Here's How Much You Would Have Made Owning Cadence Design Sys Stock In The Last 20 Years
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Cadence Design Sys (NASDAQ:CDNS) has outperformed the market with an annualized return of 15.66%, turning a $1000 investment into $18,449.91 today. The company currently has a market capitalization of $79.66 billion.
February 06, 2024 | 9:30 pm
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Cadence Design Sys has shown a remarkable performance over the last 20 years with an average annual return of 15.66%, significantly outperforming the market.
The historical performance of Cadence Design Sys over the past 20 years, as detailed in the article, highlights the company's strong and consistent growth. This performance, especially the significant return on investment from a $1000 investment 20 years ago, underscores the company's value and potential for future growth. Given the historical data, there's a positive outlook on the stock's short-term performance, assuming the company continues its trajectory.
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