Cadence Design Systems (NASDAQ:CDNS) has outperformed the market over the past 10 years by 17.01% on an annualized basis producing an average annual return of 30.48%. Currently, Cadence Design Systems has a market capitalization of $82.95 billion.

Buying $100 In CDNS: If an investor had bought $100 of CDNS stock 10 years ago, it would be worth $1,444.29 today based on a price of $304.75 for CDNS at the time of writing.

Cadence Design Systems’s Performance Over Last 10 Years

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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.