VirnetX Holding (NYSEAMEX:VHC) Wins $368.2 Million Patent Verdict from Apple (AAPL)

VirnetX Holding Corporation (NYSEAMEX:VHC) moved up to record high in over 3 years after a federal jury reported the Cupertino, California-based Apple Inc (NASDAQ:AAPL) should pay $368.2 million for violating patents for virtual- private-network technology.

Shares of VirnetX moved up $7.32 or 28% to $33.61 and marked the major one-day gain since July 2009. Shares of the company hiked 35% current year as investors bet the corporation can garner big patent fees from Apple and Cisco Systems, Inc (NASDAQ:CSCO).

The tech corporation, which announced $36,000 in revenue from royalties in the primary half of this year, has a market worth of $1.7 billion.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. VASCO Data Security International, Inc. (NASDAQ:VDSI) fell -4.12% to settle at $7.21, Zix Corporation (NASDAQ:ZIXI) moved down -4.76% to end at $2.80 while Proofpoint Inc (NASDAQ:PFPT) dropped -3.24% to finish at $11.93 on Wednesday.

VirnetX Holding Corporation (NYSE:VHC) on Nov 07, 2012 increased +27.84% to the closing price of $33.61. The overall volume in the last trading session was 5.77 million shares. Its fifty two weeks range was $18.20 – $41.93. The total market capitalization remained at $1.72 billion.

VHC is ahead of its 52-week low with 84.67% and lagging behind from its 52-week high price with -19.84%. VHC’s last month’s stock price volatility remained 6.05%. In its share capital VHC has 51.10 million outstanding shares, among them 42.79 million shares have been floated in market exchange. VHC’s stock’s institutional ownership remained 27.95% while insider ownership included 0.27%.

The stock price of VHC is moving forward from its 20 days moving average with 22.47% and remote positively from 50 days moving average with 23.41%. VHC’s current year’s earnings per share experienced a downfall of -140.88% while its current quarter performance remained at 21.51%. Company’s beta coefficient included 1.72. Beta factors measure the amount of market risk associated with market trade.

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