VirnetX Holding Corp (VHC)

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VHChttp://www.nasdaq.com/symbol/vhcMiscellaneousn/aMulti-Sector Companies

Latest VirnetX Holding Corp (VHC) company news

VirnetX Files Notice Regarding Agreed Bill of Costs and Prejudgment Interest of $93.3 Million in Apple Suit

Costs and Prejudgment Interest Brings VirnetX Award Total to $595.9 Million

ZEPHYR COVE, Nevada, Sept. 24, 2018 /PRNewswire/ -- VirnetX™ Holding Corporation (NYSE AMERICAN: VHC), an Internet security software and technology company, announced today that on September 20, 2018, pursuant to a Court's order, attorneys from VirnetX and Apple have conferred and agree without dispute amounts for Bill of Costs and Prejudgment Interest totaling $93,351,141 to be added to the $502,567,709 jury verdict for VirnetX in the ongoing patent infringement action between VirnetX Inc. ("VirnetX") and Apple Inc ("Apple"). 

About VirnetX
VirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 4G LTE security. The Company's software and technology solutions, including its secure domain name registry and Gabriel Connection Technology™, are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging, VoIP, smart phones, eReaders and video conferencing. The Company's patent portfolio includes over 115 U.S. and international patents and over 50 pending applications. For more information, please visit www.virnetx.com

Forward Looking Statements
Statements in this press release that are not statements of historical or current fact, including statements regarding the strength of VirnetX's intellectual property, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are based on expectations, estimates and projections about the markets in which the Company operates, management's beliefs, and certain assumptions made by management and involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements, including but not limited to (1) the outcome of any legal proceedings that have been or may be initiated by the Company or that may be initiated against the Company, including pending and future inter partes review proceedings in the Patent and Trademark Office and appeals; (2) the ability to capitalize on the Company's patent portfolio and generate licensing fees and revenues; (3) the ability of the Company to be successful in entering into licensing relationships with its targeted customers on commercially acceptable terms; (4) potential challenges to the validity of the Company's patents underlying its licensing opportunities; (5) the ability of the Company to achieve widespread customer adoption of the Company's Gabriel Communication Technology™ and its secure domain name registry; (6) the level of adoption of the 3GPP Series 33 security specifications; (7) whether or not the Company's patents or patent applications may be determined to be or become essential to any standards or specifications in the 3GPP LTE, SAE project or otherwise; (8) the extent to which specifications relating to any of the Company's patents or patent applications may be adopted as a final standard, if at all; and (9) the possibility that Company may be adversely affected by other economic, business, and/or competitive factors.  In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," or "plans" to be uncertain and forward-looking.  The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including those under the heading "Risk Factors" in Company's Annual Report on Form 10-K filed on March 16, 2017 and Quarterly Report on Form 10-Q filed with the SEC on August 9, 2018. Many of the factors that will determine the outcome of the subject matter of this press release are beyond the Company's ability to control or predict.  Except as required by law, the Company is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

Contact:
Investor Relations
VirnetX Holding Corporation
775.548.1785
[email protected]

VirnetX, Gabriel Collaboration Suite, Gabriel Secure Communications Platform and GABRIEL Connection Technology are trademarks of VirnetX Holding Corporation. Other company and product names may be trademarks of their respective owner

 

Cision

View original content:http://www.prnewswire.com/news-releases/virnetx-files-notice-regarding-agreed-bill-of-costs-and-prejudgment-interest-of-93-3-million-in-apple-suit-300717250.html

Who Owns Most Of VirnetX Holding Corp (NYSEMKT:VHC)?

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If you want to know who really controls VirnetX Holding Corp (NYSEMKT:VHC), then you’ll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, ‘Don’t tell me what you think, tell me what you have in your portfolio.’

VirnetX Holding is not a large company by global standards. It has a market capitalization of US$216.4m, which means it wouldn’t have the attention of many institutional investors. In the chart below below, we can see that institutional investors have bought into the company. Let’s take a closer look to see what the different types of shareholder can tell us about VHC.

