Virnetx Holding Corp


VHC

Price

5.675


Change

0.075


High

5.675


Low

5.43


Avg Volume

6,176


PE Ratio

-0.73


52 Week High

13.6


52 Week Low

3.5



Profile

VirnetX is a publicly traded Internet security software and technology company based in Zephyr Cove, Nevada. VirnetX has been described as being a patent troll, accused of marketing no actual products or services and instead earning its revenue through licensing patents and suing anyone that infringes them. The company has won intellectual property litigation against various technology companies. The company's patent portfolio includes U.S. and international patents in areas such as DNS and network communication. Since 2010, VirnetX has been in litigation with companies including Apple, Cisco, and Microsoft. Separately, in December 2014, Microsoft and VirnetX settled patent disputes over Skype technology for $23 million. In their Apple case, VirnetX worked together with SAIC, and was awarded $368 million in damages for FaceTime infringement. That ruling was partially vacated in August 2014, but two patents were confirmed to be infringed by the United States Court of Appeals for the Federal Circuit. In December 2014, VirnetX opened access to their Gabriel platform, which builds upon their patents, and is implemented as small to medium-sized business enterprise collaboration software.


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