Ciena Corporation (NYSE:CIEN) Q4 2023 Earnings Call Transcript

Michael Genovese: Fair enough, Jim. Sorry, Gary, did you want to say something?

Gary Smith: No, I was just going to, you know, reaffirm that, you know, obviously if you do the math, you’re talking about accelerating growth once we get through this sort of absorption with the Tier 1s in North America this year, you know, we feel very good around the out years, not just for the reasons that Jim said. But you also got — also got WaveLogic 6 coming along here in its various variants as well. So you know we should be firing on all cylinders here.

Michael Genovese: Perfect. And then finally, just for that, quick follow up. I mean, just help us with the definition of mid-40s. I mean does mid-40s mean 45 or I guess it could be a 44 as well. Could you just help us with how you think about mid-40s?

James Moylan: Maybe get my Webster out and I don’t know. This year we did 43 point something. And what that message is intended to give you is that we’re going to improve to a number that centers around 45. I’m not saying it’s going to be 45, I’m saying it centers around 45.

Michael Genovese: Great. Thanks so much guys.

James Moylan: Thanks, Mike.

Gregg Lampf: Thanks, Mike. Thank you all for joining us today. As we enter the holiday season and the New Year let’s all hope for peace and goodwill. Thank you for joining us.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.