DJ Cadence Design Systems Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ shed 1.40% to $297.60 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.03% to 49,499.20 and the S&P 500 Index falling 0.54% to 6,908.86.
The stock's fall snapped a two-day winning streak.
Cadence Design Systems Inc. closed 20.94% short of 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 Thursday, as Fortinet Inc. $(FTNT)$ rose 2.39% to $79.20, Synopsys Inc. $(SNPS)$ fell 5.16% to $426.00, and Palo Alto Networks Inc. (PANW) rose 3.15% to $149.40.
Trading volume (3.3 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 26, 2026.
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February 26, 2026 16:43 ET (21:43 GMT)
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