---
title: "Cadence Design Systems Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296651487.md"
description: "Cadence Design Systems (CDNS) shares rose 1.73% to $319.02 on Friday, snapping a four-day losing streak and outperforming the broader market's modest gains. However, CDNS underperformed relative to key competitors like Fortinet and Palo Alto Networks. The stock remains 23.44% below its 52-week high of $416.69. Trading volume was slightly below the 50-day average."
datetime: "2026-08-21T20:41:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296651487.md)
  - [en](https://longbridge.com/en/news/296651487.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296651487.md)
generator: "portal-rs"
---

# Cadence Design Systems Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Cadence Design Systems Inc. (CDNS) rose 1.73% to $319.02 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.43% to 7,674.37 and the Dow Jones Industrial Average rising 0.98% to 53,277.01.

The stock's rise snapped a four-day losing streak.

Cadence Design Systems Inc. closed 23.44% below its 52-week high of $416.69, which the company achieved on June 2nd.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Fortinet Inc. (FTNT) rose 1.80% to $153.51, Synopsys Inc. (SNPS) fell 0.01% to $397.87, and Palo Alto Networks Inc. (PANW) rose 2.38% to $357.87.

Trading volume (2.1 M) remained 193,579 below its 50-day average volume of 2.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled August 21, 2026.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

08-21-26 1641ET

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## Related News & Research

- [Thornburg Investment Management Inc. Raises Stake in Cadence Design Systems, Inc. $CDNS](https://longbridge.com/en/news/297423361.md)
- [Jefferies Financial Group Inc. Buys Shares of 11,018 Cadence Design Systems, Inc. $CDNS](https://longbridge.com/en/news/297399240.md)
- [Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in Cadence Design Systems, Inc. $CDNS](https://longbridge.com/en/news/297888130.md)
- [Cadence Design Systems Sees AI Agents Driving Chip Design Boom and Growth](https://longbridge.com/en/news/297093033.md)
- [166,824 Shares in Cadence Design Systems, Inc. $CDNS Acquired by Manning & Napier Advisors LLC](https://longbridge.com/en/news/296891542.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**