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Ciena Corporation (CIEN) CEO Gary Smith on Q1 2021 Results - Earnings Call Transcript

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Ciena Corporation (NYSE:CIEN) Q1 2021 Earnings Conference Call March 4, 2021 8:30 AM ET

Company Participants

Gregg Lampf - Vice President of Investor Relations

Gary Smith - President and Chief Executive Officer

James Moylan - Senior Vice President of Finance and Chief Financial Officer

Scott McFeely - Senior Vice President of Global Products and Services

Conference Call Participants

Rod Hall - Goldman Sachs

George Notter - Jefferies

Simon Leopold - Raymond James

Meta Marshall - Morgan Stanley

Paul Silverstein - Cowen and Company

John Marchetti - Stifel, Nicolaus & Company

Tal Liani - Bank of America

Alex Henderson - Needham & Company

Amit Daryanani - Evercore ISI

Samik Chatterjee - JPMorgan

Fahad Najam - MKM Partners


Ladies and gentlemen, thank you for standing by. And welcome to the Ciena Fiscal Q1 2021 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to Mr. Gregg Lampf, Vice President of Investor Relations. Please go ahead.

Gregg Lampf

Thank you, Sharon. Good morning, and welcome to Ciena's 2021 fiscal first quarter results conference call. On the call today is Gary Smith, President and CEO; and Jim Moylan, CFO. Scott McFeely, our Senior Vice President of Global Products and Services is also with us for Q&A.

In addition to this call and the press release, we have posted to the Investors section of our website an accompanying investor presentation that reflects this discussion, as well as certain highlighted items from the quarter. Our comments today speak to our recent performance, our view on current market dynamics, and drivers of our business, as well as the discussion of our financial outlook.

Today's discussion includes certain adjusted or non-GAAP

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Comments (1)

I'm a relatively new investor and everything I own in the fiber sector (I'm long CIEN, INFN and NPTN) loses even when it wins on performance. Usually drops after good quarterly reports due to wish-wash guidance the market does not like. This seems to be the case during the past 12 months from all fiber folks. I'm 'ready to dump all these losers and confine my 5G holdings to chip stocks. The fiber stocks IMHO suck. Any advice on how to find anything decent in the fiber sector would be appreciated.
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