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. $(CDNS)$ rose 1.31% to $349.99 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.58% to 6,753.72 and the Dow Jones Industrial Average remaining mostly unchanged at 46,601.78.
Cadence Design Systems Inc. closed 7.03% short of its 52-week high of $376.45, which the company achieved on July 31st.
The stock underperformed when compared to some of its competitors Wednesday, as Fortinet Inc. $(FTNT)$ rose 1.81% to $86.46, Synopsys Inc. $(SNPS)$ rose 2.40% to $489.30, and Palo Alto Networks Inc. (PANW) rose 3.18% to $217.76.
Trading volume (1.3 M) remained 468,276 below its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 8, 2025.
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October 08, 2025 16:40 ET (20:40 GMT)
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