Here's How Much $1000 Invested In Cadence Design Sys 15 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 15 years, Cadence Design Sys (NASDAQ:CDNS) has significantly outperformed the market, with an annualized return of 32.78%, turning a $1000 investment into $73,256.47. The company's current market capitalization stands at $85.13 billion.
March 27, 2024 | 8:30 pm
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Cadence Design Sys has shown remarkable growth over the past 15 years, with a $1000 investment growing to $73,256.47.
The significant outperformance of Cadence Design Sys over the past 15 years, with an annualized return of 32.78%, highlights the company's strong growth and potential for future gains. This historical performance, coupled with a substantial market capitalization of $85.13 billion, suggests a positive outlook for CDNS stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100