DJ Cadence Design Systems Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 2.15% to $316.52 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.69% to 7,691.76 and Dow Jones Industrial Average falling 0.22% to 53,343.40.
This was the stock's second consecutive day of losses.
Cadence Design Systems Inc. closed 24.04% short of its 52-week high of $416.69, which the company reached on June 2nd.
The stock underperformed when compared to some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ rose 1.39% to $158.01, Synopsys Inc. $(SNPS)$ fell 2.13% to $404.41, and Palo Alto Networks Inc. (PANW) fell 0.43% to $374.14.
Trading volume (1.8 M) remained 602,558 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 18, 2026.