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Cambium Networks

Cambium Networks is a global provider of networking infrastructure solutions, founded in as a spin-out from and headquartered in . The company specializes in delivering secure, reliable connectivity, including , , wired Ethernet switching, security, and technologies, enabling service providers, enterprises, industrial organizations, governments, and communities to achieve high-performance digital experiences with simplified operations. Through its ONE Network platform, Cambium Networks unifies diverse networking elements—such as access, enterprise , cloud-based management, and edge security—into a single, scalable architecture that supports gigabit speeds across urban, rural, and challenging environments using multi-frequency technologies like cnWave 60 GHz millimeter wave. This approach reduces deployment complexity, lowers costs, and facilitates rapid scaling for applications ranging from service delivery to industrial IoT and mission-critical communications. Since its inception, Cambium Networks has deployed over 12 million radios to more than 150 countries, earning recognition as a leader in wireless innovation, including multiple "Manufacturer of the Year" awards from the between 2017 and 2020. The company went public on under the ticker CMBM in 2019, following a from Vector Cambium Holdings in 2018, and continues to expand its portfolio to address growing demands for resilient connectivity in sectors like oil and gas, , and smart cities. As of November 2025, Cambium Networks faces potential delisting from due to delayed filings, including its 2024 annual report and 2025 quarterly reports, and has appealed the staff determination.

Overview

Founding and Headquarters

Cambium Networks was formed in October 2011 as a spin-off from ' Canopy and Orthogon businesses, which were acquired by Vector Capital. The acquisition led to the establishment of Vector Cambium Holdings (Cayman), Ltd., which served as the initial entity focused on developing and commercializing broadband technologies. In 2018, the company was renamed Cambium Networks Corporation to reflect its independent identity and expanded scope. The company's headquarters are located in , , at 2000 Center Drive, Suite East A401. Cambium Networks maintains additional key offices in ; Bangalore, India; and Ashburton, United Kingdom, supporting its global operations in wireless networking solutions. From its inception, Cambium Networks has emphasized providing affordable solutions to bridge the , particularly targeting rural and underserved areas where traditional wired infrastructure is impractical. This mission-driven approach leverages point-to-point and point-to-multipoint technologies to enable reliable connectivity in challenging environments. As of December 31, 2023, Cambium Networks employed approximately 625 people worldwide. The company transitioned to public status in through an on under the ticker CMBM.

Leadership and Financials

Morgan Kurk has served as President and of Cambium Networks since August 1, 2023, bringing over 30 years of experience in . He began his career as a hardware development engineer at and later held senior roles at before serving as President of Honeywell's business. Prior to Kurk, Atul Bhatnagar led the company as President and CEO from February 2013 to August 2023, overseeing expansions in point-to-point and point-to-multipoint wireless technologies during his tenure. Bhatnagar, a telecom veteran with prior CEO experience at , remains on the . The executive team includes key figures such as Raymond de Graaf, Senior Vice President of Operations, who previously held the same role at and has driven operational transformations in high-tech manufacturing; Vibhu Vivek, Senior Vice President of Products, with over 20 years in wireless and networking from ; and Sally Rau, General Counsel, experienced in corporate law across the and . The board comprises industry experts, including Chairman Robert Amen from Vector Capital, which facilitated the company's independence from , and R. Slusky, Vector's founder with telecom investment experience at firms like . Other members, such as Bruce Felt (former at Domo) and Lynch (former at Jana Partners), provide financial and investment oversight. Cambium Networks went public on June 26, 2019, listing on the Global Market under the ticker CMBM and raising approximately $70 million through an of 5.8 million shares priced at $12 each. The company reported full-year revenue of $296.9 million in 2022, reflecting growth in solutions before market headwinds. Revenue declined to $220.2 million in 2023 and further to approximately $177 million on a trailing twelve-month basis through 2024, impacted by disruptions, inventory reductions, and delayed financial filings amid compliance issues. In October 2025, the company received a staff determination letter indicating its shares are subject to delisting for failing to meet the minimum $1.00 bid price requirement and due to delayed filings, including the 2024 and 2025 Q1/Q2 Form 10-Qs; Cambium plans to appeal the decision. By November 2025, the company's stood around $80 million, with shares trading near $2.80 amid ongoing challenges like component shortages and competitive pressures in the telecom sector. Cambium was previously included in the but was removed in January 2024 due to market performance. The company has received recognition for its contributions to the industry, including the Wireless Internet Service Providers Association () Manufacturer of the Year award for four consecutive years from 2017 to 2020, honoring its reliable solutions for providers. In 2025, Cambium earned 's Triumph Award at WISPAPALOOZA for demonstrating perseverance and adaptability in delivering connectivity amid economic challenges.

