|Bid||3.8800 x 1300|
|Ask||3.8800 x 1300|
|Day's range||3.6120 - 3.9694|
|52-week range||2.3400 - 8.4700|
|Beta (3Y monthly)||2.25|
|PE ratio (TTM)||N/A|
|Earnings date||9 Aug 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.88|
In a partial victory for VirnetX, the U.S. Court of Appeals for the Federal Circuit left in place a Texas jury's finding that Apple iPhones infringed two VirnetX patents relating to secure communications technology. The court reversed the jury's infringement finding on two other patents, however.
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The U.S. Court of Appeals for the Federal Circuit denied Apple's appeal of a 2016 jury verdict originally valued at $302 million that grew to $440 million with interest, enhanced damages, and other costs. The same patent claims have been ruled invalid by an administrative court, but VirnetX is in the process of appealing those determinations. Apple said in a statement that it was disappointed in the ruling and planned to appeal.