See our latest analysis for VirnetX Holding

AMEX:VHC Ownership Summary September 11th 18

What Does The Institutional Ownership Tell Us About VirnetX Holding?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

We can see that VirnetX Holding does have institutional investors; and they hold 23.5% of the stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of VirnetX Holding, (below). Of course, keep in mind that there are other factors to consider, too.

AMEX:VHC Income Statement Export September 11th 18

Hedge funds don’t have many shares in VirnetX Holding. As far I can tell there isn’t analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of VirnetX Holding

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

It seems insiders own a significant proportion of VirnetX Holding Corp. It has a market capitalization of just US$216.4m, and insiders have US$26.6m worth of shares in their own names. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.

General Public Ownership

The general public, mostly retail investors, hold a substantial 64.2% stake in VHC, suggesting it is a fairly popular stock. This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.

Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow .

Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at [email protected].

VirnetX Receives District Court's Final Judgment Affirming Jury's Verdict of $502.6 Million

Final Judgment of $1.20 Per Infringing Apple Device Plus Interest, Costs and Sunset Royalty

ZEPHYR COVE, Nev., Aug. 31, 2018 /PRNewswire/ -- VirnetX™ Holding Corporation (NYSE AMERICAN: VHC), an Internet security software and technology company, announced today that on August 30, 2018, the United States District Court for the Eastern District of Texas, Tyler Division, entered a Final Judgment and issued its Memorandum Opinion and Order ("Order") regarding post-trial motions resulting from the prior $502.6 million jury verdict ("Verdict") for VirnetX in the ongoing patent infringement action between VirnetX Inc. ("VirnetX") and Apple Inc ("Apple").

In the Order, The Court affirmed the jury's verdict of $502.6 million and granted VirnetX's motions for supplemental damages, a sunset royalty and the royalty rate set at $1.20 per infringing iPhone, iPad and Mac products, pre-judgment and post-judgment interest and costs.

In the Order, the Court denied Apple's Omnibus Motion for Judgment as a Matter of Law under Rule 50(b) and for a New Trial.

"We are extremely pleased with the Court's Final Judgment of $502 million affirming the jury's verdict of $1.20 per infringing device and granting us supplemental damages, a sunset royalty, interest and costs.  This is the fourth time a jury has unanimously found in our favor against Apple and the patents in this suit have been found not invalid by the Federal Court of Appeals," said Kendall Larsen, VirnetX CEO and President.  "This Final Judgment is warranted due to the large amount of infringing Apple devices.  The cost of our security technology in infringing devices has been apportioned and is less than a quarter of one percent of the device's cost. We believe this established per device rate for security is very reasonable and will greatly assist us with our domestic and global licensing efforts."

About VirnetX

VirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 4G LTE security. The Company's software and technology solutions, including its secure domain name registry and Gabriel Connection Technology™, are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging, VoIP, smart phones, eReaders and video conferencing. The Company's patent portfolio includes over 115 U.S. and international patents and over 50 pending applications. For more information, please visit www.virnetx.com

Forward Looking Statements

Statements in this press release that are not statements of historical or current fact, including statements regarding the strength of VirnetX's intellectual property, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are based on expectations, estimates and projections about the markets in which the Company operates, management's beliefs, and certain assumptions made by management and involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements, including but not limited to (1) the outcome of any legal proceedings that have been or may be initiated by the Company or that may be initiated against the Company, including pending and future inter partes review proceedings in the Patent and Trademark Office and appeals; (2) the ability to capitalize on the Company's patent portfolio and generate licensing fees and revenues; (3) the ability of the Company to be successful in entering into licensing relationships with its targeted customers on commercially acceptable terms; (4) potential challenges to the validity of the Company's patents underlying its licensing opportunities; (5) the ability of the Company to achieve widespread customer adoption of the Company's Gabriel Communication Technology™ and its secure domain name registry; (6) the level of adoption of the 3GPP Series 33 security specifications; (7) whether or not the Company's patents or patent applications may be determined to be or become essential to any standards or specifications in the 3GPP LTE, SAE project or otherwise; (8) the extent to which specifications relating to any of the Company's patents or patent applications may be adopted as a final standard, if at all; and (9) the possibility that Company may be adversely affected by other economic, business, and/or competitive factors.  In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," or "plans" to be uncertain and forward-looking.  The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including those under the heading "Risk Factors" in Company's Annual Report on Form 10-K filed on March 16, 2017 and Quarterly Report on Form 10-Q filed with the SEC on August 9, 2018. Many of the factors that will determine the outcome of the subject matter of this press release are beyond the Company's ability to control or predict.  Except as required by law, the Company is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

