Cadence Design Systems Inc. stock outperforms competitors despite losses on the day

MarketWatch Automation

Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -0.85% slid 2.58% to $155.81 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.72% falling 2.38% to 4,017.82 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.50% falling 1.94% to 32,272.79. This was the stock's second consecutive day of losses. Cadence Design Systems Inc. closed $36.89 below 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 -2.33% fell 4.26% to $195.06, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -1.21% fell 1.80% to $317.08, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -1.31% fell 3.10% to $250.81. Trading volume (1.2 M) remained 436,289 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

Add to watchlist CDNS

Cadence Design Systems Inc.

US : U.S.: Nasdaq

$ 191.00

-1.63 -0.85%

Volume: 1.34M

Aug. 17, 2022 4:00p

P/E Ratio

68.28

Dividend Yield

N/A

Market Cap

$52.76 billion

Rev. per Employee

$353,034

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,274.04

-31.16 -0.72%

Volume: 2.22B

Aug. 17, 2022 5:52p

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

33,980.32

-171.69 -0.50%

Volume: 320.97M

Aug. 17, 2022 5:52p

/zigman2/quotes/209828392/composite

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Autodesk Inc.

US : U.S.: Nasdaq

$ 228.20

-5.44 -2.33%

Volume: 1.03M

Aug. 17, 2022 4:00p

P/E Ratio

103.57

Dividend Yield

N/A

Market Cap

$50.76 billion

Rev. per Employee

$362,500

/zigman2/quotes/208349984/composite

Add to watchlist SNPS

Synopsys Inc.

US : U.S.: Nasdaq

$ 381.00

-4.67 -1.21%

Volume: 1.48M

Aug. 17, 2022 4:00p

P/E Ratio

59.26

Dividend Yield

N/A

Market Cap

$59.00 billion

Rev. per Employee

$290,705

/zigman2/quotes/207638775/composite

Add to watchlist ANSS

Ansys Inc.

US : U.S.: Nasdaq

$ 279.99

-3.73 -1.31%

Volume: 288,287

Aug. 17, 2022 4:00p

P/E Ratio

53.72

Dividend Yield

N/A

Market Cap

$24.70 billion

Rev. per Employee

$391,326