In a report published Tuesday, Gilford Securities analyst Robert V. Tango Jr. reiterated a Buy rating and $50.00 price target on VirnetX Holding Corporation VHC.
In the report, Gilford Securities noted, “The hearing held on August 15th (required by Judge Davis) was essentially a non-event; as both parties indicated they were unable to reach an agreement in recent months. Logically, the next major legal action (in our opinion) would be a ruling/order issued by Judge Davis regarding the severed element (royalty rate) - we believe the Judge has all necessary information (the settlement with Avaya established another precedent) required to construct a reasonable order.”
VirnetX Holding Corporation closed on Monday at $21.25.
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