Contact:
Investor Relations
VirnetX Holding Corporation
775.548.1785
[email protected]

VirnetX, Gabriel Collaboration Suite, Gabriel Secure Communications Platform and GABRIEL Connection Technology are trademarks of VirnetX Holding Corporation. Other company and product names may be trademarks of their respective owner

 

Cision

View original content:http://www.prnewswire.com/news-releases/virnetx-receives-district-courts-final-judgment-affirming-jurys-verdict-of-502-6-million-300705272.html

VirnetX Files to Replace Expiring Universal Registration Statement

ZEPHYR COVE, Nev., July 30, 2018 /PRNewswire/ -- VirnetX Holding Corporation (NYSE AMERICAN: VHC), a leader in Internet communication security software and technology, announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC), which is intended to replace its current Form S-3 registration statement expiring on September 2, 2018.

VirnetX's current Form S-3 registration statement was declared effective on September 2, 2015.  As of July 17, 2018, the company has used approximately 40% of the total $100 million value of securities subject to the current Form S-3 registration statement. The remaining amount subject to the current registration statement may not be used after September 2, 2018.  The new registration statement, when declared effective by the SEC, will allow the company to offer up to $100 million of securities. 

"The new registration statement will allow us to continue to access the capital markets in order to fund the company to achieve our strategic objectives," said Kendall Larsen, VirnetX CEO and President.  "It is both prudent and fiscally responsible to have financing options open to the company and we expect that refreshing this universal registration statement will allow us to raise funds if necessary."

VirnetX has filed a registration statement (including a prospectus) with the SEC which has not yet been declared effective.  The securities subject to the registration statement may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer of these securities will be made solely by means of the prospectus included in the registration statement and any applicable prospectus supplement that may be issued with respect to such offering.  Before you invest, you should read the prospectus (including any prospectus supplement thereto) in the registration statement and other documents the VirnetX has filed with the SEC for more complete information about VirnetX and the offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, VirnetX will arrange to send you the prospectus if you request it by calling (775) 548-1785.

About VirnetX

VirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 4G LTE security. The Company's software and technology solutions, including its secure domain name registry and Gabriel Connection Technology™, are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging, VoIP, smart phones, eReaders and video conferencing. The Company's patent portfolio includes over 115 U.S. and international patents and over 50 pending applications. For more information, please visit www.virnetx.com

Forward Looking Statements

Statements in this press release that are not statements of historical or current fact, including statements regarding the effectiveness of the Form S-3 and VirnetX's ability to raise capital, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are based on expectations, estimates and projections about the markets in which the Company operates, management's beliefs, and certain assumptions made by management and involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements, including but not limited to (1) the outcome of any legal proceedings that have been or may be initiated by the Company or that may be initiated against the Company, including pending and future inter partes review proceedings in the Patent and Trademark Office and appeals therefrom; (2) the ability to capitalize on the Company's patent portfolio and generate licensing fees and revenues; (3) the ability of the Company to be successful in entering into licensing relationships with its targeted customers on commercially acceptable terms; (4) potential challenges to the validity of the Company's patents underlying its licensing opportunities; (5) the ability of the Company to achieve widespread customer adoption of the Company's Gabriel Communication Technology™ and its secure domain name registry; (6) the level of adoption of the 3GPP Series 33 security specifications; (7) whether or not the Company's patents or patent applications may be determined to be or become essential to any standards or specifications in the 3GPP LTE, SAE project or otherwise; (8) the extent to which specifications relating to any of the Company's patents or patent applications may be adopted as a final standard, if at all; (9) VirnetX's ability to have the Form S-3 declared effective by the SEC and the timing thereof; (10) the status of the capital markets and investor demand; and (11) the possibility that Company may be adversely affected by other economic, business, and/or competitive factors.  In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," or "plans" to be uncertain and forward-looking.  The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including those under the heading "Risk Factors" in Company's Quarterly Report on Form 10-K filed with the SEC on May 10, 2018.  Many of the factors that will determine the outcome of the subject matter of this press release are beyond the Company's ability to control or predict.  Except as required by law, the Company is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

Contact:

VirnetX Holding Corporation
Investor Relations
775.548.1785
[email protected]

VirnetX, Gabriel Collaboration Suite, Gabriel Secure Communications Platform and GABRIEL Connection Technology are trademarks of VirnetX Holding Corporation.