Products and Solutions

Fixed Wireless Broadband

Cambium Networks offers a range of solutions designed for point-to-point (PTP) and point-to-multipoint (PMP) deployments, enabling high-capacity connectivity for service providers and enterprises. These products support access and backhaul in diverse environments, leveraging unlicensed and licensed spectrum to deliver reliable performance over varying distances. The company's PTP backhaul solutions, such as the PTP 670 and PTP 820 series, provide high-capacity links suitable for distances exceeding 10 km, facilitating robust between network nodes in challenging conditions. The PTP 670 operates across 4.9 to 6.05 GHz frequencies with channel sizes from 5 to 45 MHz, supporting up to 450 Mbps throughput per unit while incorporating line-of-sight (LOS) and MIMO technologies for enhanced reliability. Similarly, the PTP 820 series, including models like the PTP 820C and PTP 820S, delivers up to 2 Gbps capacity through multi-core functionality and adaptive modulation, operating in licensed bands for long-haul backhaul applications. These systems are engineered for outdoor deployment, ensuring performance under harsh weather and interference scenarios. For PMP access platforms, Cambium Networks' ePMP series includes devices like the ePMP 3000 access point and Force 300 subscriber modules, which enable scalable distribution to multiple endpoints. The ePMP 3000 utilizes MU-MIMO technology to achieve up to 1.2 Gbps throughput, supporting wide coverage with 120-degree sector antennas and compatibility with multiple subscriber modules for up to 500 Mbps per client. The Force 300 series, operating on 802.11ac Wave 2, provides up to 600 Mbps aggregate capacity in 80 MHz channels, with models like the Force 300-25 offering high-gain antennas for extended range in high-interference settings. Additionally, the cnWave platform leverages 60 GHz millimeter-wave technology to deliver multi-gigabit speeds, with client nodes supporting up to 2 Gbps bidirectional throughput for dense, short-range deployments. In October 2025, Cambium Networks introduced the Force 4518 subscriber module for the 5 GHz band and the Force 4616 (CPE) for the 6 GHz band, targeting low-cost, high-performance delivery with up to 1 Gbps throughput. These modules interoperate with ePMP 4000 series access points and integrate with Bring-It-All-Back (BIAB) pre-paired kits to simplify installations for service providers. Production began in October 2025, with shipments to customers commencing in late 2025. These solutions find applications in rural expansion, where they bridge gaps in underserved areas, and urban densification, supporting high-demand scenarios like multi-gigabit access in populated zones. By 2021, Cambium Networks had shipped over 10 million radios worldwide, serving service providers and enterprises in these contexts. The products support a broad spectrum of frequencies, including 900 MHz for long-range rural links, 2.4 GHz and 5 GHz for versatile sub-6 GHz operations, 6 GHz for expanded capacity, and 60 GHz for ultra-high-speed urban applications. They integrate briefly with cloud management tools like cnMaestro for streamlined oversight.

