This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cadence Design Systems Inc. (CDNS) shed 8.62% to $376.19 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&amp;P 500 Index falling 2.64% to 7,383.74 and Dow Jones Industrial Average falling 1.35% to 50,866.78.
Cadence Design Systems Inc. closed 9.72% short of its 52-week high of $416.69, which the company reached on June 2nd.
The stock underperformed when compared to some of its competitors Friday, as Fortinet Inc. (FTNT) fell 3.33% to $144.68, Synopsys Inc. (SNPS) fell 5.99% to $464.85, and Palo Alto Networks Inc. (PANW) fell 2.58% to $272.05.
Trading volume (3.4 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 5, 2026.
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06-05-26 1637ET

CDNS

Cadence Design Systems (CDNS) shares fell 8.62% to $376.19 on Friday, underperforming competitors like Fortinet, Synopsys, and Palo Alto Networks during a broad market decline. The S&P 500 dropped 2.64%, while the Dow Jones fell 1.35%. CDNS closed 9.72% below its 52-week high of $416.69. Trading volume reached 3.4 million, exceeding the 50-day average of 2.4 million.

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Cadence Design Systems Inc. Stock Underperforms Friday When Compared To Competitors