The spatial distribution of Cherenkov radiation from cascade showers generated by muons in water has been measured with Cherenkov water calorimeter (CWC) NEVOD. This result allowed to improve the techniques of treating cascade showers with unknown axes by means of CWC response analysis. The techniques of selecting the events with high energy cascade showers and reconstructing their parameters are discussed. Preliminary results of measurements of the spectrum of cascade showers in the energy range 100 GeV - 20 TeV generated by cosmic ray muons at large zenith angles and their comparison with expectation are presented.