Wi-Fi and Switching

Cambium Networks provides a range of enterprise-grade access points designed for indoor and outdoor local area networks, focusing on high-performance connectivity in dense environments. The company's portfolio includes the cnPilot series, which offers compact, cloud-managed access points supporting 802.11ac Wave 2 () and 802.11ax () standards with features like (MU-MIMO) and for improved throughput and coverage. The cnPilot series encompasses indoor models such as the e410 and e500, which deliver dual-band 2.4/5 GHz operation, up to 1.75 Gbps aggregate throughput, and support for up to 256 concurrent users per access point, making them suitable for offices and small venues. Outdoor variants like the e505 and e510 are ruggedized with IP67 ratings, providing ports and extended range up to 250 meters in open areas, ideal for public spaces and temporary deployments. These access points incorporate interference mitigation through dynamic channel selection and to maintain reliable performance in congested spectra. For high-density environments, Cambium Networks offers the XV2 series of access points, including the indoor XV2-21X ceiling-mount model with 2x2:2 spatial streams and up to 2.97 Gbps bandwidth across dual radios, and outdoor options like the XV2-23T with integrated long-range antennas for coverage up to 1 km. These devices support up to 512 clients per access point and include advanced features such as (OFDMA) for efficient spectrum use in campuses, schools, and public venues. Additionally, the acquisition of Xirrus Wi-Fi assets in introduced multi-radio array technology, enabling high-capacity deployments with up to 16 spatial streams in a single unit for seamless scalability in enterprise settings. To support 6E compatibility and access to the 6 GHz band, Cambium Networks has developed the XE series, such as the indoor XE5-8 five-radio access point with :8 streams on 5 GHz and 4x4:4 on 6 GHz, delivering up to 14.4 Gbps aggregate throughput for future-proof, low-latency networks in high-traffic areas. Outdoor XE models like the XE3-4TN feature tri-radio configurations (4x4:4 on 5 GHz, 2x2:2 on 6 GHz) with IP67 enclosures and 2.5 Gbps Ethernet uplinks, ensuring interference-resistant operation and extended coverage in challenging conditions such as campgrounds or industrial sites. In September 2025, Cambium Networks expanded its portfolio with Wi-Fi 7 (802.11be) access points, including the X7-55X indoor tri-band tri-radio model with 4×4:4 on 5 GHz, 4×4:4 on 6 GHz, and a software-defined third radio, delivering up to 18 Gbps aggregate throughput, enhanced security, and ultra-low latency for applications like AR/VR and real-time collaboration. The X7-53X indoor dual-band dual-radio access point offers 4×4:4 on 5 GHz and 2×2:2 on 6 GHz for cost-effective high-performance deployments in and . These models support up to 1024 clients per access point and are available through global partners as of late 2025. Complementing its Wi-Fi solutions, Cambium Networks' switching portfolio includes the cnMatrix EX series of cloud-managed Ethernet switches, such as the EX1010-P with 8 PoE-enabled Gigabit ports and 20 Gbps switching capacity, and the EX2010-P offering 16 PoE ports for powering wireless access points in wired backhaul setups. These Layer 2/3 switches support full line-rate non-blocking architecture and Power over Ethernet (PoE) up to 30W per port, facilitating scalable deployments for indoor and outdoor LANs with minimal management overhead. The EX series integrates with Wi-Fi access points to provide unified wired-wireless connectivity, enhancing reliability in enterprise networks. In September 2025, Cambium Networks introduced two new multi-gigabit cnMatrix access switches as part of its ONE Network . The EX3030RM-P features 24 × 2.5/1 Gbps PoE ports and 6 × 25 Gbps SFP28 uplinks, supporting up to 90W PoE per port with dual removable power supplies for high-density deployments. The EX3052RM-P includes 24 × 2.5/1 Gbps PoE ports, 24 × 1 Gbps ports, and 4 × 25 Gbps SFP28 uplinks, also with 90W PoE and dual power supplies, enabling unified policy automation and simplified provisioning. These rack-mount switches are orderable and available through partners as of late 2025.

