By Kelly Cloonan

Shares of Cambium Networks rose after the company said shipments billed to customers improved on a sequential basis in its latest quarter.

The stock climbed 11% to $2.90 in after-hours trading on Tuesday. Through market close, shares have more than quadrupled.

The wireless networking infrastructure company said it billed about $43 million of shipments to customers in the third quarter, up about 8% from the second quarter.

Cambium's customers placed about $45 million in new orders during the quarter, down 4% on a sequential basis. The decline is within the traditional seasonal variation between the quarters that Cambium has experienced in prior years, the company said.

"We are starting to see stability in our markets, as evidenced by our quarterly bookings and shipping levels and are encouraged by the normalized level of inventory in the channel," Chief Executive Morgan Kurk said.

The company also said it expects its distributors' sell-through to improve as its available inventory increases.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

November 18, 2025 18:52 ET (23:52 GMT)

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