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VirnetX Holding (VHC) Crumbles: Stock Falls by 7.3%

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VirnetX Holding Corp saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for VHC as the stock is now down nearly 5% since Feb 20.
This slump shouldn’t be too much of a surprise to investors, as the internet software company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
VHC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.
Some better-ranked stocks in the same industry include China Mobile Games and Entertainment Group Limited , j2 Global, Inc. (JCOM - Free Report) and Model N, Inc. (MODN - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy).
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