Cloud Management and Software

Cambium Networks provides cloud-based management through its cnMaestro platform, which serves as a centralized system for overseeing , , and switch deployments. Available in two variants—cnMaestro Essentials, a free option supporting up to 10,000 devices, and the advanced cnMaestro X, scalable to 40,000 devices—this platform enables deployment in public cloud, private cloud, or on-premises environments without requiring separate Wi-Fi controllers. It offers a unified for monitoring network health, configuring devices, and generating analytics, including graphical reports and AI-driven insights via X Assurance for proactive issue resolution. The ONE integrates , Wi-Fi, switching, and elements into a cohesive , promoting simplified deployment and across , , and networks. Managed entirely through cnMaestro X, it provides single-pane-of-glass visibility from edge to cloud, with for operational efficiency and quality-of-experience optimization. This reduces management complexity by unifying wired and wireless components, enabling predictable performance in diverse applications such as multi-dwelling units and distributed enterprises. Supporting these core tools, Cambium offers additional software for planning and management. cnHeat is a subscription-based RF planning application that generates precise wireless coverage predictions using and GIS data at 1-meter resolution, aiding in site optimization for networks. LINKPlanner, a free tool, facilitates path analysis for point-to-point (PTP) and point-to-multipoint (PMP) configurations by modeling terrain, obstructions, and link reliability to ensure cost-effective deployments. For , solutions like cnReach provide capabilities, connecting sensors and controls for backhaul in industrial settings, integrated within the ONE Network for seamless scalability. Key features across these platforms include GPS synchronization via the cnPulse generator, which coordinates transmissions in PMP and PTP radios for frequency reuse and reduced ; zero-touch provisioning, allowing automatic device and upon connection to the network; and RESTful API integrations with webhooks for real-time notifications and , particularly beneficial for service providers managing multiple client networks. These capabilities ensure secure, efficient operations, with compatibility extending to like ePMP and cnWave for end-to-end control.

History

Origins and Early Development

Cambium Networks traces its origins to Motorola's wireless broadband initiatives in the early , specifically the Canopy point-to-multipoint (PMP) platform launched in 2002 and the Orthogon point-to-point (PTP) systems acquired by in 2006. These technologies were developed to address the growing needs of wireless internet service providers (WISPs) seeking cost-effective connectivity in underserved areas, leveraging proprietary (TDMA) protocols for efficient spectrum use and GPS synchronization to minimize . In 2011, Vector Capital acquired these Canopy and Orthogon businesses from , forming Cambium Networks as an independent entity focused on enhancing proprietary TDMA-based solutions to serve emerging markets worldwide. The enabled targeted innovation in technologies, with operations commencing in November 2011 and headquarters established in . This restructuring positioned the company to prioritize affordability and scalability for WISPs, distinct from Motorola's broader portfolio. Following the , Cambium Networks introduced the PMP 450 series in September 2012, a fourth-generation PMP platform designed for high-throughput performance in unlicensed spectrum, offering up to 90 Mbps in 20 MHz channels while emphasizing long-range coverage and low cost for WISP deployments. The series built on Canopy's TDMA foundation, incorporating advanced and dynamic bandwidth allocation to support data, voice, and video services in challenging environments. By the mid-2010s, the company expanded globally, with the PMP 450 alone reaching its one-millionth unit shipment by 2017, reflecting strong adoption among WISPs. Early recognition came through Wireless Internet Service Providers Association () awards, including Manufacturer of the Year in 2017, highlighting its contributions to rural .

Acquisitions and IPO

In June 2019, Cambium Networks completed its (IPO), listing on the Global Market under the CMBM. The company offered 5,800,000 ordinary shares at $12.00 per share, raising approximately $69.6 million in gross proceeds and $62.9 million net after discounts and expenses. The IPO valued the company at around $307 million based on post-offering shares outstanding of 25,607,770. Proceeds were intended to repay $30.7 million in debt under its credit facility, pay $5.6 million in management fees to its majority shareholder Vector Capital, and support , general corporate purposes, , and global expansion efforts. Following the IPO, Cambium's shares experienced initial , trading below the offering price and dipping to around $9.50 by early July 2019, amid broader conditions for tech IPOs. Investor interest centered on the company's positioning in technologies adjacent to emerging deployments, with analysts highlighting its potential for growth in and markets. In August 2019, shortly after going public, acquired the Xirrus Wi-Fi products and services business from for an undisclosed amount. The deal integrated Xirrus's multi-radio arrays, high-density access points, and cloud-based management tools into 's portfolio, enhancing its enterprise-grade offerings while initially retaining the Xirrus brand for continuity in support and customer familiarity. This acquisition complemented 's core focus by expanding capabilities in indoor for sectors like education, hospitality, and large venues, enabling more comprehensive wireless solutions. The strategic move positioned to deliver unified networking architectures, accelerating development of integrated enterprise wireless ecosystems.

