If You Invested $100 In This Stock 20 Years Ago, You Would Have $2,200 Today

Cadence Design Sys CDNS has outperformed the market over the past 20 years by 8.28% on an annualized basis producing an average annual return of 16.72%. Currently, Cadence Design Sys has a market capitalization of $74.98 billion.

Buying $100 In CDNS: If an investor had bought $100 of CDNS stock 20 years ago, it would be worth $2,192.95 today based on a price of $273.82 for CDNS at the time of writing.

Cadence Design Sys’s Performance Over Last 20 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.