$1000 Invested In Cadence Design Sys 5 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, Cadence Design Systems (NASDAQ:CDNS) has significantly outperformed the market, with an annualized return of 34.86%, turning a $1000 investment into $4,634.48. The company now boasts a market capitalization of $81.12 billion.
April 17, 2024 | 3:30 pm
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Cadence Design Systems has shown remarkable growth over the past 5 years, with a $1000 investment growing to $4,634.48, reflecting a 34.86% annualized return.
The significant outperformance of Cadence Design Systems over the past 5 years, with an annualized return of 34.86%, indicates strong company growth and market confidence. This historical performance, coupled with a substantial market capitalization of $81.12 billion, suggests a positive outlook for CDNS stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100