$1000 Invested In This Stock 20 Years Ago Would Be Worth $18,000 Today
Portfolio Pulse from Benzinga Insights
Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 20 years, producing an average annual return of 15.38%. If an investor had bought $1000 of CDNS stock 20 years ago, it would be worth $17,765.13 today. The company currently has a market capitalization of $66.20 billion.
September 04, 2023 | 5:00 pm
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Cadence Design Sys has shown strong performance over the past 20 years, with an average annual return of 15.38%. This historical performance may attract investors looking for long-term growth.
The news highlights the strong historical performance of Cadence Design Sys, which has outperformed the market over the past 20 years. This could potentially attract more investors to the stock, driving up demand and potentially leading to a short-term increase in the stock price.
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IMPORTANCE 80
RELEVANCE 100