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May 13, 2022, 4:42 p.m. EDT

Cadence Design Systems Inc. stock underperforms Friday when compared to competitors despite daily gains

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -1.36% rallied 4.87% to $142.44 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.21% rising 2.39% to 4,023.89 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.05% rising 1.47% to 32,196.66. This was the stock's second consecutive day of gains. Cadence Design Systems Inc. closed $50.26 below its 52-week high ($192.70), which the company reached on December 28th.

The stock underperformed when compared to some of its competitors Friday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -1.95% rose 6.50% to $197.07, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -1.55% rose 5.32% to $275.99, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -2.04% rose 5.83% to $254.57. Trading volume (1.8 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
$ 155.48
-2.14 -1.36%
Volume: 120,915
June 27, 2022 10:20a
P/E Ratio
58.43
Dividend Yield
N/A
Market Cap
$43.47 billion
Rev. per Employee
$321,317
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/zigman2/quotes/210599714/realtime
US : S&P US
3,903.69
-8.05 -0.21%
Volume: 410.62M
June 27, 2022 10:20a
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,484.59
-16.09 -0.05%
Volume: 65.05M
June 27, 2022 10:20a
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 188.73
-3.75 -1.95%
Volume: 230,128
June 27, 2022 10:20a
P/E Ratio
86.73
Dividend Yield
N/A
Market Cap
$41.82 billion
Rev. per Employee
$349,071
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 312.55
-4.92 -1.55%
Volume: 122,508
June 27, 2022 10:20a
P/E Ratio
49.10
Dividend Yield
N/A
Market Cap
$48.56 billion
Rev. per Employee
$256,709
loading...
/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 251.71
-5.24 -2.04%
Volume: 49,130
June 27, 2022 10:20a
P/E Ratio
49.43
Dividend Yield
N/A
Market Cap
$22.35 billion
Rev. per Employee
$373,866
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