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Shares of Cadence Design Systems Inc. (CDNS) rallied 1.04% to $317.09 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&amp;P 500 Index  rising 0.55% to 6,913.35 and the Dow Jones Industrial Average  rising 0.63% to 49,384.01.
This was the stock's second consecutive day of gains.
Cadence Design Systems Inc. closed 15.77% 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 2.47% to $77.62, Synopsys Inc. (SNPS) fell 2.39% to $509.47, and Palo Alto Networks Inc. (PANW) rose 0.44% to $182.27.
Trading volume (1.3 M) remained 317,579 below its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 22, 2026.
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(END) Dow Jones Newswires
01-22-26 1641ET

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<p>Cadence Design Systems Inc. (CDNS) saw its stock rise 1.04% to $317.09 on Thursday, despite underperforming compared to competitors. The S&P 500 and Dow Jones also experienced gains. Cadence's stock remains 15.77% below its 52-week high of $376.45. Competitors had mixed results, with Fortinet up 2.47%, Synopsys down 2.39%, and Palo Alto Networks up 0.44%. Trading volume was below the 50-day average.</p>

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