Cadence Design Systems Inc. stock underperforms Wednesday when compared to competitors

MarketWatch Automation

Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -0.26% shed 4.60% to $136.30 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.06% falling 4.04% to 3,923.68 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% falling 3.57% to 31,490.07. Cadence Design Systems Inc. closed $56.40 short of its 52-week high ($192.70), which the company achieved on December 28th.

The stock underperformed when compared to some of its competitors Wednesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +1.10% fell 3.92% to $187.98, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -0.81% fell 3.62% to $272.57, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +0.38% fell 4.22% to $242.27. Trading volume (1.3 M) remained 387,254 below 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

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