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

Dow Jones10-16

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

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

Shares of Cadence Design Systems Inc. (CDNS) shed 1.54% to $324.38 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.33% to 7,744.06 and the Dow Jones Industrial Average rising 1.08% to 52,177.69.

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

Cadence Design Systems Inc. closed 22.15% short of its 52-week high of $416.69, which the company achieved on June 2nd.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Fortinet Inc. $(FTNT)$ fell 1.16% to $181.91, Synopsys Inc. (SNPS) fell 2.46% to $468.11, and Palo Alto Networks Inc. (PANW) fell 1.27% to $370.27.

Trading volume (2.5 M) eclipsed its 50-day average volume of 2.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 15, 2026.

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