VirnetX Holding CorporationNYSEMKT
Thu, Feb. 4, 12:48 PM
Thu, Feb. 4, 9:19 AM
- Gainers: VHC +89%. GLUU +21%. OCLS +18%. WFT +12%. ATNY +11%. SEDG +11%. PETX +10%. SVA +9%. ING +9%. TTWO +8%. SBH +8%. GRUB +7%. VALE +7%. HMY +7%. CDNS +6%. CDE +6%. SBGL +6%. GSH +5%. AUY +5%. VIAB +5%. RIO 5%.
- Losers: PPP -16%. KSS -15%. GPRO -15%. IMPV -13%. CS -13%. PACB -13%. RL -9%. AZN -7%.
Wed, Feb. 3, 5:15 PM
- "Correction - $VHC - the additional damages number is $290M+ putting the total number at $625M+," says Markman Advisors. The firm previously reported a damages figure of $544.7M for an infringement verdict in VirnetX's (NYSEMKT:VHC) Texas suit against Apple.
- Bloomberg reports a figure of $625.6M - $334.9M in royalties for older versions of Apple's VPN on Demand, and $290.7M for other infringements. Odds are high Apple will appeal. (jury verdict form)
- VirnetX is now trading at $9.05 after hours.
Wed, Feb. 3, 4:49 PM
- A Texas jury has reportedly awarded VirnetX (NYSEMKT:VHC) $544.7M in an infringement suit against Apple (NASDAQ:AAPL). Apple is reportedly ruled to have willfully infringed all asserted claims.
- VirnetX, crushed in 2014 after an appeals court ruled against the company in a case against Apple, has soared to $8.29 after hours. Shares rose 29.8% in regular trading ahead of the news.
- Last month: VirnetX soars after new Apple suit ruling
- Update (5:17PM ET): Markman Advisors has adjusted its reported damages figure to $625M+. Bloomberg reports a figure of $625.6M.
Wed, Feb. 3, 12:49 PM
Wed, Jan. 20, 12:45 PM
Thu, Jan. 14, 12:46 PM
Tue, Jan. 12, 12:41 PM
Tue, Jan. 12, 11:23 AM
- VirnetX (NYSEMKT:VHC) states the Eastern Texas federal court handling its infringement suit against Apple has "issued a comprehensive order with rulings on all of the pending Daubert and Dispositive motions, filed by both parties and pending before the court."
- Jury selection and trial for the case, which included the remanded portions of a civil action case against Cisco, begins on Jan. 25.
- Shares have jumped a day after closing just $0.05 above a 52-week low of $1.95. They remain far below where they traded before VirnetX received an adverse appeals court ruling for its legal battle against Apple in Sep. 2014.
- 13M shares (29% of the float) were shorted as of Dec. 15.
Tue, Jan. 12, 9:15 AM
Dec. 1, 2015, 6:41 PM
- Beaten-down VirnetX (NYSEMKT:VHC) surged today on volume of 2.29M shares, far above a 3-month daily average of 277K. The IP licensing firm remains down 44% YTD.
- Yesterday afternoon, director Robert Short disclosed he bought nearly 7K shares via two recent purchases made at $2.70. They followed two 3K-share purchases previously made in November, and raise Short's stake to 63,381. CFO Richard Nance bought 3K shares on Nov. 16.
Dec. 1, 2015, 1:10 PM
Oct. 6, 2015, 12:20 PM
- VirnetX (VHC -0.8%) has hired Willard Thomas, formerly the VP of sales for networking hardware firm Celestix, to be its VP of worldwide sales. He'll report to CEO Kendall Larsen.
- In addition, two other sales execs - Mark McCoy and David Chung - have been hired from biosensor maker NeuroSky to respectively serve as regional VPs for Europe and Asia.
- The hires are aimed at boosting sales and growing OEM/ODM partnerships for VirnetX's Gabriel secure collaboration software suite and messaging tools, which launched in May.
Aug. 26, 2015, 7:21 PM
- Chairman/CEO Kendall Larsen discloses he bought 27.7K VirnetX (NYSEMKT:VHC) shares yesterday at $2.82, bringing his stake to 476,245. Director Robert Short bought 10K shares at $2.80, bringing his stake to 50,380. Larsen last bought shares in November 2014.
- The purchases come after VirnetX tumbled on Friday following news the company plans a stock offering. They rose 4.2% today as markets surged.
Aug. 24, 2015, 10:00 AM
- Among the biggest tech decliners as U.S. stocks tumble/see panic selling amid a global plunge in equities triggered by China/macro fears: SolarCity (SCTY -8.4%), Ambarella (AMBA -8.6%), SolarEdge (SEDG -7.9%), Fitbit (FIT -9.7%), Canadian Solar (CSIQ -10.2%), 21Vianet (VNET -15.7%), Yingli (YGE -14.4%), VirnetX (VHC -11.3%), and Digital Ally (DGLY -19.3%).
- Also off sharply: Rapid7 (RPD -7.5%), Shopify (SHOP -9.1%), Alliance Fiber (AFOP -12%), SuperCom (SPCB -10%), Luxoft (LXFT -7.3%), Box (BOX -14.7%), and Castlight (CSLT -13.8%).
- The Nasdaq has pared its opening-bell losses a bit. It's now down 4.6%, after starting off down 7.5%.
- See also: Premarket decliners, Chinese tech decliners, large-cap tech decliners
- Update (10:35AM ET): SolarEdge is now up 1.6%. Various other names have pared their losses some, but remain sharply lower.
- Update 2 (10:42AM ET): Add SolarCity to the ranks of rebounding stocks: Shares are now up 4.7%.
- Update 3 (12:29PM ET): The Nasdaq is now down just 0.3%. Ambarella, Fitbit, Rapid7, and Canadian Solar have also turned positive.
Aug. 21, 2015, 12:45 PM