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.