VHC Stock Earnings: VirnetX Holding Reported Results for Q2 2024
Earnings Report: VirnetX Holding (NYSE:VHC) reported a second-quarter 2024 earnings per share of -$1.07 and revenue of $1,000.
Automated Coverage: InvestorPlace Earnings utilizes TradeSmith data to automate the reporting of quarterly earnings, providing quick insights on key financial figures without human intervention.
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What’s Behind the Surge in VirnetX Stock (VHC) Today?
Stock Surge: Shares of VirnetX Holding (VHC) rose by 71%, reaching a 30-month high after the company secured a General Services Administration (GSA) Multiple Award Schedule contract.
GSA Contract Significance: The GSA contract positions VirnetX as an approved technology provider for government agencies, enhancing its opportunities in cybersecurity and secure communications, while also simplifying the sales process to these entities.
Friday's Top Performers: Rental, Leasing & Royalty, Cigarettes & Tobacco Stocks
Cigarettes & Tobacco Market Performance: Cigarettes and tobacco shares have shown relative strength, increasing by approximately 1.3% overall, with Turning Point Brands up by 2.2% and Philip Morris International up by 1.5% on Friday.
Sector Leaders Video: A video highlights the leading sectors for Friday, including rental, leasing, royalty, and cigarettes & tobacco stocks.
VirnetX Secures Prestigious GSA Schedule Contract
GSA Schedule Award: VirnetX Holding Corporation has been awarded a General Services Administration Multiple Award Schedule contract, allowing it to provide secure communications and zero-trust cybersecurity solutions to federal, state, and local government agencies.
Enhanced Government Collaboration: This contract positions VirnetX to support defense initiatives and government contracts, enhancing access to its patented technologies like VirnetX Matrix® and War Room®, aimed at securing real-time communications and command networks.
VirnetX to Transition Stock Listing from NYSE to Nasdaq on September 23
Stock Listing Transfer: VirnetX Holding Corporation will voluntarily move its stock listing from the New York Stock Exchange to Nasdaq, effective after market close on September 22, 2025.
Trading Details: Trading on Nasdaq is set to begin on or about September 23, 2025, under the same ticker symbol "VHC," with the stock currently trading at $18.24, reflecting a 4.41% increase on the NYSE.
VirnetX to Transition to Nasdaq Listing
Stock Exchange Transfer: VirnetX Holding Corporation will voluntarily transfer its stock listing from the New York Stock Exchange to Nasdaq, effective around September 22, 2025, while retaining its ticker symbol "VHC".
Company Overview: VirnetX specializes in internet security software and technology, focusing on patented Zero Trust Network Access (ZTNA) solutions for secure communications, serving U.S. defense, intelligence, and government agencies, as well as enterprise applications.
VirnetX Facilities Achieve Essential Security Certification from the Department of Defense
Certification Achievement: VirnetX Holding Corporation has received DD Form 2345 certifications for its facilities in Nevada and Utah, marking a strategic shift towards becoming a dedicated partner for the U.S. Department of Defense and Intelligence Community.
Importance of Certification: The DD Form 2345 certification allows VirnetX to access sensitive technical data and participate in classified projects, enhancing its capabilities in providing secure communications and zero-trust cybersecurity solutions for defense applications.
What’s Behind the Surge in VirnetX Stock (VHC) Today?
Stock Surge: Shares of VirnetX Holding (VHC) rose by 71%, reaching a 30-month high after the company secured a General Services Administration (GSA) Multiple Award Schedule contract.
GSA Contract Significance: The GSA contract positions VirnetX as an approved technology provider for government agencies, enhancing its opportunities in cybersecurity and secure communications, while also simplifying the sales process to these entities.
Friday's Top Performers: Rental, Leasing & Royalty, Cigarettes & Tobacco Stocks
Cigarettes & Tobacco Market Performance: Cigarettes and tobacco shares have shown relative strength, increasing by approximately 1.3% overall, with Turning Point Brands up by 2.2% and Philip Morris International up by 1.5% on Friday.
Sector Leaders Video: A video highlights the leading sectors for Friday, including rental, leasing, royalty, and cigarettes & tobacco stocks.
VirnetX Secures Prestigious GSA Schedule Contract
GSA Schedule Award: VirnetX Holding Corporation has been awarded a General Services Administration Multiple Award Schedule contract, allowing it to provide secure communications and zero-trust cybersecurity solutions to federal, state, and local government agencies.
Enhanced Government Collaboration: This contract positions VirnetX to support defense initiatives and government contracts, enhancing access to its patented technologies like VirnetX Matrix® and War Room®, aimed at securing real-time communications and command networks.
VirnetX to Transition Stock Listing from NYSE to Nasdaq on September 23
Stock Listing Transfer: VirnetX Holding Corporation will voluntarily move its stock listing from the New York Stock Exchange to Nasdaq, effective after market close on September 22, 2025.
Trading Details: Trading on Nasdaq is set to begin on or about September 23, 2025, under the same ticker symbol "VHC," with the stock currently trading at $18.24, reflecting a 4.41% increase on the NYSE.
VirnetX to Transition to Nasdaq Listing
Stock Exchange Transfer: VirnetX Holding Corporation will voluntarily transfer its stock listing from the New York Stock Exchange to Nasdaq, effective around September 22, 2025, while retaining its ticker symbol "VHC".
Company Overview: VirnetX specializes in internet security software and technology, focusing on patented Zero Trust Network Access (ZTNA) solutions for secure communications, serving U.S. defense, intelligence, and government agencies, as well as enterprise applications.
VirnetX Facilities Achieve Essential Security Certification from the Department of Defense
Certification Achievement: VirnetX Holding Corporation has received DD Form 2345 certifications for its facilities in Nevada and Utah, marking a strategic shift towards becoming a dedicated partner for the U.S. Department of Defense and Intelligence Community.
Importance of Certification: The DD Form 2345 certification allows VirnetX to access sensitive technical data and participate in classified projects, enhancing its capabilities in providing secure communications and zero-trust cybersecurity solutions for defense applications.
