If You Invested $1000 In This Stock 5 Years Ago, You Would Have $3,500 Today
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 28.59%. A $1000 investment in CDNS 5 years ago would be worth $3,459.17 today. The article highlights the power of compounded returns.
August 05, 2024 | 5:00 pm
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Cadence Design Systems (NASDAQ:CDNS) has delivered an impressive average annual return of 28.59% over the past 5 years, significantly outperforming the market. A $1000 investment in CDNS 5 years ago would now be worth $3,459.17.
The article highlights the strong historical performance of CDNS, which is likely to positively influence investor sentiment and potentially drive short-term price appreciation.
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