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Ciena's (CIEN) CEO Gary Smith on Q1 2018 Results - Earnings Call Transcript

Mar. 06, 2018 12:12 PM ETCiena Corporation (CIEN)
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Ciena Corporation (NYSE:CIEN) Q1 2018 Results Earnings Conference Call March 6, 2018 8:30 AM ET


Gregg Lampf - VP, IR

Gary Smith - President & CEO

Jim Moylan - CFO

Steve Alexander - CTO


Doug Clark - Goldman Sachs

Paul Silverstein - Cowen

Tejas Venkatesh - UBS

Simon Leopold - Raymond James

Stanley Kovler - Citi Research

Michael Genovese - MKM Partners

Meta Marshall - Morgan Stanley

Jeff Kvaal - Nomura

Tim Savageaux - Northland Capital Markets


Good morning, my name is Lisa, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Ciena Fiscal First Quarter 2018 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. Gregg Lampf, Vice President of Investor Relations, you may begin your conference.

Gregg Lampf

Thank you, Lisa. Good morning, and welcome to Ciena's 2018 fiscal first quarter review. With me today is Gary Smith, President and CEO; and Jim Moylan, CFO. Steve Alexander, our CTO, will join us for the Q&A portion of the call.

Today's prepared remarks were made available at 7:00 a.m. Eastern today, along with this morning's press release and an accompanying investor presentation that reflects this discussion as well as certain highlighted items from the quarter. Our comments today include details on our fiscal first quarter results, management's view of the market, an update on our share repurchase program and management's guidance for the second quarter. We will also discuss the impact of recent tax reform in the U.S. on our results.

Before turning the call over to Gary, I'll remind you that during this call, we will be making certain forward-looking statements. Such statements are based on current expectations, forecasts

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