$100 Invested In This Stock 15 Years Ago Would Be Worth $2,100 Today

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 15 years by 14.26% on an annualized basis producing an average annual return of 22.75%. Currently, Cadence Design Sys has a market capitalization of $62.22 billion.

Buying $100 In CDNS: If an investor had bought $100 of CDNS stock 15 years ago, it would be worth $2,114.41 today based on a price of $228.17 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.