Ciena Corporation (CIEN) CEO Gary Smith on Q3 2020 Results - Earnings Call Transcript

9/3/20

Ciena Corporation (NYSE:CIEN) Q3 2020 Earnings Conference Call September 3, 2020 8:30 AM ET

Company Participants

Gregg Lampf - VP, IR

Gary B. Smith - President and CEO

James E. Moylan - SVP, Finance and CFO

Scott McFeely - SVP, Global Products and Services

Conference Call Participants

Simon Leopold - Raymond James

George Notter - Jefferies & Company

John Marchetti - Stifel

Meta Marshall - Morgan Stanley

Rod Hall - Goldman Sachs

Paul Silverstein - Cowen

Tal Liani - Bank of America

Amit Daryanani - Evercore ISI

Michael Genovese - MKM Partners

Alex Henderson - Needham & Company

Samik Chatterjee - JPMorgan

Operator

Ladies and gentlemen, thank you for standing by. And welcome to the Ciena Fiscal Q3 2020 Financial Results Conference Call. At this time, all participant lines are in a listen-only mode. After the speakers’ presentation, there’ll be a question-and-answer session. [Operator Instructions]. I would now like to hand today’s conference over to Gregg Lampf. Please go ahead.

Gregg Lampf

Thank you, Connie. Good morning and welcome to Ciena’s 2020 fiscal third quarter review. We're conducting today's call from various remote locations. On the call today is Gary Smith, President and CEO; and Jim Moylan, CFO. Scott McFeely, our Senior Vice President of Global Products & Services is also with us for the 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 fiscal Q3 2020 performance, developments in our business, and our view on current market dynamics, including with respect to COVID-19, as well as our outlook.

Today’s discussion includes certain adjusted or non-GAAP measures of Ciena’s results of operations. A detailed reconciliation of these non-GAAP measures to our GAAP results is included in today’s press release. Before turning the call over to Gary, I’ll remind you that during this call, we’ll be making certain forward-looking statements. Such statements, including our guidance and long-term financial targets, are based on current expectations, forecasts, and assumptions regarding the company and its markets, which include risks and uncertainties that could cause actual results to differ materially from the statements discussed today. These statements should be viewed in the context of the risk factors detailed in our most recent 10-Q filing as well as our upcoming 10-Q filing, which is required to be filed with the SEC by September 11th, we expect to file by that date.

Ciena assumes no obligation to update the information discussed in this conference call, whether as a result of new information, future events, or otherwise. As always we will allow for as much Q&A as possible today though we ask that you limit yourselves to one question and one follow-up. With that, I’ll turn the call over to Gary.

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