Here's How Much $1000 Invested In Cadence Design Sys 20 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Cadence Design Sys (NASDAQ:CDNS) has produced an average annual return of 14.53%, outperforming the market. A $1000 investment in CDNS 20 years ago would be worth $15,091.81 today. Cadence Design Sys currently has a market capitalization of $74.71 billion.
December 19, 2023 | 8:31 pm
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POSITIVE IMPACT
Cadence Design Sys has shown strong long-term performance with an average annual return of 14.53% over the past 20 years, significantly outperforming the market.
The historical performance data of Cadence Design Sys is likely to instill confidence in investors, potentially leading to a positive sentiment and an increase in the stock's attractiveness for long-term investment. This could result in a short-term uptick in the stock price as investors are reminded of the company's strong past performance and may consider it a reliable investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100