Here's How Much You Would Have Made Owning Cadence Design Sys Stock In The Last 5 Years
Portfolio Pulse from Benzinga Insights
Cadence Design Systems (NASDAQ:CDNS) has significantly outperformed the market over the past 5 years, delivering an average annual return of 34.83%. A $1000 investment in CDNS 5 years ago would now be worth $4,506.96. The company's current market capitalization is $79.26 billion.
May 16, 2024 | 4:30 pm
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Cadence Design Systems has delivered an impressive average annual return of 34.83% over the past 5 years, significantly outperforming the market. A $1000 investment 5 years ago would now be worth $4,506.96.
The article highlights the strong historical performance of CDNS, which is likely to positively influence investor sentiment and potentially drive the stock price higher in the short term.
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