Make a back of your AUD.INI file. This is found here (if you've updated to the latest Cakewalk by Bandlab)
%APPDATA%\cakewalk\cakewalk core\
Then go to Cakewalk Preferences | Audio | Configuration file and change the following settings, see it it makes a difference.
MixThreadCount={no of your CPU cores minus 1}
EnableSetThreadIdealProcessor=false
Also, make sure you've disabled core parking.
In power settings, set CPU min and Max to 100%
Hope that helps.