Recent Milestones and Innovations

In 2020, Cambium Networks expanded its collaboration with Connectivity to incorporate Terragraph technology into its 60 GHz wireless radios, enabling gigabit-speed last-mile access for homes and enterprises while influencing the development of its cnWave millimeter-wave platform. By 2021, the company reached a significant production milestone, shipping its 10 millionth radio worldwide since inception, underscoring a of growth in deployments. As of May 2025, Cambium Networks had shipped over 12 million radios globally. That same year, Cambium announced advancements in Wi-Fi capabilities, setting the stage for the formal launch of software-defined 6E solutions in early 2022, which extended high-efficiency performance into the 6 GHz band for enterprise networks. From 2023 to 2025, confirmed its global headquarters relocation to 2000 Center Drive in , enhancing operational efficiency amid ongoing expansion. In October 2025, the company introduced the Force 4518 (5 GHz) and Force 4616 (6 GHz) subscriber modules, low-cost, high-performance (CPEs) designed for Gbps-class throughput in access networks, with and shipments commencing before year-end. This built on earlier partnerships, such as the 2021 deployment with Pentanet to deliver multi-gigabit across , , using cnWave 60 GHz technology over 300 km of , an initiative that continued to support gigabit services into subsequent years. Ongoing innovations through 2025 emphasized the 6 GHz unlicensed for both and applications, tripling throughput potential and alleviating 5 GHz congestion, as seen in certifications for the ePMP 4600 series access points. Cambium also integrated -driven optimization via its ONE Network platform, incorporating AIOps for automated performance management in 7 and switching solutions tailored to workloads. These efforts earned sustained recognition, including the Triumph Award in 2025 for overall industry contributions and the 2022 Service of the Year Award for network planning leadership. The of Xirrus further enhanced scalability and security synergies. Amid these advancements, Cambium navigated challenges from post-pandemic disruptions, including component shortages that extended lead times and impacted revenues in 2022. Heightened in and point-to-multipoint segments also pressured growth, prompting a focus on cost-efficient innovations and through 2024.

Technology and Applications

Network Setup and Architecture

Cambium Networks' point-to-multipoint (PMP) systems typically employ access points (APs) equipped with sector antennas featuring 60- to 90-degree beamwidths to achieve comprehensive 360-degree coverage in fixed wireless deployments. For instance, four 90-degree sectors or six 60-degree sectors can be arranged around a central tower to serve a full circular area, with each AP connecting to multiple subscriber modules (SMs) that act as client endpoints for end-user devices. These SMs, often integrated with directional antennas, enable reliable connections from remote locations to the network core. Effective operational ranges in PMP configurations vary by frequency band and environmental factors but commonly extend from 3.5 to 15 miles, supporting delivery in both line-of-sight and near-line-of-sight scenarios. Power delivery relies on a proprietary (PoE) implementation, which operates at voltages such as 48-56 VDC and is incompatible with the IEEE 802.3af standard, necessitating Cambium-specific injectors and cabling up to 100 meters in length. The deployment process begins with mounting on towers or poles using brackets and clamps, connecting them via Ethernet to the for data and . are installed on customer premises, typically on rooftops or walls, and aligned to the AP using built-in diagnostic tools like signal strength LEDs, audio alignment aids, and web-based interfaces for and adjustments to optimize link quality. Grounding and surge protection are essential during installation to ensure reliability in outdoor environments. Cambium's ONE Network exemplifies a layered that integrates backhaul links, PMP access layers, access points, and Ethernet switches to provide seamless end-to-end connectivity across rural and urban settings. This unified approach supports scenarios like multi-gigabit delivery over 2 miles in urban areas, such as , , where 60 GHz backhaul combines with for high-density coverage. Provisioning and management occur through cnMaestro for centralized configuration.

