52-week high of $416.69, which the company achieved on June 2nd.

The stock underperformed when compared to some of its peers, as Fortinet Inc. rose 0.5% to $161.61, Synopsys Inc. fell 7.9% to $384.28, and Palo Alto Networks Inc. rose 1.32% to $358.68.

Trading volume totaled 5.2 million, compared to the 50-day average of 2.3 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

July 17, 2026 16:33 ET (20:33 GMT)

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