• The company is cementing its position with big customers, an increasing ecosystem of partners, and an ever more sophisticated product offering.
• While the shares have been trading sideways, we don’t see much room for valuation multiple expansion.
• Longer term, unless market sentiment deteriorates markedly, the breakout is almost certainly on the upside, for instance, in anticipation of solid Q4 numbers.

Source: Five9 Is Trading Sideways, But For How Long? – Five9, Inc. (NASDAQ:FIVN) | Seeking Alpha