Cadence Design Systems Inc. Stock Underperforms Thursday When Compared to Competitors Despite Daily Gains

Dow Jones04:42

DJ Cadence Design Systems Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains

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

Shares of Cadence Design Systems Inc. (CDNS) advanced 3.85% to $347.55 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.72% to 7,730.99 and the Dow Jones Industrial Average rising 0.20% to 53,569.44.

This was the stock's third consecutive day of gains.

Cadence Design Systems Inc. closed 16.59% short of its 52-week high of $416.69, which the company reached on June 2nd.

The stock underperformed when compared to some of its competitors Thursday, as Fortinet Inc. $(FTNT)$ rose 9.67% to $172.78, Synopsys Inc. (SNPS) rose 13.39% to $464.89, and Palo Alto Networks Inc. (PANW) rose 12.83% to $382.85.

Trading volume (2.7 M) eclipsed its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled August 27, 2026.

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