Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 5 years by 16.3% on an annualized basis producing an average annual return of 28.59%. Currently, Cadence Design Sys has a market capitalization of $67.62 billion.
Buying $1000 In CDNS: If an investor had bought $1000 of CDNS stock 5 years ago, it would be worth $3,459.17 today based on a price of $246.95 for CDNS at the time of writing.
Cadence Design Sys's Performance Over Last 5 Years
![1722877216_0.png](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240806/41813693-0-a7670d6104d31dbd77ad6609b8b918fb.png/big)
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.