It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:

ConocoPhillips: "I think ConocoPhillips is good, but I prefer Occidental, which my charitable trust owns ... I like the dividend and I like the fact that it did not cut it."

Revance Therapeutics: "That is a company that to me looks a little like Allergan, which is down ... my trust owns it and everyone has given up on it. I've got shorts telling me now that at $219 you've got to short it. 19 down, 100 up, OK."

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Ionis Pharmaceuticals: "This is the old Isis Pharmaceuticals. Every time I recommend it, I feel like I hurt people. Ionis has got all these great drugs but I don't know. This stock is stuck. I feel like Cypress Semi, Fitbit and Ionis are three that I should do a piece about because I have gotten them wrong and why I got them wrong. I'm sorry, I feel like I've lost the ability to opine on Ionis. I'm just not getting it right.

Ciena Corporation: "No, Ciena and Jupiter are both bad. I'll give you a two-for negative."

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