DJ Cadence Design Systems Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 1.89% to $366.30 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.55% to 6,656.92 and Dow Jones Industrial Average falling 0.19% to 46,292.78.
The stock's fall snapped a three-day winning streak.
Cadence Design Systems Inc. closed 2.69% below its 52-week high of $376.45, which the company reached on July 31st.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ rose 0.31% to $85.27, Synopsys Inc. $(SNPS)$ fell 4.75% to $490.32, and Palo Alto Networks Inc. (PANW) fell 2.37% to $203.25.
Trading volume (1.5 M) remained 299,510 below its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 23, 2025.
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September 23, 2025 16:39 ET (20:39 GMT)
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