$CDNS is one of biggest losers #stocks today. read more:

Cadence Design Systems, Inc. (symbol: CDNS) was one of the worst losers of
the trading day today (2016-07-26), losing -7.16%. The number of shares
that changed hands was 5,527,129, or about 2 times the average daily volume
in the stock.
The closing price was $24.26, amounting to a market cap of $7,300,000,000,
about -7.55% off the highest price in the last 12 months. The stock has
been trading at a range between $18.13 and $26.24.
CDNS is in the Computer Software: Prepackaged Software industry, part of
the Technology sector.
Looking at its valuation, the stock is now trading at 28.18 times earnings.