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May 19, 2022, 4:42 p.m. EDT

Cadence Design Systems Inc. stock outperforms market on strong trading day

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -0.26% advanced 5.52% to $143.83 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.06% falling 0.58% to 3,900.79 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% falling 0.75% to 31,253.13. Cadence Design Systems Inc. closed $48.87 short of its 52-week high ($192.70), which the company reached on December 28th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +1.10% rose 3.05% to $193.72, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -0.81% rose 10.25% to $300.52, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +0.38% rose 2.37% to $248.00. Trading volume (2.4 M) eclipsed its 50-day average volume of 1.7 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

/zigman2/quotes/207095682/composite
US : U.S.: Nasdaq
$ 149.64
-0.39 -0.26%
Volume: 1.51M
July 1, 2022 4:00p
P/E Ratio
55.89
Dividend Yield
N/A
Market Cap
$41.26 billion
Rev. per Employee
$339,138
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,825.33
+39.95 +1.06%
Volume: 2.20B
July 1, 2022 5:45p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,097.26
+321.83 +1.05%
Volume: 313.35M
July 1, 2022 5:45p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 173.86
+1.90 +1.10%
Volume: 1.20M
July 1, 2022 4:00p
P/E Ratio
78.91
Dividend Yield
N/A
Market Cap
$37.77 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 301.23
-2.47 -0.81%
Volume: 916,546
July 1, 2022 4:00p
P/E Ratio
46.85
Dividend Yield
N/A
Market Cap
$46.08 billion
Rev. per Employee
$290,705
loading...
/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 240.19
+0.90 +0.38%
Volume: 409,884
July 1, 2022 4:00p
P/E Ratio
46.69
Dividend Yield
N/A
Market Cap
$20.89 billion
Rev. per Employee
$385,993
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