 

Cision

View original content:http://www.prnewswire.com/news-releases/virnetx-files-to-replace-expiring-universal-registration-statement-300688432.html

Free Daily Technical Summary Reports on Zynga and Three Other Tech Stocks

Stock Research Monitor: VHC, YEXT, and TTWO

LONDON, UK / ACCESSWIRE / July 19, 2018 / If you want a free Stock Review on ZNGA sign up now at www.wallstequities.com/registration. On Wednesday, the NASDAQ Composite ended the day at 7,854.44, down 0.01%; the Dow Jones Industrial Average edged 0.32% higher, to finish at 25,199.29; and the S&P 500 closed at 2,815.62, marginally gaining 0.22%. US markets saw six out of nine sectors finishing the day in green, two in red, and one in neutral territory. WallStEquities.com has initiated research reports on the following Technology stocks: VirnetX Holding Corp. (NYSE AMER: VHC), Yext Inc. (NYSE: YEXT), Take-Two Interactive Software Inc. (NASDAQ: TTWO), and Zynga Inc. (NASDAQ: ZNGA). All you have to do is sign up today for this free limited time offer by clicking the link below.

www.wallstequities.com/registration

VirnetX Holding

Zephyr Cove, Nevada-based VirnetX Holding Corp.’s stock finished Wednesday’s session 1.49% lower at $3.30 with a total trading volume of 225,890 shares. The stock has gained 1.54% over the past three months. The Company’s shares are trading below their 50-day moving average by 0.15%. Moreover, shares of VirnetX Holding, which through its subsidiary VirnetX, operates as an Internet security software and technology company in the US and internationally, have a Relative Strength Index (RSI) of 44.82. Get the full research report on VHC for free by clicking below at:

www.wallstequities.com/registration/?symbol=VHC

Yext

Shares in New York-based Yext Inc. rose 0.54%, ending yesterday’s session at $18.65 with a total trading volume of 664,700 shares. The stock has gained 36.33% in the previous three months and 32.08% over the past twelve months. The Company’s shares are trading above their 50-day and 200-day moving averages by 7.65% and 36.37%, respectively. Moreover, shares of Yext, which provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe, have an RSI of 52.11.

On July 11th, 2018, research firm KeyBanc Capital Markets downgraded the Company's stock rating from 'Overweight' to 'Sector Weight'. The free technical report on YEXT can be accessed at:


www.wallstequities.com/registration/?symbol=YEXT


Take-Two Interactive Software

On Wednesday, New York headquartered Take-Two Interactive Software Inc.’s stock saw a rise of 0.10%, to close the day at $126.81. A total volume of 1.58 million shares was traded. The Company’s shares have advanced 23.72% in the previous three months and 63.69% over the last twelve months. The stock is trading above its 50-day and 200-day moving averages by 8.61% and 14.59%, respectively. Additionally, shares of the Company, which develops, publishes, and markets interactive entertainment solutions for consumers worldwide, have an RSI of 67.14. Sign up for free on Wall St. Equities and claim the latest report on TTWO at:

www.wallstequities.com/registration/?symbol=TTWO

Zynga

Shares in San Francisco, California headquartered Zynga Inc. ended the day 0.23% lower at $4.30. A total volume of 5.82 million shares was traded. The stock has gained 18.46% in the previous three months and 17.81% over the last twelve months. The Company’s shares are trading above their 50-day and 200-day moving averages by 2.63% and 11.35%, respectively. Furthermore, shares of Zynga, which develops, markets, and operates social games as live services in the US and internationally, have an RSI of 55.21. See the free research coverage on ZNGA at:

www.wallstequities.com/registration/?symbol=ZNGA

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