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Here's How Much $1000 Invested In Cadence Design Sys 10 Years Ago Would Be Worth Today

Benzinga ·  May 20, 2023 02:00

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 10 years by 21.08% on an annualized basis producing an average annual return of 30.8%. Currently, Cadence Design Sys has a market capitalization of $58.79 billion.

Buying $1000 In CDNS: If an investor had bought $1000 of CDNS stock 10 years ago, it would be worth $14,726.09 today based on a price of $215.59 for CDNS at the time of writing.

Cadence Design Sys's Performance Over Last 10 Years

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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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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