If You Invested $100 In This Stock 5 Years Ago, You Would Have $500 Today
Portfolio Pulse from Benzinga Insights
Cadence Design Systems (CDNS) has significantly outperformed the market with an annualized return of 26.65% over the past 5 years, resulting in an average annual return of 39.21%. An investment of $100 in CDNS 5 years ago would be worth $530.94 today. The company currently has a market capitalization of $83.12 billion.
February 26, 2024 | 7:00 pm
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Cadence Design Systems (CDNS) has shown remarkable performance over the past 5 years, with an investment growth from $100 to $530.94, reflecting a significant outperformance against the market.
The substantial growth in investment value from $100 to $530.94 over 5 years highlights the strong performance and market outperformance of Cadence Design Systems. This significant return is likely to attract investor attention and could lead to a positive short-term impact on the stock price, especially considering the company's large market capitalization of $83.12 billion.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100