DJ Cadence Design Systems Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Cadence Design Systems Inc. (CDNS) shed 1.65% to $315.57 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.01% to 6,296.79 and Dow Jones Industrial Average falling 0.32% to 44,342.19.
Cadence Design Systems Inc. closed 4.40% below its 52-week high of $330.09, which the company reached on July 3rd.
The stock underperformed when compared to some of its competitors Friday, as Fortinet Inc. (FTNT) rose 0.48% to $105.42, Synopsys Inc. (SNPS) fell 0.72% to $584.76, and Palo Alto Networks Inc. (PANW) fell 0.25% to $195.78.
Trading volume (1.4 M) remained 490,192 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 18, 2025.
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July 18, 2025 16:40 ET (20:40 GMT)
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