business

Investment Growth: $1,000 in Cadence Design Systems Worth Nearly $3,000 Today

Q: What is the current stock price of Cadence Design Systems?

The current price of Cadence Design Systems stock is **$379.43**.

Benzinga•May 26, 20261 min

In a Nutshell

An investment of $1,000 in Cadence Design Systems (NASDAQ:CDNS) five years ago would be valued at approximately $2,990.47 today, reflecting an impressive annualized return of 24.74% and outperforming the market by 12.45%.

Key Points

01Cadence Design Systems has achieved an average annual return of 24.74% over the past five years.
02The company's market capitalization currently stands at $104.76 billion.
03A $1,000 investment in CDNS five years ago would be worth $2,990.47 today.
04The stock has outperformed the market by 12.45% annually during this period.
05The article emphasizes the significant impact of compounded returns on investment growth.

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Full Summary

Cadence Design Systems (NASDAQ:CDNS) has shown remarkable growth over the past five years, achieving an average annual return of 24.74%. This performance surpasses the market by 12.45% annually. As of now, the company's market capitalization is $104.76 billion. An investor who purchased...

Key Figures

$2,990.47

Value of a $1,000 investment in CDNS today

24.74%

Average annual return over the past five years

$104.76 billion

Current market capitalization of Cadence Design Systems

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FAQ

The current price of Cadence Design Systems stock is $379.43.

Compounded returns refer to the process where the value of an investment increases because the earnings on an investment earn interest as time passes.

Cadence Design Systems

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