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June 10, 2022, 4:42 p.m. EDT

Cadence Design Systems Inc. stock falls Friday, underperforms market

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +0.52% slid 4.30% to $149.11 Friday, 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 0.00% falling 2.91% to 3,900.86 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.23% falling 2.73% to 31,392.79. This was the stock's third consecutive day of losses. Cadence Design Systems Inc. closed $43.59 below its 52-week high ($192.70), which the company achieved on December 28th.

The stock underperformed when compared to some of its competitors Friday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -0.11% fell 4.09% to $187.08, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +0.54% fell 3.69% to $305.39, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -2.44% fell 3.56% to $241.87. Trading volume (1.2 M) remained 439,862 below its 50-day average volume of 1.6 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
$ 186.55
+0.97 +0.52%
Volume: 1.42M
Aug. 5, 2022 4:00p
P/E Ratio
66.69
Dividend Yield
N/A
Market Cap
$51.09 billion
Rev. per Employee
$353,034
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/zigman2/quotes/210599714/realtime
US : S&P US
4,145.19
0.00 0.00%
Volume: 2.22B
Aug. 5, 2022 5:04p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
32,803.47
+76.65 +0.23%
Volume: 320.97M
Aug. 5, 2022 5:04p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 221.70
-0.24 -0.11%
Volume: 1.11M
Aug. 5, 2022 4:15p
P/E Ratio
100.62
Dividend Yield
N/A
Market Cap
$48.17 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 374.29
+2.00 +0.54%
Volume: 660,475
Aug. 5, 2022 4:00p
P/E Ratio
58.22
Dividend Yield
N/A
Market Cap
$57.26 billion
Rev. per Employee
$290,705
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/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 285.48
-7.15 -2.44%
Volume: 473,948
Aug. 5, 2022 4:00p
P/E Ratio
54.77
Dividend Yield
N/A
Market Cap
$24.83 billion
Rev. per Employee
$391,326
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