VirnetX Holding Shares Popped: What You Need to Know

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: VirnetX Holding (AMEX: VHC  ) popped 27% in intraday trading after announcing it has been granted a new U.S. patent.

So what: The U.S. Patent Office granted VirnetX a new patent for an agile network protocol for secure communications with assured system availability. It is the ninth patent awarded to the company in 2011.

Now what: The company now owns 21 U.S. patents and 18 foreign patents. It has more than 100 patent applications pending. The CEO said the new patent "further increases the value and importance of VirnetX's patent portfolio as it pertains to the rapidly expanding mobile market." Furthermore, "We believe VirnetX's patent portfolio is ... vital to providing security to the 4G mobile market." Nonetheless, analysts are forecasting losses for the company until 2013.

Interested in more info on VirtnetX Holding? Add it to your watchlist by clicking here.

Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1536285, ~/Articles/ArticleHandler.aspx, 10/25/2016 10:07:35 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,211.28 -11.75 -0.06%
S&P 500 2,150.02 -1.31 -0.06%
NASD 5,307.33 -2.50 -0.05%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/25/2016 9:50 AM
VHC $3.15 Down -0.05 -1.56%
VirnetX Holding CAPS Rating: *