VirnetX Soars After $368.2 Million Verdict Against Apple
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VirnetX Holding Corp. rose the most in more than three years after a federal jury said Apple Inc. should pay $368.2 million for infringing patents for virtual-private-network technology.
VirnetX rose $7.32, or 28 percent, to $33.61, its biggest one-day jump since July 2009. The shares are up 35 percent this year as investors bet the company can garner large patent fees from Apple and Cisco Systems Inc. The company, which reported $36,000 in revenue from royalties in the first half of this year, has a market value of $1.7 billion.