$1000 Invested In This Stock 15 Years Ago Would Be Worth $23,000 Today
Portfolio Pulse from Benzinga Insights
Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 15 years, producing an average annual return of 23.53%. If an investor had bought $1000 of CDNS stock 15 years ago, it would be worth $23,294.39 today. The company currently has a market capitalization of $62.25 billion.
July 07, 2023 | 6:30 pm
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Cadence Design Sys has shown strong performance over the past 15 years, with an average annual return of 23.53%. This historical performance may attract new investors, potentially driving the stock price up in the short term.
The news highlights the strong historical performance of Cadence Design Sys, which could attract new investors looking for stocks with a proven track record. This increased demand could drive the stock price up in the short term.
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