Cadence Design Systems Inc. – Recent Trading Performance
Price movement (Friday, 23 March 2026)
- Cadence Design Systems (CDNS) closed 5.04 % lower at USD 309.65.
- Trading volume for the last 24 hours totaled USD 895.5 million.
- Shares traded in the period represent a market‑capitalisation of USD 89.8 billion.
Historical price context
- 52‑week high: USD 416.69 (2 June 2026).
- 52‑week low: USD 262.75 (3 February 2026).
- 200‑day simple moving average: USD 327.21.
- Since the end of the previous month, CDNS has increased 0.18 %.
Current market fundamentals
- Shares outstanding: 275.4 million.
- Current price‑to‑earnings ratio is not disclosed in the provided data.
Peer Performance in the Last 24 Hours
| Symbol | % Change | Current Price (USD) | Market Capitalisation (USD) | P/E Ratio |
|---|---|---|---|---|
| MRNA (Moderna) | –17.57 % | 202.63 | 98.1 bn | Not specified |
| ADBE (Adobe) | +6.07 % | 270.55 | 99.3 bn | 14.23 |
| MAR (Marriott) | –1.78 % | 396.80 | 105.4 bn | 41.87 |
| CME (Cme) | +3.45 % | 305.98 | 106.4 bn | 24.18 |
| DDOG (Datadog) | –5.62 % | 257.75 | 98.1 bn | 517.18 |
Key Highlights
- Moderna (MRNA): Shares fell sharply following a late‑stage trial of a personalized melanoma vaccine with Merck. The vaccine’s performance was below market expectations, leading to a “sell‑the‑news” reaction.
- Adobe (ADBE): The stock gained 6.07 % amid a broader decline in the NASDAQ‑100. Adobe’s partnership with the BWT Alpine Formula One Team as the official AI fan‑experience partner was highlighted, underscoring its focus on AI‑powered customer engagement.
- Marriott (MAR): The hotel chain’s shares declined modestly, with a P/E of 41.87.
- Cme (CME): The exchange traded up 3.45 %, maintaining a P/E of 24.18.
- Datadog (DDOG): Shares dropped 5.62 %, with an exceptionally high P/E of 517.18, reflecting valuation pressures in the SaaS analytics sector.
Company Overview
Cadence Design Systems, Inc. is a U.S.‑based provider of electronic design automation (EDA) software, design, and consulting services. The company licenses its EDA technology and offers professional services to facilitate the development of complex semiconductor chips and electronic systems. Cadence’s solutions support design realization for a range of industries, including consumer electronics, automotive, and aerospace. The company was founded in 1987 and is listed on the Nasdaq stock exchange under the ticker symbol CDNS. More information is available on its website at www.cadence.com .
