NEW YORK (TheStreet) -- Shares of Globalstar (GSAT) - Get Report were gaining 6.8% to $3.14 Wednesday after the wireless communications company announced a successful demonstration of its Terrestrial Low Power Service (TLPS) at the FCC Technology Experience Center.

Globalstar said it completed a demo of its TLPS operating on channel 14 with no interference with Wi-Fi operations. The company also said the TLPS had no impact on Bluetooth devices including heart monitors, computer mice, and wireless speakers when operating on channels 1, 6, 11, and 14 with fully loaded access points.

The company said that it increased aggregate network capacity by about 40% in the test in the "quiet RF environment present at the FCC Technology Experience Center" in aggregate throughput across the 2.4 GHz 802.11-capable spectrum.

TheStreet Ratings team rates GLOBALSTAR INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate GLOBALSTAR INC (GSAT) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The area that we feel has been the company's primary weakness has been its feeble growth in its earnings per share."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Compared to where it was a year ago today, the stock is now trading at a higher level, and has traded in line with the S&P 500. Turning our attention to the future direction of the stock, we do not believe this stock offers ample reward opportunity to compensate for the risks, despite the fact that it rose over the past year.
• GLOBALSTAR INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, GLOBALSTAR INC continued to lose money by earning -$0.58 versus -$0.96 in the prior year. This year, the market expects an improvement in earnings (-$0.10 versus -$0.58).
• The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Diversified Telecommunication Services industry. The net income increased by 139.2% when compared to the same quarter one year prior, rising from -$234.80 million to $92.02 million.
• GSAT's revenue growth has slightly outpaced the industry average of 4.1%. Since the same quarter one year prior, revenues slightly increased by 5.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
• You can view the full analysis from the report here: GSAT Ratings Report