DJ Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day

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Shares of Cadence Design Systems Inc. $(CDNS)$ shed 1.25% to $371.06 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.45% to 7,503.85 and Dow Jones Industrial Average falling 0.25% to 52,925.15.

Cadence Design Systems Inc. closed 10.95% short of its 52-week high of $416.69, which the company reached on June 2nd.

Despite its losses, the stock outperformed some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ fell 2.27% to $158.67, Synopsys Inc. $(SNPS)$ fell 1.28% to $436.63, and Palo Alto Networks Inc. (PANW) fell 5.73% to $337.04.

Trading volume (1.6 M) remained 976,014 below its 50-day average volume of 2.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled July 7, 2026.

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July 07, 2026 16:37 ET (20:37 GMT)

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