Why Cadence Design Systems Stock Soared 60% in 2019

Cadence Design Systems (NASDAQ: CDNS) stock rocketed 59.5% higher in 2019, according to data from S&P Global Market Intelligence. Shares of the provider of design solutions for integrated circuits and electronic devices have tacked on 5.8% in 2020 through Jan. 8.

For context, the S&P 500 index returned 31.5% last year, and it has returned 1.4% so far this year. 

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Source Fool.com