If You Invested $1000 In This Stock 15 Years Ago, You Would Have $59,000 Today

Cadence Design Sys CDNS has outperformed the market over the past 15 years by 19.77% on an annualized basis producing an average annual return of 31.64%. Currently, Cadence Design Sys has a market capitalization of $69.63 billion.

Buying $1000 In CDNS: If an investor had bought $1000 of CDNS stock 15 years ago, it would be worth $59,338.00 today based on a price of $255.92 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.