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Why is CDNS stock moving?

Cadence Design Systems, Inc. · end-of-day data as of Oct 16, 2026

Cadence Design Systems, Inc.
CDNS · $87.99B
$319.51-2.1%last 60 sessions · close Oct 16, 2026
$265.66$416.3952 weeks
Buy · 25 analystsPT $400.29 +25.3%
  • P/E vs own-17.2%
  • P/E vs sector+90.2%
  • Target upside+25.3%
  • Off 52w high-23.3%
  • Insiders-$5.85M
  • FCF yield+1.9%
  • Earnings in10d
  • Trendsideways
  • Sector▲ +1.1%
  • RSI44
  • MA20×50Golden 4d ago
  • Volume1.1x
  • Support-3.3%
  • Resistance+1.4%

The move, split

Cadence Design Systems, Inc. (CDNS) fell 1.5% on Oct 16, 2026.

The market (SPY) fell 1.1%; Technology stocks fell 3.3%. Most of the move came from its sector.

Market (SPY)-1.1%
Technology sector-2.2%
CDNS specific+1.8%

0 stories on the day (30-day average 1.1).

Market = SPY. Sector = equal-weight average of the tracked companies in the same sector, net of the market.

Context

  • News0.00
  • Volume1.1x
  • Off 52w high-23.3%
  • Sector▲ +1.1%
  • Earnings in10d

Latest news

Sentiment classified by AI from the headline (green positive, red negative). Links open the publisher.