---
title: "Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290737643.md"
description: "Cadence Design Systems (CDNS) shares fell 1.76% to $372.40, marking its second consecutive day of losses. Despite the decline, CDNS outperformed peers like Fortinet and Palo Alto Networks, though it lagged behind Synopsys. The stock remains 10.63% below its 52-week high. Trading volume was below the 50-day average."
datetime: "2026-06-24T20:39:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290737643.md)
  - [en](https://longbridge.com/en/news/290737643.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290737643.md)
generator: "portal-rs"
---

# Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day

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

Shares of Cadence Design Systems Inc. (CDNS) slid 1.76% to $372.40 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.35% to 51,848.90 and the S&P 500 Index falling 0.10% to 7,358.22.

This was the stock's second consecutive day of losses.

Cadence Design Systems Inc. closed 10.63% short of its 52-week high of $416.69, which the company reached on June 2nd.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Fortinet Inc. (FTNT) fell 1.84% to $145.28, Synopsys Inc. (SNPS) rose 0.53% to $463.93, and Palo Alto Networks Inc. (PANW) fell 1.94% to $285.26.

Trading volume (1.9 M) remained 630,816 below its 50-day average volume of 2.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 24, 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

06-24-26 1639ET

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## Related News & Research

- [12,887 Shares in Cadence Design Systems, Inc. $CDNS Purchased by M.D. Sass LLC](https://longbridge.com/en/news/296337334.md)
- [Cadence to Present at Deutsche Bank Technology Conference | CDNS Stock News](https://longbridge.com/en/news/296397304.md)
- [What Are Wall Street Analysts' Target Price for Synopsys Stock?](https://longbridge.com/en/news/296802357.md)
- [Q3 Earnings Forecast for FormFactor Issued By Zacks Research](https://longbridge.com/en/news/296738760.md)
- [Citizens Financial Group Inc. RI Buys New Shares in Cadence Design Systems, Inc. $CDNS](https://longbridge.com/en/news/296320744.md)

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