Pulse wave measurement is a highly prominent technique used in biomedical diagnostics. The development of novel cost-effective pulse wave sensors will pave the way to more advanced healthcare technologies. This work reports on a pulse wave optical fiber sensor interrogated by a smartphone. The sensor performance was tested in terms of signal to noise ratio, repeatability of demodulated signal and suitability of demodulated signals for the extraction of information about direct and reflected waves. The analysis showed that the observed fluctuations of signal parameters are caused by variability of the state of the cardiovascular system and not by the system noise.