Citrix reported Q2 results that were below consensus estimates and guidance, issued Q3 guidance below expectations and lowered its guidance for the year, Jefferies analyst John DiFucci tells investors in a post-earnings research note. While the lowered numbers were attributed to an accelerated move to subscription, but deferred revenue was also below expectations, which doesn't support this conclusion, says the analyst. DiFucci continues to believe Citrix shares are overvalued and he keeps an Underperform rating on the name with an $85 price target.