DJ Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ slid 3.78% to $288.33 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.57% to 6,832.76 and Dow Jones Industrial Average falling 1.34% to 49,451.98.
The stock's fall snapped a four-day winning streak.
Cadence Design Systems Inc. closed 23.41% below its 52-week high of $376.45, which the company achieved on July 31st.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Fortinet Inc. $(FTNT)$ fell 4.05% to $84.26, Synopsys Inc. $(SNPS)$ fell 3.39% to $423.35, and Palo Alto Networks Inc. (PANW) fell 1.51% to $162.81.
Trading volume (4.2 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 12, 2026.
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February 12, 2026 16:44 ET (21:44 GMT)
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