DJ Cadence Design Systems Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 2.16% to $331.91 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.06% to 7,753.11 and Dow Jones Industrial Average falling 0.11% to 53,975.98.
The stock's fall snapped a two-day winning streak.
Cadence Design Systems Inc. closed 20.35% 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 Monday, as Fortinet Inc. $(FTNT)$ rose 2.86% to $164.21, Synopsys Inc. $(SNPS)$ fell 1.04% to $411.68, and Palo Alto Networks Inc. (PANW) rose 5.82% to $385.04.
Trading volume (1.8 M) remained 694,449 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 10, 2026.