$1000 Invested In Cadence Design Sys 5 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, Cadence Design Sys (NASDAQ:CDNS) has significantly outperformed the market with an average annual return of 44.41%, turning a $1000 investment into $6,267.94. The company currently holds a market capitalization of $72.64 billion.
November 17, 2023 | 3:30 pm
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Cadence Design Sys has provided exceptional returns over the past 5 years, with a $1000 investment growing to $6,267.94, reflecting a strong performance in the tech sector.
The historical performance of Cadence Design Sys is indicative of the company's strong growth and market outperformance. This track record is likely to instill confidence in investors and could contribute to a positive short-term impact on the stock price, as it highlights the company's potential for continued success.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100