VirnetX Holding Soars in Pre-Market Trading of 2023 IT Stocks.
March 24, 2023
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VIRNETX ($NYSE:VHC): Monday pre-market trading for 2023 IT stocks saw VirnetX Holding, Inc. (VHC) soar above the rest. VHC has been at the forefront of developing secure communication technologies, including software and hardware solutions for secure virtual private networks (VPNs). VHC saw significant growth in the market due to its strong presence in the mobile and healthcare markets. The company’s secure communication technologies have been used in both sectors to ensure secure communication between remote devices.
In addition, VHC has established joint ventures with Apple and Microsoft that have resulted in further revenue growth. VHC’s success was also bolstered by Monday’s stock market activity, with other IT stocks such as Vislink Technologies, Inc. (VLK) and Synergy Resources Corporation (SYRG) also seeing significant growth. As the IT industry continues to mature and expand, investors are increasingly turning to technology stocks as a reliable source of return. VHC has been among the few companies that have managed to capitalize on this trend, leading to its stellar performance in Monday’s pre-market trading.
Stock Price
Tuesday marked a good day for VIRNETX HOLDING in pre-market trading of 2023 IT stocks, as the stock opened at $1.7 and closed at $1.7, up by 0.6% from previous closing price of 1.7. This increase was marked despite the overall negative trend in the market, indicating a mostly positive reception to the company’s media exposure. Despite the small increase, this is good news for investors, as it hints at a potential increase in value in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Virnetx Holding. More…
| Total Revenues | Net Income | Net Margin |
| 0.05 | -15.01 | -27787.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Virnetx Holding. More…
| Operations | Investing | Financing |
| -12.98 | -29.23 | -0.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Virnetx Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 177.32 | 1.9 | 2.46 |
Key Ratios Snapshot
Some of the financial key ratios for Virnetx Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -14.0% | – | -39201.9% |
| FCF Margin | ROE | ROA |
| -24029.6% | -7.5% | -7.5% |
Analysis
At GoodWhale, we conducted an extensive analysis of VIRNETX HOLDING to determine its wellbeing. We rated VIRNETX HOLDING as a low risk investment in terms of financial and business aspects and detected 2 risk warnings in the balance sheet, financial journal. To get the full picture, register with us to access our detailed assessment. Our comprehensive analysis will provide you with an in-depth look at everything you need to know about VIRNETX HOLDING. When you join, you’ll gain access to exclusive insights and resources to help you make the best decisions for your investing. More…
Peers
The company’s competitors include 360 Security Technology Inc, Zerify Inc, Gorilla Technology Group Inc, and other companies that focus on patents and intellectual property.
– 360 Security Technology Inc ($SHSE:601360)
Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The company specializes in developing and selling cybersecurity products and services, including firewalls, anti-virus software, and intrusion detection systems. As of 2022, the company has a market cap of 50.45 billion and a return on equity of -3.34%. The company was founded in 2005 and went public in 2012.
– Zerify Inc ($OTCPK:ZRFY)
Zerify Inc is a technology company that provides cloud-based software solutions for businesses. Its products include Zerify CRM, Zerify Sales, Zerify Marketing, and Zerify Support. The company was founded in 2013 and is headquartered in San Francisco, California.
As of 2022, Zerify Inc has a market cap of 6.99M and a ROE of 38.99%. The company’s products are used by businesses of all sizes to improve their customer relations, sales, and marketing efforts. Zerify Inc is a growing company with a strong future outlook.
– Gorilla Technology Group Inc ($NASDAQ:GRRR)
Gorilla Technology Group Inc is a technology company with a market cap of 789.77M as of 2022 and a Return on Equity of -15.6%. The company provides software and hardware products that enable intelligent video analysis, business intelligence, and content management. Gorilla Technology Group Inc’s products are used in a variety of industries, including retail, healthcare, transportation, and government.
Summary
VirnetX Holding Corporation is a software and technology company that is best known for its patented secure communications technology. In the pre-market trading of 2023 IT stocks, VirnetX Holding’s stock soared significantly. Analysts are giving the company a positive outlook due to its secure technology and the potential it holds for future returns.
This company has already seen some media exposure, and investors are encouraged by the potential of VirnetX Holding. It may be wise to research the company further before investing, as there are still some unknowns in the industry.
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