If You Invested $1000 In This Stock 15 Years Ago, You Would Have $59,000 Today
Portfolio Pulse from Benzinga Insights
Over the past 15 years, Cadence Design Systems (NASDAQ:CDNS) has delivered an average annual return of 31.64%, outperforming the market. A $1000 investment in CDNS 15 years ago would be worth $59,338 today. Cadence Design Systems currently has a market cap of $69.63 billion.
January 05, 2024 | 6:00 pm
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Cadence Design Systems (CDNS) has significantly outperformed the market with an annualized return of 19.77% over the past 15 years, turning a $1000 investment into $59,338.
While the historical performance of CDNS is impressive, past performance does not guarantee future results. The information is backward-looking and may not have a direct short-term impact on the stock price. However, it does highlight the company's strong historical growth, which could positively influence investor perception.
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