$100 Invested In This Stock 15 Years Ago Would Be Worth $7,000 Today

Benzinga ·  Dec 1, 2023 12:30

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 15 years by 21.05% on an annualized basis producing an average annual return of 32.44%. Currently, Cadence Design Sys has a market capitalization of $74.40 billion.

Buying $100 In CDNS: If an investor had bought $100 of CDNS stock 15 years ago, it would be worth $6,953.59 today based on a price of $273.45 for CDNS at the time of writing.

Cadence Design Sys's Performance Over Last 15 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.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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