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VHC

VirnetX

, AAPL

Apple

$113.05

0.87 (0.78%)

09:17
10/03/16
10/03
09:17
10/03/16
09:17

VirnetX awarded $302.4M verdict against Apple in patent infringement case

VirnetX (VHC) announced that on September 31, a Jury in the United States Court for the Eastern District of Texas, Tyler Division, in the case VirnetX Inc., et al. v. Apple Inc., No. 6:10-cv-00417-RWS, has awarded VirnetX $302.4M in a verdict against Apple (AAPL) for infringing four VirnetX patents, marking the third time a federal jury has found Apple liable for infringing VirnetX's patented technology. The verdict includes royalties awarded to VirnetX, for unresolved issues in the Apple I case, remanded back from the United States Court of Appeals for the Federal Circuit, related to (1) damages owed to VirnetX for infringement by Apple's original VPN-on-Demand and (2) the alleged infringement by Apple's original FaceTime product, under the new claim construction of "secure communication link" pertaining to the '504 and '211 patents by the USCAFC, and the damages associated with that infringement.

VHC

VirnetX

AAPL

Apple

$113.05

0.87 (0.78%)

  • 25

    Oct

VHC VirnetX

02/04/16
COWN
02/04/16
NO CHANGE
Target $36
COWN
Outperform
VirnetX win in Apple case should help in signing licenses, says Cowen
Cowen analyst Robert Stone said the jury award in favor of VirnetX (VHC) in its patent fight with Apple (AAPL) should aid the company in signing licenses with others. Stone, who thinks talks have been underway with Android OEMs and infrastructure players and expects that the "first couple of contracts" could be signed in the coming months, keeps an Outperform rating and $36 price target on VirnetX shares.
AAPL Apple
$113.05

0.87 (0.78%)

09/29/16
LEHM
09/29/16
NO CHANGE
Target $114
LEHM
Overweight
Barclays removes Apple as Top Pick after trimming global smartphone forecast
Barclays analyst Mark Moskowitz removed the firm's Top Pick designation on Apple (AAPL) shares after the firm trimmed its 2016 smartphone revenue and unit growth estimates, saying that the firm's research is not pointing to any major improvement in smartphone units beyond initial channel fill for the new iPhones and Samsung (SSNLF) Galaxy products. The firm now estimates a decline of 2.9% in smartphone revenue and growth of 2.6% in smartphone units, versus its prior forecast for a revenue decline of 0.7% and unit growth of 3.7% in 2016. Moskowitz, who thinks Apple shares may see near-term choppiness after their recent run-up, keeps an Overweight rating on the stock but lowered his price target to $114 from $115.
09/29/16
LEHM
09/29/16
NO CHANGE
Target $61
LEHM
Overweight
Western Digital is a new Top Pick in IT Hardware at Barclays
Barclays analyst Mark Moskowitz recommends investors build positions in Western Digital (WDC) and named it his new Top Pick in IT Hardware, removing Apple (AAPL). Western Digital issued a positive September quarter financial update citing a favorable mix in both HDD and SSD, and particularly good pricing conditions in NAND flash, the analyst wrote. Moskowitz believes the company's commentary is positive for investor sentiment and added it to the top spot given improving end markets, reduced industry manufacturing capacity, and potential for further operational synergies. He recommends investors build or add positions in Western Digital as gross margins should trend upward in the near- to mid-term. Moskowitz rates Western Digital an Overweight with a $61 price target on shares.
09/30/16
SBSH
09/30/16
NO CHANGE
Target $130
SBSH
Buy
Apple price target raised to $130 from $120 at Citi
Citi analyst Jim Suva raised his price target for Apple shares to $130 from $120 and keeps a Buy rating on the name. The stock closed yesterday down $1.77 to $112.18. U.S., Canada, European and Asian store checks indicate iPhone 7 demand at launch appears strong, Suva tells investors in a research note. Supply remains a limiting factor with many stores having received very limited supply of the iPhone 7 and in some cases only to suffice demand from preorders, the analyst adds. Suva raised his iPhone estimate for the December quarter to 79.4M units, above the consensus of 75M units.
10/03/16
PIPR
10/03/16
NO CHANGE
Target $151
PIPR
Overweight
Apple checks show iPhone 7 inventory still constrained, says Piper Jaffray
Piper Jaffray analyst Gene Munster said his checks of 134 Apple Stores in the U.S. showed that iPhone 7 and iPhone 7 Plus inventory levels are improved, but still constrained, and that supply appears even tighter in China. The limited supply of the iPhone 7 Plus should bode well for the December quarter outlook, adds Munster, who keeps an Overweight rating and $151 price target on Apple shares.

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PDCE

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VLGEA

Village Super Market

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0.35 (1.46%)

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AAPL

Apple

$150.55

-1.34 (-0.88%)

, DGX

Quest Diagnostics

$94.57

-7.54 (-7.38%)

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General news
On The Fly: Top stock stories for Monday »

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LH

LabCorp

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FINL

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Noble Corp.

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CATM

Cardtronics

$26.10

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Sprint

$7.82

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SFTBF

SoftBank

$79.96

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TMUS

T-Mobile

$62.89

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FN

Fabrinet

$34.78

-1.17 (-3.25%)

, SANM

Sanmina

$36.00

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$34.78

-1.17 (-3.25%)

SANM

Sanmina

$36.00

-1.3 (-3.49%)

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SNX

Synnex

$116.50

0.4 (0.34%)

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GFN

General Finance Corp

$4.95

-0.1 (-1.98%)

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General Finance Corp announces funding for certain acquisition »

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KEX

Kirby

$64.35

0.35 (0.55%)

16:20
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Breaking Hot Stocks news story on Kirby »

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  • 26

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SNWV

Sanuwave Health

$0.14

0.015 (12.50%)

16:20
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PKY

Parkway

$23.00

-0.02 (-0.09%)

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Parkway announces special cash dividend of $4.00 per share »

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CQP

Cheniere Energy Partners

$27.40

0.37 (1.37%)

16:19
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RHT

Red Hat

$105.76

-0.54 (-0.51%)

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Red Hat reports Q1 subscription revenue up 14% in constant currency »

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  • 25

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PKY

Parkway

$23.00

-0.02 (-0.09%)

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  • 25

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LNG

Cheniere Energy

$44.08

0.6 (1.38%)

16:18
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Initiation
Cheniere Energy initiated  »

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RHT

Red Hat

$105.76

-0.54 (-0.51%)

16:18
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Earnings
Red Hat raises FY18 adjusted EPS view to $2.77-$2.79 from $2.66-$2.70 »

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  • 25

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RHT

Red Hat

$105.76

-0.54 (-0.51%)

16:18
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Earnings
Red Hat sees Q3 adjusted EPS roughly 70c, consensus 70c »

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  • 25

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CRAY

Cray

$18.13

-0.475 (-2.55%)

, STX

Seagate

$33.16

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STX

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$33.16

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SNX

Synnex

$116.50

0.4 (0.34%)

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$NSD

NASDAQ Market Internals

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SNX

Synnex

$116.50

0.4 (0.34%)

16:17
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Earnings
SYNNEX sees Q4 adjusted EPS $2.63-$2.73, consensus $2.49 »

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RHT

Red Hat

$105.73

-0.57 (-0.54%)

16:16
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Earnings
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