Protocols and Standards

Cambium Networks utilizes proprietary protocols, notably the Canopy (Time Division Multiple Access) system inherited from its legacy Canopy platform, in products like the PMP 450 and ePMP series for point-to-multipoint (PMP) deployments. This protocol organizes data frames in synchronized time slots to coordinate access between access points and subscriber modules, supporting up to over 200 Mbps throughput per sector as of 2025. A key feature is GPS synchronization, which aligns transmission timing across multiple access points to enable frequency reuse (e.g., 2-channel plans) and minimize self-interference, allowing efficient spectrum utilization in collocated setups. The company's systems comply with standards across variants, including 802.11n, 802.11ac Wave 2, and 802.11ax (/6E), ensuring in enterprise and broadband applications. For European markets, products adhere to EN 301 893 specifications, which govern 5 GHz RLAN operations including (DFS) and transmit power control (TPC) to mitigate . Operations occur in unlicensed bands such as 2.4 GHz, 5 GHz, 6 GHz (with Frequency Coordination in supported regions), and 60 GHz, facilitating deployment without spectrum licensing. Advanced features include dynamic spectrum access via Cambium's Dynamic Spectrum Optimization (DSO), which automatically scans and selects optimal channels in point-to-point links to adapt to environmental changes and maintain link reliability. platforms incorporate MU-MIMO (Multi-User Multiple Input Multiple Output), enabling concurrent downlink transmissions to up to eight clients for improved in dense scenarios. Low-latency modes, such as ePTP (enhanced PTP), achieve 2-3 ms round-trip times under favorable conditions, supporting real-time applications like video surveillance. Protocol evolution reflects a shift from the TDMA-centric Canopy architecture, optimized for interference-prone PMP networks, to hybrid approaches in newer solutions. The cnWave 60 GHz and 5G fixed wireless platforms integrate OFDMA (Orthogonal Frequency Division Multiple Access) alongside 802.11ay standards, enabling multi-user resource allocation for gigabit speeds and up to 3 Gbps sector throughput while maintaining backward compatibility with legacy TDMA elements in mixed deployments.

Comparisons and Advantages

Cambium Networks' fixed wireless solutions, such as the PMP 450 and ePMP platforms, leverage proprietary (TDMA) protocols that provide superior handling compared to and standards. The cnMedusa technology in PMP 450 enables fast and cancellation, allowing for higher capacity in dense environments—up to 600 Mbps per sector—while typically achieved around 130 Mbps aggregate throughput per sector as of 2021. Additionally, these TDMA-based systems deliver latencies under 5 ms in ePTP mode, outperforming the higher latencies often associated with cellular handoffs in and . However, Cambium's offerings lack the broad device compatibility of cellular standards, as they require dedicated rather than supporting standard mobile handsets. This makes them particularly suited for fixed rural access, where they excel over mobile-focused technologies by providing stable, high-throughput connections without the overhead of mobility support. In comparison to wired fiber solutions, Cambium's fixed wireless technologies offer significant advantages in deployment speed and cost for last-mile connectivity. Networks can be established in hours or days using point-to-multipoint architectures, contrasting with the weeks or months required for trenching and . Cost savings can reach up to 20% or less compared to trenching , with wireless options avoiding extensive expenses. Ranges exceeding 10 km are achievable with sub-6 GHz products like cnWave, enabling broad rural coverage without the physical of . Drawbacks include greater susceptibility to weather-related signal , such as , and the absence of native gigabit symmetric speeds in lower-frequency bands; achieving multi-gigabit symmetry typically requires mmWave deployments like the 60 GHz cnWave series. Relative to competitors like Ubiquiti and Mimosa, Cambium's platforms emphasize scalability through features such as GPS synchronization, which minimizes self-interference in multi-sector deployments and supports networks with thousands of users. The cnMaestro cloud management platform further enhances large-scale operations with centralized monitoring and optimization, providing more robust tools than Ubiquiti's simpler interfaces or Mimosa's spectrum-focused designs. In 2025, the Force 4518 and Force 4616 series introduced low-cost subscriber modules that undercut competitor pricing while delivering 1 Gbps throughput via 1024-QAM modulation—these 5 GHz and 6 GHz models support high-density environments with improved spectral efficiency and easier scalability for WISPs. Cambium Networks primarily targets wireless internet service providers (WISPs) in underserved rural and suburban areas, where its solutions bridge connectivity gaps without the infrastructure demands of urban fiber replacements. This niche focus allows WISPs to deliver reliable to communities lacking traditional wired options, as demonstrated in deployments providing high-speed access to remote regions.

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