DJ Cadence Design Systems Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ shed 1.41% to $371.50 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.38% to 7,572.40 and the Dow Jones Industrial Average rising 0.29% to 52,658.64.
This was the stock's fourth consecutive day of losses.
Cadence Design Systems Inc. closed 10.84% 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 Wednesday, as Fortinet Inc. $(FTNT)$ fell 1.39% to $164.51, Synopsys Inc. $(SNPS)$ fell 0.15% to $425.28, and Palo Alto Networks Inc. (PANW) rose 0.32% to $354.02.
Trading volume (1.6 M) remained 694,960 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 15, 2026.
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July 15, 2026 16:38 ET (20:38 GMT)
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