Gilford Securities Reiterates Buy on VirnetX Holding Following Recent Hearing

In a report published Tuesday, Gilford Securities analyst Robert V. Tango Jr. reiterated a Buy rating and $50.00 price target on

. 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.