Cadence Design Systems Inc. Stock Rallies 3.8%, Underperforms Peers
Dow Jones2026/08/27 20:35This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Cadence Design Systems Inc. rose 3.8% to $347.55 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,730.99 and the Dow Jones Industrial Average rising 0.2% to 53,569.44.
This was the stock's third consecutive day of gains.
Cadence Design Systems Inc. closed 16.6% 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 peers, as Fortinet Inc. rose 9.7% to $172.78, Synopsys Inc. rose 13.4% to $464.89, and Palo Alto Networks Inc. rose 12.83% to $382.85.
Trading volume totaled 2.7 million, compared to the 50-day average of 2.4 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 27, 2026 16:35 ET (20:35 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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