Quick Win by the Algorithm: VirnetX Holding Corp Soars

Quick Wins by the Algorithm


On May 10th, 2017, the I Know First algorithm issued a bullish forecast for VirnetX Holding Corp (YHC). VHC had a signal of 22.86 and a predictability of 0.19. As a result, in accordance with the forecast, the company’s stock increased by 57.81% in just 1 month, showing a quick win by the algorithm.

Quick Win

VirnetX Holding Corp is an Internet security software and technology company. The company provides patented technology for secure communications. Also offers a security platform required by Internet-based applications. Applications such as instant messaging, mobile services, streaming video, file transfer, and remote desktop. Additionally, VirnetX specializes in fourth-generation (4G) long term evolution (LTE) security. 

VirnetX was founded by former engineers and executives from Science Applications Integration Corporation. The company is headquartered in Nevada. 

Quick Win

Recently, VirnetX announced a $20 million investment from a Japanese private equity consortium. The investment comes in the form of common stock. The company retains the right to to repurchase these shares at a small premium. VirnetX agreed to a five-year deal. The agreement will form a strategic alliance which will allow VirnetX to launch Gabriel technologies in Japan. Gabriel technologies provide their customers with secure, encrypted mail, messaging, call, and other services. Included in the deal is a revenue share agreement. 

In addition, VirnetX Holding Corp and Apple have been fighting over patents for years. In October of 2016, a federal jury in Texas ordered Apple to pay more than $302 million in damages. Apple used VirnetX Holding Corp’s patented technology without permission. Most notably, its FaceTime video conferencing application.  

Furthermore, VirnetX Holding Corp shares increased 35.21 percent over the past week.  Shares rose 52.38 percent over the previous month. Also, the current market cap is 293.632M. Additionally, Blackstone and Vanguard are the top holders.

For the preceding reasons, we expect for VHC to experience growth in the future.

This bullish forecast on VHC was sent to current I Know First subscribers on May 10, 2017. 

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.