DJ Cadence Design Systems Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Cadence Design Systems Inc. $(CDNS)$ rallied 1.09% to $271.42 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.53% to 49,501.30 and the S&P 500 Index falling 0.51% to 6,882.72.
The stock's rise snapped a four-day losing streak.
Cadence Design Systems Inc. closed 27.90% 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 Wednesday, as Fortinet Inc. $(FTNT)$ rose 2.30% to $81.12, Synopsys Inc. $(SNPS)$ fell 0.04% to $418.98, and Palo Alto Networks Inc. (PANW) rose 0.29% to $166.72.
Trading volume (5.0 M) eclipsed its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 4, 2026.
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February 04, 2026 16:43 ET (21:43 GMT)
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