Benzinga - by Benzinga Insights, Benzinga Staff Writer.
Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 5 years by 21.71% on an annualized basis producing an average annual return of 34.83%. Currently, Cadence Design Sys has a market capitalization of $79.26 billion.
Buying $1000 In CDNS: If an investor had bought $1000 of CDNS stock 5 years ago, it would be worth $4,506.96 today based on a price of $291.24 for CDNS at the time of writing.
Cadence Design Sys's Performance Over Last 5 Years
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
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