UPDATE: Gilford Securities Initiates VirnetX Holding Corporation with Buy, $65 PT on Licensing Position
Gilford Securities initiates its coverage on VirnetX Holding Corporation (NYSE: VHC) with a Buy rating and a price target of $65.
Gilford Securities comments, "Rarely do technology companies develop and.or possess solutions (intellectual property) that cannot be easily commoditized. Historically, the vast majority capture a shortened window of opportunity subsequent to the release of new solutions - however, few are distinctive, resulting in competition, margin pressure and short-lived periods of success (the cycle of acquisitions then begins). We believe WirnetX's core intellectual (encryption) may be uniquely positioned allowing it to establish relationships and licensing arrangements with multiple players participating in the 4G/LTE cycle.
VHC closed at $30.12 on Friday.
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