Cadence Design Systems Inc. Stock Underperforms Tuesday When Compared to Competitors

Dow Jones04:42

DJ Cadence Design Systems Inc. Stock Underperforms Tuesday When Compared To Competitors

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

Shares of Cadence Design Systems Inc. (CDNS) slipped 2.93% to $284.11 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.58% to 7,673.52 and Dow Jones Industrial Average falling 1.18% to 52,786.07.

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

Cadence Design Systems Inc. closed 31.82% below its 52-week high of $416.69, which the company achieved on June 2nd.

The stock underperformed when compared to some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ rose 0.76% to $157.47, Synopsys Inc. (SNPS) fell 0.46% to $392.03, and Palo Alto Networks Inc. (PANW) rose 1.12% to $336.98.

Trading volume (4.2 M) eclipsed its 50-day average volume of 2.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled September 8, 2026.

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