VirnetX Holding Corporation (VHC) Jump 53% After Winning $626 Million Patent Case Against Apple (AAPL)

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Shares of VirnetX Holding Corporation (NYSEMKT:VHC) are up a ton this morning after the company announced that they have won a huge $625.6 million patent infringement case against Apple (NASDAQ:AAPL). VirnetX is considered by many to be a “Patent Troll”, making money simply through patent litigation. The trial, which was ruled upon in East Texas, claimed that Apple had infringed upon four of their patents.

“We are thankful for the jurors’ hard work and attention in this case, and for reaching a just verdict,” said VirnetX lawyer Jason Cassady in an e-mailed statement. “The jury saw what we have been saying all along: Apple has been infringing VirnetX’s patented technology for years.”

This is huge news for VirnetX Holding Corporation (NYSEMKT:VHC), and their investors are quite pleased this morning. The stock is up 52.61% or $2.52 following the news, hitting $7.31 per share. About 5.23M shares traded hands or up 430.01% from the average. VHC has risen 14.05% since June 30, 2015 and is currently uptrending. It has outperformed the S&P500 by 21.35%.

VirnetX Holding Corporation is an Internet security software and technology Company with patented technology for secure communications including 4G LTE security. The company has a market cap of $386.96 million. The Company’s software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology, are designed to facilitate secure communications and provide the security platform required by Internet applications, such as instant messaging , voice over Internet protocol (VoIP), mobile services, streaming video, file transfer, remote desktop and machine-to-machine (M2M) communications. It currently has negative earnings. The Company’s portfolio is primarily focused on securing communications over the Internet, as well as related services, such as the establishment and maintenance of a secure domain name registry.

#focuskw=’VirnetX Holding Corporation (NYSEMKT:VHC)’##metadesc=’Shares of VirnetX Holding Corporation (NYSEMKT:VHC) are up a ton this morning after the company announced that they have won a huge $625.6 million patent infringement case against Apple (NASDAQ:AAPL). VirnetX is considered by many to be a “Patent Troll”, making money simply through patent litigation. The trial, which was ruled upon in East Texas, claimed that Apple had infringed upon four of their patents.

“We are thankful for the jurors’ hard work and attention in this case, and for reaching a just verdict,” said VirnetX lawyer Jason Cassady in an e-mailed statement. “The jury saw what we have been saying all along: Apple has been infringing VirnetX’s patented technology for years.”

This is huge news for VirnetX Holding Corporation (NYSEMKT:VHC), and their investors are quite pleased this morning. ‘##metarobot=’index’##newskw=’VirnetX Holding Corporation news,VirnetX Holding Corporation – (NYSEMKT:VHC),NYSEMKT:VHC Analyst rating analysis,Stock Analysis,Outlook and potential,VHC Price change and trend,VHC stock update’##sitemap=’include’##skipsocial##stockticker=’NYSEMKT:VHC’#

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