DJ Cadence Design Systems Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 1.28% to $326.24 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.05% to 7,411.98 and the Dow Jones Industrial Average rising 0.46% to 51,947.25.
This was the stock's third consecutive day of losses.
Cadence Design Systems Inc. closed 21.71% below its 52-week high of $416.69, which the company reached on June 2nd.
The stock underperformed when compared to some of its competitors Friday, as Fortinet Inc. $(FTNT)$ rose 0.55% to $152.37, Synopsys Inc. $(SNPS)$ fell 0.01% to $373.47, and Palo Alto Networks Inc. (PANW) fell 0.57% to $323.79.
Trading volume (2.9 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 24, 2026.
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July 24, 2026 16:41 ET (20:41 GMT)
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