If You Invested $1000 In This Stock 5 Years Ago, You Would Have $3,500 Today

Cadence Design Sys 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

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.