Gilford Securities Reiterates Buy, $65 PT on VirnetX Holding Corporation: Recent Concerns Unwarranted
In a recent note released earlier today, Gilford Securities reiterated its Buy rating and $65 price target on VirnetX Holding Corporation (NYSE: VHC) following a series of concerns expressed in media.
Among several topics, Gilford Securities addressed concerns surrounding recent ITC filings and a possible case dismissal.
"Certain investors believe the Judge has opted to dismiss the hearing )based on the title/language of document 31 - in our view the judge has not dismissed the hearing, and it wil be heard (more importantly, we believe the core substance related to the key issues of this hearing have not changed). Realistically, if an ITC Judge were to outright dismiss a hearing, he/she would not proceed in this manner (via mailings), in our opinion," commented Gilford Securities analyst Robert Tango.
VirnetX Holding Corporation at $2.67 on Friday.
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