If You Invested $100 In This Stock 5 Years Ago, You Would Have $600 Today
Portfolio Pulse from Benzinga Insights
Cadence Design Systems (CDNS) has significantly outperformed the market with an annualized return of 42.05% over the past 5 years, growing a $100 investment to $582.87. The company now has a market capitalization of $78.87 billion.
February 01, 2024 | 7:00 pm
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Cadence Design Systems (CDNS) has delivered an impressive annualized return of 42.05% over the past 5 years, significantly outperforming the market.
The substantial outperformance of Cadence Design Systems over the past 5 years, as indicated by its 42.05% annualized return and growth of a $100 investment to $582.87, highlights the company's strong market position and potential for continued growth. This performance, coupled with a significant market capitalization of $78.87 billion, suggests a positive outlook for CDNS stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100