VirnetX (VHC) Wins Patent Battle vs Apple (AAPL); Take-Two (TTWO) Guides Above-Consensus

VirnetX_Holding_VHC

Shares of VirnetX Holding Corp. (NYSEMKT:VHC) climbed more than 85% to reach a new 52-week high in the extended session Wednesday after a Dallas law firm said that it won a $625.6 million verdict in favor of the company in a legal patent battle with tech giant Apple Inc. (Nasdaq:AAPL)

VHC stock closed at $4.79, up $1.10 (or +29.81%), and 4,116,492 of its shares exchanged hands during the day, a large increase in activity versus its average volume (3m) of 752,895

VirnetX Holding, an Internet security software and technology company, has 53.05M Shares Outstanding. At close on Wednesday, the company had Market Capitalization of $254.09M and VHC stock one-year range was between $1.95 and $8.09 per share

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Take-Two_Interactive_TTWO

The price of Take-Two Interactive Software Inc. (Nasdaq:TTWO) shares surged over 8% in after-hours trading Wednesday as the company delivered better-than-expected quarterly profit and revenue numbers in its financial results and guided above consensus.

For its third quarter fiscal 2016, Take-Two posted non-GAAP net revenue of $486.8 million and non-GAAP net income of $99.7 million, or $0.89 per diluted share, surpassing the Capital IQ Consensus Estimate of $0.50 earnings per share on revenues of $452.79 million for the period

Take-Two said that it expects fourth quarter fiscal 2016 non-GAAP net revenue to be in a range of $260 million to $310 million and non-GAAP net income to range between $0.15 and $0.25 per diluted share, also exceeding the Capital IQ Consensus Estimate of $0.08 on revenues of $241.97 million for the period

TTWO stock finished the regular session at $32.83, down $0.61 (or -1.82%), with a total volume of 2,765,476 shares traded during the day

Take-Two Interactive Software, a developer, publisher and marketer of interactive entertainment for consumers around the globe, has 84.62M Shares Outstanding, Market Capitalization (intraday) of $2.78B and TTWO stock one-year range is from $23.30 to $37.00 per share

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