If You Invested $100 In This Stock 20 Years Ago, You Would Have $2,200 Today
Portfolio Pulse from Benzinga Insights
Cadence Design Systems (NASDAQ:CDNS) has significantly outperformed the market over the past 20 years, with an annualized return of 16.72%. A $100 investment in CDNS 20 years ago would be worth $2,192.95 today. The article highlights the power of compounded returns.
August 23, 2024 | 8:30 pm
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Cadence Design Systems has shown strong long-term performance, with a 16.72% annualized return over 20 years. This highlights the company's consistent growth and the power of compounded returns.
The article emphasizes Cadence Design Systems' strong historical performance, which is likely to positively influence investor sentiment and potentially drive short-term stock price appreciation.
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