DJ Cadence Design Systems Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slid 1.35% to $347.23 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.06% to 6,715.35 and the Dow Jones Industrial Average rising 0.17% to 46,519.72.
The stock's fall snapped a two-day winning streak.
Cadence Design Systems Inc. closed 7.76% 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 Thursday, as Fortinet Inc. $(FTNT)$ rose 1.32% to $86.30, Synopsys Inc. $(SNPS)$ fell 3.62% to $471.08, and Palo Alto Networks Inc. (PANW) rose 1.19% to $209.26.
Trading volume (1.6 M) remained 181,698 below its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 2, 2025.
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October 02, 2025 16:40 ET (20:40 GMT)
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