Cadence Design Systems Inc. stock rises Tuesday, outperforms market

MarketWatch Automation

Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -0.26% rallied 2.91% to $141.17 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.06% rising 0.25% to 4,001.05 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% falling 0.26% to 32,160.74. The stock's rise snapped a three-day losing streak. Cadence Design Systems Inc. closed $51.53 short of its 52-week high ($192.70), which the company achieved on December 28th.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +1.10% rose 0.05% to $186.41, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -0.81% rose 3.09% to $270.51, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +0.38% rose 0.59% to $250.64. Trading volume (1.7 M) remained 64,961 below its 50-day average volume of 1.8 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

Add to watchlist CDNS

Cadence Design Systems Inc.

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

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

3,825.33

+39.95 +1.06%

Volume: 2.20B

July 1, 2022 5:45p

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

31,097.26

+321.83 +1.05%

Volume: 313.35M

July 1, 2022 5:45p

/zigman2/quotes/209828392/composite

Add to watchlist ADSK

Autodesk Inc.

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

/zigman2/quotes/208349984/composite

Add to watchlist SNPS

Synopsys Inc.

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

/zigman2/quotes/207638775/composite

Add to watchlist ANSS

Ansys Inc.

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